How To Turn Your 401(k) Into A Lifetime Income Stream

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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 of Puerto Rico. Today's topic

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is a good one, is how to turn your 401k

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into a lifetime income stream. At least

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you need to know how to do that because

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the 401k

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is not a lifetime income stream. I mean,

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you've accumulated. So, how do you do

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that, Stan the Annuity Man? We're going

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to go over that in detail after this.

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So, a little education here. Uh, 401ks

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are called defined contribution plans.

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Um, a long time ago, there was such a

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thing as a defined benefit plan. Defined

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benefit plan was actually a pension.

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Remember the days where grandpa worked

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for the company, got the gold watch and

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the pension? That was a defined benefit

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plan. And typically,

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um, that's not offered anymore. that was

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replaced by the defined contribution

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plan which is the 401k and and 401k has

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sister products like 403b 457 depending

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on where you're working um like if

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you're a teacher you have a 403b etc but

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they're all accumulation products you're

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trying to grow your money over time and

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then when you retire you have this huge

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lump sum hey what do I do with it stand

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the annuity man well most people and

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there's 15,000 people hitting age 65

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every single day. They're looking for a

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lifetime income.

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They need a pension because their

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company didn't offer the pension. And

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the reason companies went away from

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defined benefit into defined

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contribution plans, you can just

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understand that's a moneysaver for

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companies. Okay. Um, and full full

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disclosure at the annuity man, my

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employees and I got the biggest staff in

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the country all under one roof and there

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we have a defined contribution plan,

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401k plan.

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Now, we do have a a generous bonus plan

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as well that uh I think makes up for a

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lot of things, but the the point is a

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lot of you out there have this big 401k.

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What do I do with it? How do I how do I

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go about turning that into a lifetime

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income stream? Well, we ask two

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questions with every single person. What

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do you want the money to contractually

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do? and when do you want those

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contractual guarantees to start? So,

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let's just say you said, you know what,

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I'm retiring

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um this in two months and I need income

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to start a month after that. Okay,

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that's a single premium immediate

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annuity. So, what we would what I would

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do with with with you is I'd say, okay,

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um what's the amount of money you're

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thinking about quoting or better yet,

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what's the amount of monthly income

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you're trying to create?

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And we can run a reverse engineer quote

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solving for that dollar amount

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contractually using the least amount of

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money. It's really that simple. And the

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annuity quotes or commodity quotes. We

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quote everybody. Um you know we just for

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lifetime income it's A+ or better

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period. I mean you need quality

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companies. So A+ or better. So we'll

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quote all companies A+ and then choose

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the highest number. Now the other thing

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that you'd have to tell us is how do you

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want it structured? Do you want it your

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life? Do you want it joint life? Do you

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want when your lerjet hits the mountain

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or your, you know, 57 hot rod hits the

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tree and you die, money goes to the

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beneficiaries? We can set it up that way

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as well. Because a lot of you might

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think that the annuity company keeps the

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money when you die. 99% of our clients

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did not structure their annuity lifetime

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income payments like that. The 1% that

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did told us why. And had a had a lady

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the other day had worked her whole life

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at as a as a nurse. she was not married,

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didn't have any kids, didn't have um

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beneficiaries, and she just wanted the

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highest payment, then we did life only.

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So, we'll have to have those

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conversations and go to my site. You can

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either email me [email protected]

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or you can schedule a call and we'll

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have that 30 minute conversation so that

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I can understand what you're trying to

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achieve and we can run those quotes for

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you or you can run them on my site

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yourself. Um, we have an interesting

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quote system that we don't require you

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to give us your name or your email or

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your phone. You can just put male,

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female, whatever, and your date of birth

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in your state and get the quote. Pretty

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cool. Pretty gamechanging because nobody

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else does that. Uh we do not want to um

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we don't want you to not find out what

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the number is because you don't want us

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to get your email address. We don't want

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your email address or your phone. If you

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want to give us that, that's fine. You

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just book a call, schedule a call. But

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you don't have to do that to get the

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quote. So, how do you turn your 401k

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into a a lifetime income stream? Let's

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just say we go through that process. You

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go, you know what? Let's do that. But I

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don't want to pay taxes, Stan, on that

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401k money moving. Well, you do not have

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to because a 401k in essence is is in

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the IRA family. So, there will be an IRA

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established for you at the receiving

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annuity company and it's a non-t taxable

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event transfer that my team takes care

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of it for you from start to finish. And

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they are the best. I have the biggest

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staff in the country. All under one

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roof, no one virtual.

