How To Create A Retirement Income Plan

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Hi there, Stan the Annuity Man, America's annuity agent, licensed in all 50 states,

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top agent, top independent agent in the United States. Today's topic is how to create your own

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income plan. How do you do that, Stan the Annuity Man, in a pensionless world where 91% of us don't

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have a pension in place from the company? I'm going to tell you how to do that in a contractual

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fashion so that you don't have to worry at night and you can sleep like a little baby after this.

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So, how do you create a retirement income plan? I hear somebody in the background. I

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think you know who that is. I call him VS, the Venezuelan S. He is

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so happy he's just humming in the background because he can't contain his happiness. Check

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the date of this and you'll know why. But we love VS, man. He knows,

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and Big C behind the camera. But let's talk about creating a lifetime income portfolio or

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creating a lifetime income plan. I think the key word here is plan, right? This isn't an

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exercise plan that we're going to try to start and then stop five days later. This isn't a diet

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plan that we're going to think about but never do. This is an income plan. This is important.

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This is your life. This is chapter two, which is about you. So, it's important for you to

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understand the products that are out there that will achieve what you want to achieve.

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So, I always ask two questions to people. We only have two. We're very, you know,

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we're very simplistic at The Annuity Man. And the two questions are, number one, what do you want

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the money to contractually do? Let's just say in this case, the answer is income. Because annuities

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solve for four things: principal protection, income for life, legacy, and long-term care. The

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acronym is PILL. So, we're talking about income. What do you want the money to contractually do?

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Income. When do you want those contractual guarantees to start? So, when do you want

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that income to start? That's key. It could be 30 days from now. It could be 10 years from now or 15

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years from now. Either way, whatever you decide, we're going to customize that quote to you. If

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you go to theannuityman.com, you can run quotes yourself. You can schedule a call with my team of

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experts who are not on commission, but they are all licensed in all 50 states. And they'll use

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their ears and mouth in proportion two to one. And we'll listen to you. We'll put together something,

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and then we'll let you review it and make your decision on your terms and on your time frame.

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But how do you create that? You have to answer those two questions. We need income to start now,

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or we need income to start in the future. Let's look at the income now part because really that

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comes down to income now or income later. So, income now, when you're creating your plan,

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that really comes down to one product. Income now to me is 30, 60, 90 days from today you

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start getting that lifetime income stream. That is a single premium immediate annuity,

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acronym SPIA. Now, Johnny Appleseed agent is going to try to sell you an

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index annuity with an income rider instead of an immediate annuity because the built-in

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commissions double or triple. Okay? But I'm telling you, 99.99999% of the time,

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SPIAs are going to provide the highest contractual guarantee on the planet. And that's all you're

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going to buy. You're going to buy what it will do, not what it might do. Not the back-tested numbers,

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hypothetical, theoretical, if you'd owned it 10 years ago, unicorns chasing

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the butterfly numbers. That crap that you hear, throw it away. It's all garbage. Okay?

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And if you want to buy it, I would recommend doing this. Then write

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down everything Johnny Appleseed agent said or Joanne Appleseed agent said, the

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way you understand and hear it. Sign it, flip the paper, have them sign it,

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and date it. That pen will weigh 1,000 pounds. There's a lot of fluff out there. There's no

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fluff with The Annuity Man. Do you see fluff? This is steel wrapped with tiger flesh, right,

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Big C? That's not true. That's the reason I'm wearing the jacket to cover up all this. Okay.

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The point is buy the contractual guarantees. So, if it's income now,

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you need a single premium immediate annuity. It can be structured over 45

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different ways. And I know some of you go, "Well, I've heard of immediate annuities,

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Stan." Of course you have. They've been sold here for 300 years. Okay. "Well,

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if I die, money goes poof." Well, that's one of 45 ways to structure it. 99.99999% of the time,

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we'll structure it so that 100% of any unused money goes to your list of beneficiaries, and the

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evil annuity company does not get a penny. Now, if you say to me, Stan, I hate my beneficiaries,

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I hate them, then we'll do life only, okay? It doesn't matter. But most people want to make

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sure that 100% of that money goes to the family if they die early, or they're going to get paid

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for as long as they're breathing, or if it's joint life, as long as one of you is breathing.

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That's income now. Income later, three products. Deferred income annuities,

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which is an immediate annuity that you defer. Same structure. Qualified longevity annuity contract,

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which is a deferred income annuity inside of an IRA. And then income riders,

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which every jackleg out there is trying to sell you. Okay? I'm not saying they're bad. In fact,

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I do live events on income riders and explain all those. They're not bad. They're just not a

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one-size-fits-all, if you know what I mean. Income riders mean it's writing on top of a

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policy. And typically that policy is either a variable annuity, of which we do not sell,

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or an index annuity, which we sell, but only with income riders. Okay? We don't sell them

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as a standalone yet. I'm waiting for the companies to approach me with a product

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that we approve. But right now, we just look at the income rider contractual guarantees.

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So, when you're building that income portfolio, it's either income now or

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income later. When do you want the income to start? And then from that,

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how much income do you need? Are you thinking, well, I've got this lump sum,

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I want to see what that creates? Or we need a specific monthly amount. Then we could do

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a reverse engineer quote. You can do it on our site as well to find out who's going to

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contractually guarantee that amount with the least amount of money, A+ or better rated.

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Annuity buying, purchasing considerations are simple. The people in our industry make

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it difficult. It's simple. These are contractual guarantees. These are commodity products. None's

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better than the other. People say, "What's the best annuity right now, Stan? What's the best one?" And

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I say, "The best one is the one that provides the highest contractual guarantee for you,

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Ernie." Period. End of story. Name doesn't matter. We know we're going to do A+ or better

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for lifetime income. So, name, I don't care. Great companies out there. Period.

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So, building your income portfolio is very, very simple. You just have to answer a couple

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of very basic questions. And if you don't want to speak with anybody, go to my site

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at theannuityman.com. Run the quotes to your desire. If you want to engage with one of us,

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engage means call. Not like engage. Call. Then you can hit the Schedule a Call button. Tell

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us when to call. We'll call right on the dot. We're never going to chase you. We're

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never going to call you without you scheduling a call. How about that? How about that agreement?

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Do me one last favor. See above me that little thing floating that my editors, Big C and VS,

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Venezuelan S over there, that they do with magic, with data, with computers. Click that,

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and I'll tell you the full story about the Stan the Annuity Man experience and what

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you can expect at The Annuity Man. Are we perfect? Absolutely not. Do we take shots?

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Basketball analogy. Absolutely. But we care about your money, and if there's a problem, we'll

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fix it. How about that? That's coming from the owner, Stan the Annuity Man. See you next time.