Is An Annuity Considered A Retirement Account?

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So, Stan the Annuity Man, is an annuity

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considered

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a retirement account? That's a good

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question. Hi there, I am Stan the

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Annuity Man, America's annuity agent,

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licensed in all 50 states in Puerto

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Rico. We're going to answer that

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question in a myriad of ways as only I

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can do after this.

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So Stan the Annuity Man, is an annuity

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considered a retirement account?

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I don't think so. Let me explain. A

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retirement account is an individual

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retirement account. IRA or a Roth IRA.

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That's what I consider a a retirement

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account. However,

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an annuity can be considered a

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retirement part of your retirement plan,

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but I don't think it's your retirement

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account. Your retirement account is

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really the overall picture of what

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you're doing. Whether it's putting in an

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income floor, investing in the market,

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transferring risk for principal

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protection, etc. Remember, annuities

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solve for four things. The acronym is

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PIL. P stands for principal protection.

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I stands for income for life. L stands

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for legacy. The other L stands for

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long-term care. And then we ask two

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questions. 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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Okay. From that, we're solving goals

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contractually. We're not we're not

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buying anything for non-G guaranteed

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returns. And you should not either with

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annuities. And there's three types of

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annuities that promise non-G guaranteed

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returns. Don't do that.

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Don't do that. If you want market

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growth, go get it. It's not with

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annuities. Never buy an annuity for

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market growth. The retirement account

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part of annuities should be that income,

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lifetime income part. In my opinion,

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that should be the first place you think

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about because annuities have a monopoly

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on lifetime income. It's the only

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product that provides only category that

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provides lifetime income. There's four

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types of annuities that do that. Single

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premium immediate annuities, acronym

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SPIA,

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deferred income annuities, acronym DIA.

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qualified longevity annuity contracts

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acronym QAC and then income writers

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which are attached to policies and

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typically we attach them to index

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annuities. We don't care about the index

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annuity. We only care about the lifetime

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income guarantee of the income writer.

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Okay? But when you're putting in your

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income floor, which would include social

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security, the best inflation annuity on

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the planet, you already own it. And if

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you have a pension, that's another

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annuity for life that you already own.

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What you what you have to think about is

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do I need more lifetime income? Do I

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need to transfer risk? See, annuities

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will pay for as long as you're

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breathing. Even if you're on a

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respirator or an iron lung, for goodness

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sakes. In fact, reason I bring up iron

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lung, I read the other day the last

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surviving person that was living off an

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iron lung. If you don't know what that

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is, look it up. They passed. So, I don't

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know what I mean there's a there's a

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warehouse somewhere with a bunch of iron

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lungs in there. I don't know what you're

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going to do with that. I guess melt them

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all down for for steel or whatever. Boy,

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I digressed on that one. But it's pretty

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interesting factoid as they say. But an

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annuity, I hear people always say,

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"Well, Stan, you know, I'm looking for a

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retirement annuity." Okay, I don't know

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what that is, but tell me what you're

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trying to solve for, and then we'll put

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it in that box if you want to. A

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retirement annuity could be a multi-year

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guarantee annuity that protects the

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principal, and you just let it grow and

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compound, or you take the interest off.

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A retirement annuity could be a lifetime

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income stream product, single premium im

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immediate annuity for you and the spouse

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to pay for your life. And we'll set it

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up to if your LER jet hits the mountain,

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the money that's left in the account

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goes to the beneficiaries. A retirement

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annuity could be something that you put

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in place just for legacy because you

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can't qualify for life insurance. But do

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I really consider it a retirement

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account? No. I consider annuities part

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of your retirement, part of chapter two

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of your life. And remember, chapter two

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is about you. And there's three phases

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of chapter 2. Go, slowgo, and no go. No

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go is you're drooling on yourself and

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crapping into a diaper. I didn't believe

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that was true until I saw my dad, who

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passed away nine years ago, wearing a

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diaper. Baddest dude on the planet,

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meanest dude on the planet. He's wearing

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a diaper. That's the reason I always

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tell people, most of you have a spending

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problem. You don't have, you've got

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money. You just have a spending problem.

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My wife and I have a spending problem.

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We grew up poor. North Carolina poor and

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Nebraska poor. We didn't know we were

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poor. We thought we were okay until I

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guess we found out we weren't. You know

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how that is when you're a kid. You don't

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know you're poor until you find out

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someone tells you you're poor. Um

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because we had food and we had clothes

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and you know, we didn't have the best of

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anything, but we had we had enough,

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right? So that's I I look back at that

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and I guess with social media it's

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really bad now because you know we

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didn't know what the other people had.

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Like today you know what everybody else

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has and if they don't have it they say

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they have it and they show it to you.

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It's kind of sad actually.

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But you know we have a spending problem.

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You have a spending problem. I was

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talking to my wife the other day and and

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you know she's always her number one

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topic right now is my death which is

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scary but I understand she's like you

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know it it you know he's working all

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these hours and he he's crazy and he

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does all these videos and he travels and

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all this stuff. Is he ever going to shut

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it down or is he just going to drop

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dead? I'm going to drop dead and and the

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guy behind the camera is going to keep

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filming me because he's been instructed

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to do that which is cool. Um and that'll

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go viral. It'll go viral once because

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death is not a good strategy. But she's

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always asking me, you know, if you die,

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tell me again the money. And I show it

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to her. I'm like, here's the money.

