Retirement Annuity Contract And Tax-Free Cash

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Retirement annuity contract and taxfree

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cash like the guy on TV. I can just see

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him. Retirement annuity contract and

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taxfree cash.

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Hi there. I'm Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states. We're going to nail this

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topic against the wall and then beat it

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with a baseball bat. I'm going to go

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over a couple things you got to be aware

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of out there. Um, but I saw this title

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that my consultants, lawyers, hangers,

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honors, groupies choose for me and I was

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like, "Okay, I can do that one. That's

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going to be fun." I'm going to try not

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to yell though because sometimes I blow

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my voice out on these type of topics

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because they make me mad. They make me

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angry. They make my cortisol levels go

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up. My My wife's like, "Your cortisol

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levels going up?" Like, "No, I'm pissed.

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That's what that means. It's not

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cortisol levels." Lovely wife of 38

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years. Okay, enough about her. We'll

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talk to you after this.

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[music]

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Okay, so a lot of sales [ __ ] out

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there. Most of them are crapola.

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That's Italian, I think. Dr. V behind

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the camera. Crapola. Talking about

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retirement annuity contracts and taxfree

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cash. Taxfree cash. I just like saying

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that.

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Taxfree cash. Okay, let's let's break

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this down a little bit just so we give

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some foundation, you know, some context

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for the tax-free cash.

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Um, [laughter]

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life insurance companies issue

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annuities. Life insurance, the death

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benefit from life insurance is tax-free,

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lump sum. I always tell people life

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insurance is the best investment return

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you're you're ever gonna you're never

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going to see because you're dead.

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It's great, but it it's it's a tax-free

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lump sum probate free to your

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beneficiaries. If I show up dead, Dr. V,

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just out of the blue, like random,

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somebody in my family off me because

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there's a huge term policy behind me.

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You're walking around. That's the reason

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I wear helmets everywhere. You know,

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this is actually not a hat, it's a

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helmet. Taxfree cash though, there's a

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lot of sales pitches. You'll hear well

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you know the you know this this the

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Rockefellers use this this method to get

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taxfree income and what they're talking

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about is life insurance like index

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universal life whole life and they're

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saying you could take loans from the

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policy and that's taxfree cash that's a

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loan it's not taxree cash

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always tell people if you go God called

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me the other day I said um and he was

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arguing with me no that's taxree son I'm

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going to tell you right now it's taxree

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okay great when you go go to the bank

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and you and you take a loan out from the

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bank and you start taking money from the

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loan, is that tax-free income? And the

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guy goes, "Well, heck no. That's a loan

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from the bank, son. What do you think I

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am, stupid?" Said, "I'm gonna hold on

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that comment." Then I said, "Okay, you

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put money in a life insurance policy,

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you take a loan from the life insurance

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policy. Is that tax-free cash, Ernie?"

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Ernie goes, "Yep." I went, "Huh?"

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No, that's not taxfree cash.

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Annuity contracts for t taxfree cash can

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only happen one way. Dr. V, this is for

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you. Uno way. Unoola.

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Okay. Dr. V is from Venezuela. He speaks

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fluent Venezuela. Okay. So, uno.

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And that's doing an immediate annuity

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inside of a Roth IRA. You've already

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paid all the you're a patriot.

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I'm pay my taxes.

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You paid all these taxes to convert into

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a Roth IRA. The only way for tax-free

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income is to have an immediate annuity

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or one of the four income products.

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Actually, three because one you can't

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use in there. Qualified longevity

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annuity contracts cannot be used in Roth

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IAS, but income writers can. Deferred

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income annuities can. single premium

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media annuities can inside of a Roth IRA

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and that's all taxree because you paid

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all this patriotic upfront c taxes on

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the Roth

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that's the only way everything else is

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bullshittio

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that's Venezuelan for cropola which is

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Italian I'm fluent I know what you're

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saying you're so multi-talented how do

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you do it I don't know you know I just

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speak languages I mean I can pick up a

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language like that, like bullshittio.

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You didn't even know that was a word.

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Here's the problem. Roth IAS,

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great. Love it. I think 20% of the

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public has Roth IAS in some form or

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fashion or level. Okay, that's great.

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But what if they change the rules? I

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hope they don't. I hope you're

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grandfathered in. At the time of this

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taping, they've not changed the rule.

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They, meaning our politician friends.

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But I'm waiting. I'm waiting for this

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speech. You know, I should really should

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run for office under the contractual

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guarantees only banner and party.

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Contractual guarantees only. Stand

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there, man. I tell you what, if that

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happened, the debate stayed. That would

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be a fun one because it would be brutal.

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Okay? I would I would destroy the

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journalist on facts and contracts.

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But here's the here's the politicians

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standing up. Ladies and gentlemen,

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I'm here to tell you that the rich

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people, the evil rich,

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they have something called a Roth IRA.

