How to Create Your Second Social Security Pension Payment

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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. Today's topic is a very good

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one. How to create your second Social

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Security pension payment. Wouldn't that

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be nice? You know, everyone says, "Well,

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I really hate annuities, but I love my

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Social Security." Uh, hypocrite much.

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Social Security is the best inflation

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annuity on the planet. It pays as long

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as you are breathing. In essence, it's

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the government version of an immediate

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annuity.

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Okay. So, if you say, "Okay, Stan, I

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want a second one of those," then we

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need to look at single premium immediate

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annuities, which is a very simplistic,

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easy to understand, excellent,

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proconsumer product that the commissions

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that are built into the product are

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very, very small. Okay? And some of the

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biggest carriers and the strongest

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carriers on the planet are very

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competitive in that immediate annuity

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space. So single premium immediate

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annuity equals social security. They

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work the same. They're they're the same

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duck. Okay. One's just issued by the

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government. Not going to comment on

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that. And the other, the immediate

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annuity is issued by an insurance

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carrier, a life insurance carrier. Life

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insurance company issues annuities. Now,

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with immediate annuities, our

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recommendation is to lock in immediate

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annuities that are rated A+ or better.

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A+ or better and that's typically an A

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and best type rating. But we also have

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our own internal scorecard that we look

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at financials and administrative issues

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with these companies and we'll let you

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know if it's a good company to go go

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with not only financially but also

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administratively etc. Even though my

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team handles all of that. So if you want

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to create a second social security

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payment, you can do it two ways with an

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immediate annuity. You can say, "Hey

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Stan, um I've got X amount of money.

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Let's just say $200,000, $100,000. I

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want to see what that will pay. You can

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run that quarter on our site or you can

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have us run it for you. You can also

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say, you know what, we need me and the

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wife need $500 extra per month for the

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rest of both of our lives. Kind of an

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inflation hedge thing. You can run

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quotes on our site or we can run them

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for you to solve for that $500 a month.

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In other words, going out to all the

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carriers and finding out how much money

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lump sum it will take to create that

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$500 a month payment.

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also put it in the back of your head

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right now. You can put an immediate

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annuity structure.

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You can use non-qualified nonirra money.

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You can use IRA money. Okay, which means

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that when the payment comes out of the

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IRA, it's taxable, but you can use IRA

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money. And you can also buy an immediate

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annuity with Roth IRA money, which means

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that the payments would be taxfree

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because you've already paid the upfront

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taxes on the Roth IRA.

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So, you need to think about what's your

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income floor. What's the income floor

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that you need? What's the amount of

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money every single month that will pay

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the bills?

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You don't have to worry about it. And

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also create the lifestyle that you want

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if so fortunate. Okay? You got to think

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of that. Now, then you go backwards and

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say, "Okay, we're getting this from

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social security. We're getting this from

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a pension if so fortunate. We've got

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dividend income. We've got rental

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houses. We got this side hustle where we

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sell snow cones on the side of the road

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on a Saturday, whatever you're doing.

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Okay, we've got all this income, but

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we're missing this amount. Okay, that

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second social security pension lifetime

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income, we're missing that part. That's

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where a single premium immediate annuity

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comes into play. Now, with that

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structure, you can have income start as

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quick as 30 days from when the policyy's

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issued, or you can defer out as long as

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one year with a single premium immediate

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annuity. Also, remember this, interest

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rates play a secondary role. Let me say

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that again. Interest rates play a

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secondary pricing role with immediate

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annuities. life expectancy or if it's

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joint life expecties

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drive the train, drive the pricing

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train. So, in other words, the older you

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are, the higher the payment. The the

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life insurance company's saying, "We

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think you're going to live to here and

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you're saying, "I'll take that bet

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because if I live to here, if I live

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forever, the annuity company's on the

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hook to pay." That's the benefit

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proposition of buying a lifetime income

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stream with a single premium immediate

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annuity because it works the same as

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your social security. As long as you are

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[gasps]

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breathing, social security will pay.

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With immediate annuity, we can structure

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it as long as you are breathing is going

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to pay and you can set it up joint life.

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We can also structure and customize it

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so that if and when you die ear if let's

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just say you die early in the contract

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or you die before the income starts you

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want to defer it 6 months and you die

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month four we can structure it

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contractually that 100% of any unused

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money goes to your listed beneficiaries

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and the evil annuity company never keeps

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a penny a lot of people say I would

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never buy an amaz because when the

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company when I die company keeps money.

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That's wrong, Chester. Yes, you can

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structure it like that. That's called

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life only. But the vast majority of our

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clients don't do that. They've worked

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really hard. We do have some people go,

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I hate my son and I hate my daughter and

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I hate my wife and I want life only.

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That's fine. That's your call. But most

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people want to make sure that 100% of

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that money is going to go to someone in

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the family. It'll go to you if you live

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forever. And if you die soon, it goes to

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the beneficiary. So, that's the way to

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create a second social security pension

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payment. It can be done. Go to

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theanuityman.com to run those quotes and

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see what it would take to get that done.

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And then if you want to schedule a call

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with us, we'll walk you through, answer

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all the questions that you have, and

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then leave you alone to make a decision

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on your terms and your time frame. We

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are not a hammer looking for a nail. We

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want to educate you and we want you to

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make a good decision. My name is Stan

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the annuity man. I will see you next

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time.

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