What Are The Most Important Sources Of Retirement Income?

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What are the most important sources for

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retirement income? Hello, my name is

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Stan the Annuity Man, America's annuity

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agent, licensed in all 50 states, top

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agent in the country, and the tallest.

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I'm starting to throw that in because

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I'm 66 and you can't teach height as the

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coach always said. So, we're going to

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talk about that in detail after this.

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[music]

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So, what are the most important sources

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of retirement income? Let's kind of go

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through those and what you can do for

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that. You already own the best inflation

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annuity on the planet. It's called

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Social Security. So, that's part of your

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income floor. And let's talk about the

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retirement income sources as your income

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floor. You're building the floor of

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income that pays the bills and gives you

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some extra money so you can go out there

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and party and travel and do all those

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things, see the kids and the grandkids

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if you still like them, if they're still

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written into the will. But the bedrock

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of the retirement income sources would

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be social security because everyone

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that's here legally with a social

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security number has that annuity owns an

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annuity which kind of leads me why is

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the annuity industry the curse word of

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the financial business as you know I

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work for Dean Witter Payne Weber Morgan

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Stanley Union Bank of Switzerland I've

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been on that side of the ledger and

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annuity is the curse word it's the f

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word in the in the financial business I

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don't understand that except for the

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fact that too many people that sell

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annuities have given annuity industry

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that bad reputation because they find

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one product and do a seminar and

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everyone at the seminar gets the

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product. It'd be like if the doctor gave

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a seminar on a medicine and said

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everyone here has to take the medicine.

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That's dumb. Okay. But somehow in the

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annuity industry that's what happens.

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And you know they learn one product and

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they only sell one product. So you

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already own the best inflation annuity

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on the planet. That's a retirement

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source of income. If you have a pension,

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if you're one of the nine% of the people

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in the country with a pension, that's

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part of your retirement income source

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and the income floor. Those 9% pretty

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much represent at this point people that

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work for the government or state. There

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are some few companies out there that

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offer a pension, but most offer what's

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called a defined contribution plan. In

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English, that means 401k, 43b, 457,

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something that's tax deferred that

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grows. But that's eventually going to be

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that that amount of money in that

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retirement account that you've been

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putting money away. That's going to be

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part of your retirement income source,

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that income floor, and we'll talk about

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that later. Another source of retirement

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income could be a side hustle. If you

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sell cotton candy at the state fair,

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that's going to bring in whatever. You

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might have a side hustle, woodworking or

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whatever. You might have CDs or bonds

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that you can peel off interest from.

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That's income. You might have like real

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estate that you own that kicks off

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income. That's kind of investment type

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real estate. All of those things are

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retirement income sources. So, what you

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need to do when you're looking at your

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income floor going into chapter 2 of

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your life, and chapter 2 is all about

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you. Let's repeat it. Chapter 2 is all

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about you. Chapter two is all about you.

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I guess if we got to chapter three, but

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chapter three is all about me. Okay. The

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point is it's not about the kids

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anymore. It's not about the work

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anymore. It's about you and it's about

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what you have done and the money you've

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put aside and work so hard to do. You've

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got to create that income floor so you

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don't have to worry about anything. You

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don't have to watch cable news. Thank

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God. You don't have to watch news at

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all. You don't have to read news at all

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because if your income floor is in

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place, then you're golden. You're set.

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The only caveat to that is inflation.

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And we can set up annuities for the time

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you need an income floor boost to create

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that additional amount of money. Let me

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give you an example. Let's just say you

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say, "Okay, here's my retirement income

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sources standing m and it's $5,000 a

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month and we love that. Me and Martha

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love that. We're living good." And then

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five years from now, you go, "Stan,

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Stan, we need $5,550

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now on the income floor." What do we do

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at that point in time? We reverse

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engineer the quote. Meaning that we

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solve for that $550 additional that you

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need and we quote all carriers A+ or

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better to see who's going to require the

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least amount of money to guarantee that.

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That's how to address inflation instead

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of Johnny Apple Seed agent going, "I got

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the annuity that increases with

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inflation." No, he doesn't. If you

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really want to flush that out, have

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Johnny Apples Seed agent sign off on if

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it doesn't work like it says it's going

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to work that he has to make up the

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difference. That pin's going to weigh

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like a,000 pounds. Okay, so let's get to

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the retirement sources that could be

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doesn't have to be could be used with

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annuities. Now for lifetime income and

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that's the retirement source. You can do

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it a couple ways with annuities. There's

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such things called a MGA, multi-year

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guarantee annuity in English. That's the

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annuity industry's version of a CD.

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Protect the principal, no annual fees.

