How To Buy An Annuity With Cash or Non-IRA Funds

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states in Puerto Rico. Founder of CGO

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contractual guarantees only. You own an

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annuity for what it will do, not what it

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might do. Never be convinced to buy

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hypothetical non-G guaranteed returns.

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Question of the day is, how do you buy

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an annuity with cash or nonIRRA type

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funds?

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We're going to cover that, the details

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of that, and how we do that as a a team

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start to finish, taking care of

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everything, as they say, soup to nuts.

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from start to finish and I'll talk about

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that after this.

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So, annuities, there's many types of

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annuities. They solve for four things. I

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have an acronym that's easy to remember.

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It's pill. P stands for principal

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protection. I stands for income for

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life. L stands for legacy. And the other

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L stands for long-term care. And then

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also, I have two questions that I ask

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everybody. What do you want the money to

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contractually do? and when do you want

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those contractual guarantees to start?

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Now, most annuities can be used in Roth

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IAS, traditional IAS, and using nonIRRA

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money, which is what we're talking about

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today. There's only one that can't be

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used in in Roth IRA or or nonirra.

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That's a qualified longevity annuity

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contract that that's with traditional

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IRA type money. But when you're looking

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at cash, nonIRRA, savings account,

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checking account type money, first of

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all, you can't send a lot of cash. You

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can't FedEx, you know, a bunch of stacks

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of hundreds to buy an annuity policy.

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You can't do that. But you can write a

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check directly to the annuity company or

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wire the money directly to the annuity

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company. My team handles that from start

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to finish. There's two ways that can

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happen. Um, if you go to my site at

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theanuityman.com, you can do online

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applications for all of these products.

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You can run the quotes anonymously

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without putting in your information. But

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if you decide to move forward and lock

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in a quote, um you can do the the apps

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online. Now, once we get that app, we're

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[clears throat] going to give you a call

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just to make sure you're a real person

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just to validate information. Then we'll

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take care of everything from start to

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finish. Or you can if you talk with me

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on a call, you know, I can set an

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application appointment and somebody

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from my team will call you. It'll be a

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25m minute call. We do all of the

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questioning over the phone and then and

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then take the paperwork across the

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finish line for you. We're not going to

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send you a bunch of paperwork for you to

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decipher, but looking at cash, nonirra,

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etc. Just remember when we're doing the

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application, we represent all carriers,

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but the money never ever ever comes to

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us or touches our hands or comes to our

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office. It goes directly from where it's

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located, bank, brokerage firm, wherever,

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directly to the annuity company that you

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choose.

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We're just going to facilitate that.

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We're going to make sure it goes

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smoothly. We're going to make sure it

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goes from one to the other. And what we

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do that's unique that I don't think

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anyone else does. If your bank or

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brokerage firm or somebody um you know,

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if they if they charge some some random

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fee, you know, we have no problem, you

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know, talking to you about maybe

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reimbursing that. We don't do that all

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the time, but in some cases where where

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they're just being, you know, typically

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we can talk the the banks and those

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people out of those fees. Those those

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fees don't make sense. It's just a it's

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a keystroke. Um, but there's no fees or

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hidden fees or gotcha fees to move the

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money from from where it's at now to the

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annuity company that you choose. Okay.

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Our role is to,

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you know, establish the account. You

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know, if you do it online, we're just

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going to call to verify. If you do it

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through us, it's 25m minute phone call.

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We're going to put all of that together.

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We're going to send it to you for

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review. You're going to sign it, send it

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back. Typically, that is docuign type

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stuff encrypted. And then we're going to

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establish a policy number with the with

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the annuity company that you choose. And

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then we're going to coordinate the

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movement of the money where it is now to

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the annuity company.

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We're going to keep you updated on all

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that from start to finish and let you

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know when the policyy's issued.

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Typically that policy is hard copy and

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then we FedEx it to you. They send it to

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us and then we FedEx it to you.

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You're going to have online access at

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the annuity company that you choose

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because that's where your money's

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located. We just simply take care of all

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of that nasty paperwork. I hate doing

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paperwork. I mean, if you if you hate

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doing paperwork more than I do, then

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that's that's a big lift because I hate

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it. And one of the things I did when I I

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started this company is I made sure that

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the customer didn't get inundated with

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having to decipher where to sign and all

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that stuff. We do that. We do that for

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you. You know, you don't have to

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interact with the annuity company. We do

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that for you. If you need beneficiary

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changes, we do that for you. If you need

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income to start at a certain date, we do

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that for you. We coordinate it. We do

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all of it. If there's an address change,

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we do that for you. I always tell

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people, you don't want to call 1800

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Annuity Company and be on hold for an

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hour. Give give us the task. We have

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different phone numbers than you do

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because of who we are and we can get it

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done quickly for you. But how do you buy

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an annuity using cash, nonirra, checking

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account, savings account type money?