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Let's say you live 35 more years, you

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got to spend X per day

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to run out. And if you don't spend all

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of that that day, it rolls to the next

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day. She's like, really? Yeah. I did the

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same thing with my mom when my dad

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passed away and she'd never done

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anything with finances. I sat her down.

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I said, "Mom,

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everything's autopay. Set that up for

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you. I'm taking care of everything. I'm

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paying for your iPhone. Here's your

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money. And if you don't spend I think

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the numbers I think it's now it's 350 a

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day. If you spend $350 a day, you're

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never going to run out of money. But she

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goes, "What if I don't spend that? What

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if I sleep in and I'm sick and and I'll

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spend it today?" I said, "Well, then

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tomorrow you have to spend 700."

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Get it, Mom? It took her two years, but

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she finally got it.

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So, going back to the original question,

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which is, is an annuity considered a

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retirement account? It's considered part

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of your retirement. Even if you don't

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buy an annuity from us and you're never

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a client of ours, which would be really

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sad and tragic. Okay? You already own

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the best inflation annuity on the

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planet, which is social security, which

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is no one ever complains about social

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security. They just like the money

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coming in. They like the fact that it's

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increasing. Politicians increase it to

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get your vote. I always say that's the

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best inflation annuity because it's not

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actuarial, it's political and oh by the

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way I'm contractual only look at

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contractual guarantees but it's part you

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already have an annuity that's part of

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your retirement. The question is, do you

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need other types of annuities to enhance

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chapter two? I hate the word retirement.

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Chapter two of your life because chapter

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two is about you. Chapter two might mean

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just protecting the principle with

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migos. Chapter two might mean mean

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lifetime income. For all you a

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personality males out there that have

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that are married to the the lovely queen

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like I have that don't care about

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markets or anything, you might want to

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think about setting them up. I'll give

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you another one. I'll close with this.

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Annuities are part of your retirement.

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Annuities are part of chapter 2. But

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annuities can also help

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your beneficiaries and your wandering

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ambiguities, as I call them. Children

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that don't need the lump sum. My two

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daughters, they're princesses. They're

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30 and 28 at the time of this taping.

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But when I die, when my ljet hits the

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mountain, which I'm leasing, no, I don't

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own it. I don't even lease, but I'd like

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to. When I die, there's an immediate

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annuity that's going to be purchased for

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them for a lifetime income stream. Not a

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lump sum, lifetime income stream. My

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joke is always this. They're going to

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show up at my funeral driving a Ferrari

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and a Lamborghini brand spanking new.

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But what I do know is they're not going

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to buy it with a lump sum. They're going

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to be paying it paying a payment on it,

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which is also terrible. And the reason

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they're paying a payment on it is

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because I made my trust my trust buy a

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lifetime income stream annuity for them.

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lovingly handcuffing your beneficiaries,

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as I call it.

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Annuities are part of your retirement

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plan. They have to be. They already are.

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With Social Security, the question that

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you have to ask is, "Do I need another

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one? Do I need to enhance what I have

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from a contractual guarantee? Do I need

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to transfer risk?" Do me a favor. Go to

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go to this video spinning clock. I did a

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video on the technology that we're doing

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at the annuity man. And you're saying,

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"Hey, Stan, you big redneck. You're not

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doing it. Who's doing it? Because it

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ain't you. You're right. The guy who

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runs my company is an ex Google guy.

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He's very smart, young. I got cowboy

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boots older than he is, but he's good. I

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don't know if he can spell annuity, but

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he knows technology. And what he's done

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with my site is fantastic. First of all,

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it looks like a rock and roll site,

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which is cool. Go to theanuityman.com.

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You can download books. You can watch

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videos. You can you can run quotes

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anonymously without putting in your

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name, email, or phone number. You're

9:26
going to get real quotes. These aren't

9:27
estimates. These are real quotes. just

9:29
put in your your date of birth, gender,

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and state of residence. You can look at

9:33
the live MGA feed without putting in any

9:35
information. So, you can run those

9:37
anonymous quotes, but you can also do

9:39
applications online if you want to. You

9:41
don't have to. But what what this guy's

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done is given you the choice. You can

9:46
either use us. We're open 12 hours a

9:47
day, Monday through Friday, eight hours

9:49
on Saturdays. This is 68 hours a week.

9:51
Got the biggest staff in the country all

9:53
under one roof. You can use us humans or

9:55
you can do technology or you can combine

9:57
it. On the site there's a virtual

10:00
Stanley.

10:01
Virtual Stanley. On the site, bottom

10:04
righthand corner, you'll see the little

10:05
caricature. It's me wearing my little

10:07
tracksuit and the hat. But you can ask

10:09
Virtual Stanley 247 365 questions. And

10:13
guess where the answers came from? my

10:15
2,000 videos, my my seven books that

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I've written on annuities, my 400

10:19
articles I've written on annuities, all

10:21
the podcasts I've done on annuities, fed

10:23
it into virtual Stanley, and keep

10:24
feeding him daily these videos. So, you

10:28
can ask him questions. You can do online

10:30
apps or you can schedule call with me,

10:33
the real Stan, and you can schedule a

10:35
call with my team to do the app. It's

10:37
your call. It's your decision, but we're

10:39
giving you the choice and we're the

10:41
first ones to do it. and we're just

10:44
getting started. Excited. I'm excited

10:47
for you, boy. I want you as a client,

10:48
obviously, but on your terms and your

10:50
time frame. So, if you're a techie

10:52
person, we got you. If you're not a

10:54
techie person like me, we got you. We'll

10:55
take care of you. My name is Stan the

10:57
Annuity Man. We'll see you next time.