What Is The Best Annuity To Buy For Retirement?

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So, what's the best annuity to buy for retirement?

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Hi there. My name is Stan The Annuity Man, America's annuity agent,

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licensed in all 50 states and Puerto Rico, founder of Contractual Guarantees Only.

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We only look at what an annuity will do, not what it might do.

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This question here, just promise me, look at me now, promise

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me never to ask that question to anyone but me. Please, please, please

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don't go to Johnny Appleseed, local agent, and ask him that question because you know,

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"Well, I got it. I got it right here. I've done the research. This is the one."

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Holy crapoli, as they say in Italy. Do they say that in Italy, Bixie?

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This one here is the reason I stay in the business. This is why I'm here.

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So I can make sure that you only ask that to me because you're going to get the truth

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and the brutal, honest truth, and not some crappy sales pitch.

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Get ready. Grab a drink. I'll be right back.

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So, what's the best annuity to buy for retirement?

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Okay, without me just starting to yell and scream at the camera.

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First of all, we have to make sure that you even need one. Okay? You already own one,

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and that's Social Security, the best inflation annuity on the planet.

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But it really comes down to two questions: What do you want the money to contractually do,

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and when do you want those contractual guarantees to start?

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That's it.

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Annuities solve for four things. The acronym is PILL.

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P, stands for principal protection.

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I, stands for income for life.

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L, stands for legacy.

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The other L, stands for long-term care.

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Annuities are commodity products, okay? There's not one better than the other.

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So, for you to bring up that question scares the crap out of me

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because if you ask 99% of agents, they're going to say, "Yeah, I got it.

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I got this one. It's got a bonus on it. It's market upside, no downside."

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I mean, you'll hear it all.

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What I'm telling you is there is no best annuity for retirement.

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Now, if you said, "I need lifetime income."

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Two questions: What do you want the money to contractually do?

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"I need lifetime income."

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When do you want that to start?

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"As soon as possible."

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That's an immediate annuity. So, that would be the best for you

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because it's going to provide the highest contractual guarantee.

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Or if you said, "What do you want the money to contractually do?"

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"Just protect the principal and get an interest rate."

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When do you want that to start?

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"Now. And I'd like to lock it in for five years."

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That's a multi-year guarantee annuity, the annuity industry's version of a CD.

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Then that would be the best annuity type for you.

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If you said, "I want lifetime income, but I want it to start in four years using Non-IRA assets."

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Okay, that's a deferred income annuity and an income rider. Those might be the two best

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annuities for you, and we'll quote them all to see who has the highest contractual number.

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If you said, "I want a lifetime income guarantee, and I want to use my IRA,"

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then that's a qualified longevity annuity contract. Q means qualified, which means

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you use your Traditional IRA money. Then that would be the best annuity for your retirement.

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I think that question bothers me so much because there are no

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one-size-fits-all products in the annuity industry, even though every, not

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every, most local agents or regional-type agents, and even some on the internet,

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are talking about one product and one carrier and one brochure and one strategy.

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That's insane. That's absolute insanity, okay?

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It all comes down to what you want to specifically and contractually solve for

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and how you want to customize that strategy.

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"Stan, I want a lifetime income stream for me and my spouse,

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and I want to make sure if we both die, money goes to the kids."

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Great, we can do that.

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"Stan, I want a lifetime income just on me, and I want it to start in seven years."

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Great, we can do that,

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and we're going to quote all carriers for the highest contractual guarantee.

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"Hey Stan, I don't need income. I just need to protect the principal and maybe take the interest out."

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Great. That's a multi-year guarantee annuity.

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See how it works? See how you can't come in and say, "What's the best annuity?"

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Because they'll sell it to you, and it doesn't exist, and it's their agenda.

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It's about you.

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For us, we don't care about the carrier name. All we care about is the rating of the company,

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A+ or better for lifetime income, the highest contractual guaranteed number, and then me.

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So really, it's four steps.

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We quote all carriers for the highest contractual guaranteed number, okay?

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We look at the rating, A+ or better for lifetime income.

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I give my recommendation. That's three.

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And then number four is you making your decision on your terms and your time frame with no pressure.

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We're buying contractual guarantees, so there's no urgency.

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The urgency is for you to understand what you're buying.

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Can I get an annuity amen on that one?

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There's no urgency.

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Upfront bonuses are for stupid people. It's candy for the stupid.

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And for people to push that is a joke. It's just part of the overall contractual guarantee.

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Somebody called the other day and said, "Well, I got this thing. It was big, like a 40%, 30% bonus."

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And I went, "How many pennies are in a dollar, Fred?"

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He goes, "100."

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I went, "Thank you."

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There are no philanthropists out there.

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Come on now. Put your thinking cap on. Get your IQ in order.

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But what's the best annuity for retirement? A specific one?

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We have to have a conversation.

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You have to shoot me an email at [email protected].

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You have to schedule a call, and I've got to talk to you about your situation.

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I've got to make sure you're not putting too much money in annuities.

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Yes, I said that.

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Too much money in annuities.

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We're going to try to solve for the contractual guarantee you're

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looking to solve for using the least amount of money.

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Hello.

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What's the best annuity for retirement?

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Stan The Annuity Man.

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It's the one that solves your situation and provides the

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highest contractual guarantee number with the best carrier.

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It's that simple.

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Just don't ask anyone else that question because they will sell you the one that,

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if they sell enough of, they get to go to Italy with their boyfriend,

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girlfriend, husband, wife, whatever applies, or all of them.

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They'll get some incentive out of it.

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You're not an incentive.

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You're not an incentive bullseye for somebody.

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This is your retirement.

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This is your life.

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This is your money.

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You worked hard.

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You won the game.

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You don't want to play anymore.

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Okay?

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Take this seriously.

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I've been 20 years sober October, but this was sobering for me when I read this title.

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I'm like, "Oh my gosh, this is the problem right here."

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Everyone's looking for the magic pill.

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Everyone's looking for the solution.

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Everyone's looking for that.

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It doesn't exist.

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It's a customized contractual strategy for you.

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Do me a favor.

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Go to my site.

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I've written owner manuals on all these products.

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Easy to read.

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There's six of them.

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I've even written a book called The Annuity Stanifesto back

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early in the day when I was vibrant and didn't have gray hair.

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That's a fun read as well.

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I've done a few thousand of these videos.

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I'm going to continue to do them as long as I'm breathing,

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just to squash all of this bad sales-pitch nonsense.

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You can shoot me an email at [email protected].

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Do me one last favor.

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Spinning above my head is a video that I did on the commoditization of annuities.

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So, annuities are commodities.

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There's not one that's better than the other.

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Brochure? Who gives a crap?

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Logo? Who gives a crap?

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Color scheme? Who gives a crap?

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It's about the number.

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It's about the rating.

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It's about my recommendation.

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And it's about you.

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That's it.

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Okay?

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Be careful out there.

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Be careful out there.

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Some bad dudes and dudettes are selling annuities and selling improperly.

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My name is Stan The Annuity Man.

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See you next time.