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That's the easy part. Transferring that

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directly to the annuity company. Once we

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choose the annuity company, the the part

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that we need to make sure that you're

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getting right is the right product, the

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right contractual guarantee, and

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shopping all carriers. If it's for

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lifetime income, it's got to be A+ or

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better. Okay? Um, if it's for MA's uh

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multi-year guarantee annuities, which

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are annuity type CDs, I call them

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annuity bonds, we can go a little bit

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lower on the rating because we're dating

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that carrier with lifetime income. We're

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going to marry that carrier. But either

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way, you can do the applications online

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or have us do the applications. So, you

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can use IRA money, you can use Roth IRA

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money, you can use

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non what I call non-qualified cash type

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money. And there's, you know, we need to

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talk eventually,

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um, unless you just want to, unless you

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know what you want, you can do the

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online app because there's some, there's

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some good tax benefits if you're using

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nonirra type assets. With IAS, you know,

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um, any money coming out is tax ordinary

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income streams or ordinary income levels

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with the income stream. But with nonIRRA

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like cash type money, checking account

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type money, savings account type money,

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there's some there's some pretty

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interesting tax benefits. For example,

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on the multi-year guarantee annuity, the

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annuity industry version of a CD, if

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you're using nonirra money, that

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interest grows and compounds tax

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deferred using nonirra money. with

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lifetime income. If you're like buying

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an immediate annuity or deferred income

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annuity and you're using cash, non

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nonirra money, the income is a

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combination of return of principal plus

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interest, you're only paying taxes on

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the interest. So, it's tax favorable.

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I'm not saying you use solely use cash

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and savings account, checking account

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type money because you can use IRA, Roth

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IRA, nonirra like we're talking about.

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But if you do choose to use nonirra

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money, there are some benefits with some

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of the products that that we can

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explain. If you want to do your own

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research, you can go to my site at

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theanuityman.com. You can download my

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free owners manuals where I talk about

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that. If you're interested, say, in a in

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an immediate annuity or a a multi-year

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guarantee annuity or income writer, go

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to my YouTube channel, just type in in

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the space bar what you're interested in.

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I've done hundreds of videos on all of

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that. You can go down the rabbit hole.

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But between the books, between the

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videos, and between the access with me,

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and now that we have virtual Stanley on

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the site, which is an avatar you can ask

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247 365 questions with my answers,

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you're going to get the answers that you

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need. You're going to be able to make an

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informed decision on your terms and your

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time frame. But yes, you can. I think

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the biggest takeaways from this is money

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never touches our hands. We take care of

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all of the paperwork from start to

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finish. I have the best staff in the

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business. Yet, we also allow you to do

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it online if you want to do the

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application online. We're just gonna

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have to make one phone call into you to

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make sure it's you. Okay? And just to,

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you know, validate that. We have to do

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that legally.

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Um, but yeah, you can use any type of

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money, IRA, Roth IRA, nonirra, nonirra

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has some advantages with migas, again,

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the tax deferred uh compounding

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interest. And with lifetime income, the

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fact that you're only going to pay taxes

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on the interest portion, not the not the

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principal portion. Hey, that's a good

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deal. You need to take a look at that.

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One last thing, um been talking about

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the technology a lot during this video.

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I did a video on the technology. You

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know, the cool part about what we're

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doing now is there's a Google u my the

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guy who runs the company's now he's he's

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from Google. So he left the Gemini

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division, the AI division, and convinced

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them to come over here because the

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annuity industry is old and stodgy and

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and boring. And that's good, you know,

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because it's contractual. But I'm like,

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let's push the envelope and give the

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consumer a choice between do you want to

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interact with us humans, me, or do you

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want to do it yourself? And you can do

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both. You can combine it. But what we've

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done now is we've given you the choice.

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We're the only ones that's given you a

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real choice to do that. and then have

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virtual Stanley on on the site that you

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can ask questions 247365.

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You can also email me direct if you want

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to 247365. I'm 62 years old so I don't

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sleep that much. So I might you you

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might shoot me an email too and get a

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response immediately. You never know. So

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um proud of that. Proud of what we're

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doing and I hope that you will give us

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the opportunity to earn your business.

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My name is Stan the Annuity Man. We'll

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see you next time.