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And a Roth IRA allows them tax-free

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benefits. They don't pay taxes anymore.

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Now, they're going to leave out the part

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that you've paid a ton upfront to

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convert it into the Roth IRA. Hey, but

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you know, those are detail. Those are

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political details. and they're going to

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say, "And that's not fair." In fact,

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Peter Theal, a billionaire,

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multi-billionaire worth hundreds of

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billions, he has a Roth IRA worth $6

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billion, which means that $6 billion,

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this is true, by the way, that $6

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billion is taxfree. That's not fair.

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That's not fair to the rest of us. And

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you know what? In the world we live in

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of stupid people, they're going to win.

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In a world that we live in that 54% of

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the public doesn't have a checking

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account,

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they're going to win. In a world where

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65% of the people have $10,000 or less

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to their name, they're going to win. All

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I'm telling you is run the math numbers

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on the Roth IRA. If it makes sense for

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you, go for it. Knock yourself out. I

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will tell you this, don't fall for the

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annuity salesman pitch where you need to

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buy an annuity to do a Roth Roth

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conversion. You do not need to buy an

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annuity to do a Roth conversion. You do

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not need an upfront bonus to do a Roth

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conversion. Are we clear? A few good men

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crystal.

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Okay. So, annuity contracts. The first

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part of this question is right.

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Annuities are contracts. You should own

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own them for what they will do, not what

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they might do. You shouldn't buy a life

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insurance policy under the guise that

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it's taxfree income because it's a dang

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loan.

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But the only way for tax-free income is

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if you had a Roth IRA and you trusted

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the government not to change the rules.

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Boy, I'd trust them. Wouldn't you?

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Because they have never changed the

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rules, have they? No, they have never

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changed the rules.

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Immediate annuity inside a Roth,

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deferred income annuity inside a Roth,

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income writer inside a Roth. That's

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taxfree income. That's it. Now, from my

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Morgan Stanley days, you got to say it

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like you got to say it like Fogghorn,

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Legghorn, Morgan Stanley. My Morgan

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Stanley days, tax-free municipal bonds,

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that's taxfree income as well. If you

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can find them, just remember, if it

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sounds too good to be true, it is every

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single time. Just remember, annuities

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are math.

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Tax calculations are math. Run the break

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even point before you patriotically

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Pay your taxes. I'm paying my taxes.

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Before you do that, before you Roth

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convert, run the number.

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Some people tell I got to call it a day.

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Guy goes, "Man, you killing them Roth

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things. You just don't like them. I'm

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doing it for my kid legacy." Okay,

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great. That's fine.

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Again, [sighs and gasps]

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we're trusting government officials

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to with a $40 trillion debt in counting,

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higher if you want to count other

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things, 40 trillion on the building in

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New York when you walk past it. They're

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going to have to get the revenue from

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somewhere.

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Okay? So don't be surprised if that

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tax-free income thing on the Roth is for

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environment, wind farms, small little

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birds and fuzzy animals and cars that we

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tell you to buy and schools we tell you

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can your kids can attend. It's taxree

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then everything else is not.

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It could happen taxree income. Taxree

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municipal bonds. Okay. Roth IRA with

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annuities for lifetime income. That's

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taxfree income. It's that simple. Stan,

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how do you do it? How do you make it

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that simple? This is what I am. I know

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what you're saying. You're

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simple-minded. Maybe.

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Maybe. But I can I can take all this

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stuff and and just put it down to the

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basics to where you can make a good

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decision. Do me a favor. Go to my site

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at theanuityman.com.

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You can run quotes. You can download my

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owner's manuals. You can email me

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stantheanuityman.com if you want to

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argue, fight, or set an appointment. All

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three I just welcome. And last thing

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above my head, you're going to love

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this. I just did a video on why people

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still hate annuities. Stan, I still hate

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I hate you and I hate annuities. I hate

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everybody. I just am a missenthrope.

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Okay, great. That's fine. This video is

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for you. Then for the rest of you, it's

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fun because I tell you in the back of

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your head kind of what you've heard at

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the at the cocktail party where the guy

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walks up and goes, "Yeah, you know, I've

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just uh you know, I bought Nvidia at $4

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and I bought Bitcoin at a hundred and uh

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I choose to drive the Honda. You know, I

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don't need to drive the Honda. And I'd

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never buy an annuity because I hate

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annuities. Remember now, all of you with

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social security numbers, valid ones,

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have the best pension annuity in the

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country. It's called Social Security.

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Watch that video. You will have fun.

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Thanks for joining me. That was actually

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a fun video. I was somewhat cathartic.

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It was cleansing. I feel cleansed.

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Either that, Dr. V, I need to go to the

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bathroom. One of the two. Okay. See you

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next time.