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You could peel the interest off just

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like you would a CD or a bond. I'm not

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saying they're CD or bond. They're in

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that category. So, if you say, "I want

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to lock up my money. I want it I want to

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have accessibility to it, but I want to

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get the interest out." That's called a

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multi-year guarantee annuity. But if you

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said, "You know what? Stan the annuity

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man, America's annuity agent, licensed

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all 50 states, America's top agent,

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tallest agent." You have to say that

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when you call me. So, let's just say you

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call me and say all that and get through

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all of that. You say, "You know what? I

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need to put together a lifetime income

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for me and Martha because Martha's going

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to outlive me because there's an evil

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conspiracy that women outlive men." I'm

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researching that right now. But the

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point is putting that in place so that

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it's going to pay regardless of how long

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either of you live as long as Martha's

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breathing or on a respirator. I should

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call it a respirator annuity, but I

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think that would offend. The point is

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they're going to pay. And we can

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structure it so that 100% of any unused

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money, you know, when that really nice

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car you're driving now hits the tree and

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you both die, goes to the beneficiary.

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So, a lot of you out there going, "I'd

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never buy a nude in my lifetime because

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I'm going to tell you something right

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now." I was at a party the other night

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and somebody said to me, "I never buy an

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annuity because money goes poof when you

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die." And I believe that man because he

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seems smart. That man was dumb. He has

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no idea what he's talking about. We can

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structure the annuity payment so it's

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going to pay you for as long as you

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live. Hey Stan, what if I lived 150?

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It's going to pay. Hey Stan, what if

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there's a medical miracle? I lived 170.

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They're going to pay. That's the reason

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we're doing A+ or better carriers

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because something like that's probably

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going to happen and one of you is going

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to live to 120 like my grandappy did.

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Okay. The point is we can structure so

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that the evil annuity company never ever

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ever keeps a penny even though they're

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on the contractual hook to pay for as

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long as you live. But let's just say

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retirement income sources. Going back to

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the question, you figured out all this

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stuff that's coming in. It doesn't

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involve an annuity. And Stan, we're fine

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without an annuity. Then don't buy an

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annuity. We don't put square pegs in

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round holes, player. We're not here for

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that. We've sold billions and billions

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of dollars of annuities. I'm okay. My

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wife gives me a pretty good allowance to

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live off of. It's all good. Driving the

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car. The good thing about the car, the

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car that I wanted in high school was

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this really cool sports car. And my

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dad's like, "Yeah, right. not gonna

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happen. 45 years later, player, I got

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it. You know what I'm saying? See, Dad,

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I told you, Dad, I was gonna get that

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card, Dad. I'll tell you that because

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dreams do come true. But getting back to

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the retirement income sources that the

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dream is, I need enough money in my

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income floor so that me and Martha or me

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and Ununice or whoever

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significant other can live our life

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comfortably and not worry about all the

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craziness and chaos that's going on. in

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the world. My offices are located in Las

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Vegas, Nevada. I don't drink. I don't

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smoke. I've been married 37 years.

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You're saying, "Stan, why'd you do

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that?" So, we can be open from 5:30 in

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the morning to 5:30 at night, Pacific

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time, 8:30 to 8:30 Eastern. We're open

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12 hours a day and 8 hours on Saturday.

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Why? Good question. So that we can be

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available to you so that we can run the

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quotes and and have the conversations

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with you that matter. That aren't sales

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conversations. Everyone in the building

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with me is licensed in all 50 states,

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but they're not on commission. Do we get

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paid by the carriers? Yes, it's building

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commission, but it's it's coming to the

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annuity man, but there's no one in my

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building that's incentivized to sell you

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something. In fact, if they sell you

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something that's inappropriate, they

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probably won't be with me that long.

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Okay? We get rid of them. All right? So,

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retirement income sources, it's an easy

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addition exercise. Add it all up. If you

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need a gap that needs to be filled,

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that's where we come in at the annuity

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man. You can go there, run quotes. I've

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got six owners manuals you can download

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for free. I've done a few thousand

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videos. I do live events every single

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month, etc. Okay, we you can do that.

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But if you get to that point, say, you

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know what, we're we're set, Stan. We're

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set. I mean, that that retirement income

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sources income floor amount done,

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golden. Then you don't need us. But you

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have to do that exercise. You know,

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that's a good point. I'll close with

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this. You know, annuity people always

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say, you know, annuities are never

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bought. They're just sold. That's not

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true at the annuity man. It's the only

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place where they're actually purchased

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on your terms and on your time frame

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without pressure. And that's the truth.

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Do me one more favor. Have I asked

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anything yet? No. But I'm going to ask

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right now. Go to this video because in

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that video, I even have more fun. You're

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saying there's no way Stan, you're like

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Mr. Fun. I get that. But this video is

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going to be even more in depth about

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what we do at the Annuity Man, why you

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should consider us. I still am the

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owner. My name is Stan the Annuity Man.

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See you next time.