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All in Las Vegas, Nevada. Open 12 hours

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a day, Monday through Friday, and eight

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hours on Saturday. We're open 68 hours a

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week so that we can help you on your

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schedule. You work around we'll work

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around your schedule instead of you

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having to work around our schedule.

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That's unmatched and unheard of. Okay.

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So, let's let's kind of go backwards

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again. You might say, "You know what,

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Stan? I don't need the income until

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three years from now or four years from

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now or 10 years from now. We'll still

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run that quote. It's still a non-t

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taxable event transfer. And then the

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income that's coming from that annuity

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would be taxable. Just the income

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amount, not the total, just the income

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because you've been deferring that 401k

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all this time. When you go toward

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retirement, you need to be thinking

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about your what I call your income

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floor. Your income floor is social

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security, a pension if you're so

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fortunate, and then annuities. What's

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hitting your bank account every single

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month like clockwork.

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Now, let's talk about another thing,

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inflation. There's not an annuity

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product that solves for inflation. You

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can add what's called a cost of living

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adjustment, cola, writer increase, but

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the annuity company doesn't give that

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away. They just lower the payment. But

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we'll show you that if you want to see

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that, but it's not too good to be true.

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Um, anyone says they have a product that

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adjusts for inflation's lying to you.

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Just they just are lying. But the the

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transfer is non-T taxable event. You can

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lock in guarantees. You can set it up

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joint life with your spouse. You can

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make sure that 100% of any unused money

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goes to your listed beneficiaries.

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If you're getting close to retirement

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and you're looking at that 401k lump

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sum, you need to start thinking about

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what type of lifetime income do I want?

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How much do I want? and when does that

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need to start? And then we can help you

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along the way and get you those quotes,

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lock in those quotes, and then take that

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application across the finish line. And

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then you don't have to do anything other

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than just read your emails as we update

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you on the process. My team will take it

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from start to finish, including the

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transferring of the money, which would

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be a non-taxable event. Go to my site,

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run those quotes. Go to my site,

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download books. I have free owner

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manuals. easy to read, like 50, 60 page

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owner manuals on each type. And I've

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done all kinds of videos. If you want to

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go to my YouTube channel and just type

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into the space bar, you know, how to use

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annuities in retirement, 401k annuities,

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whatever you want to type in. I've done

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I've done tons of videos that can help.

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But at the end of the process, I'd like

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to talk to you. Book a call or email me

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stantheanuityman.com.

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Get me involved. Let's talk. you know,

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no cost, no obligation, no obligation,

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no pressure, just facts. That's all.

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It's all I do. Just going to tell you

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the truth and then leave you alone to

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make a good decision on your terms and

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your time frame. One last thing,

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spinning above my head is a clock and

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you're going to see magically appear.

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Another video that I think you get a

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kick out of. It's called attention all

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annuity haters. You You already own an

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annuity. So, take a look at that. We had

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a lot of fun with that one because I

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always like walking through the airports

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with my iHeart Annuity Haters t-shirt

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and people give me thumbs up and yeah, I

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hate them, too. And I'm like, you're an

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idiot. You're hypocrite. Yeah. Um

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because you already own one. All of you.

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All of you own one. It's called Social

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Security, but you might own more. That's

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a pretty good video. So, do me a favor.

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Keep tuning into these videos. I do one

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a day. Every day. Think about it. Monday

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through Sunday. Um, you're going to see

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a brand new video. You can either go to

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my YouTube channel and watch it there.

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You can go to my website at the annuity

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man and watch it there because it it

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populates the new one every day. So, do

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that. Reach out to me. Don't be afraid.

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You know, I look scary. I got the goatee

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going now. You know, midlife, it's not

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midlife crisis. That mean that means I'd

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be 124.

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That's not going to happen. Unless,

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please, AI, please. Um, but seriously,

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hang in there with me. get educated and

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if you want to engage, engage with us.

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I'll respect your decision. Whatever you

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If you want to go with us, great. If you

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don't, that's fine. But you're going to

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learn a lot. All right. My name is Stan

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the Annuity Man. See you next time.