What Percentage Of Income Should Go To Retirement?

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What percentage of income should go to retirement? Very good question. My name is Stan the Annuity

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Man, America’s annuity agent, licensed in all 50 states. I’m actually the pioneer of contractual

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guarantees only. Also, Stan knows. You’re saying, “That’s arrogant. How’d you get Nike to put that

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one together for you, Stan?” Well, a lot of you older people out there might remember a

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guy named Bo Jackson that played for Auburn and then played in the pros. And then Nike did this

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thing called Bo Knows. A lot of the young people, when they see me on this t-shirt,

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they’re like, “What are you talking about?” Just Google it. Bo Knows. So

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I called up Nike, said, “Hey, hook me up with a t-shirt, Stan knows, and put this on the back.

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Annuity man number one." They did that, and I think someone got fired. But I got the t-shirt.

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I got the t-shirt to prove it. Nike. So what percent of retirement income goes, what’s the

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right percentage? How do I figure that out? Stan the Annuity Man. I’m going to tell you after this.

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Alright, so, what percentage of income or what percentage of my portfolio, Stan the annuity man,

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should go to retirement? There’s no blanket answer. And anyone out there going,

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you should put 53.4% of your... That’s crazy. Okay. Retirement chapter 2. Chapter 2 is what I call

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it. Chapter 2 is all about you. It’s customizable. So, in the annuity industry, and I think I’m the

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only one following this rule put together by the National Association of Insurance Commissioners,

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very good group of people. Haven’t been invited to their Christmas party yet, but I’m looking forward

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to that invite this year. But what they say is you should not put more than 50% of your investable

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assets into annuities. That doesn’t mean you put... Well, heck, I guess I got to put 50% in there,

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Stan. No, that’s not it, Chester. They’re saying up to 50%. Investable assets means not your

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house, not your car, and not that Flying V guitar. Okay? None of that. It’s investable assets. Now,

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are there exceptions that we can go above that? Yes, but you got to get the grand poobah,

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the Stan poobah, as they say, involved to push that through. And I’ll say, “Hey, you know,

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I talked to this dude, and it’s right. It’s good. I put my license on the life of this

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guy.” And that’s how it happens. Okay? And they’ll say, “Really, Stan?” “Yes, really,

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if you’re going to go past the 50.” But hopefully, you don’t have to. What I’d rather you do is add

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up all that you have in your income portfolio currently, the annuities you already own. Let

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me remind you, those that you already own. You’re going, “There’s no way. I’m the savviest investor

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on the planet. There is absolutely no way I would own an annuity.” Okay. Okay. Social Security is

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an annuity. It’s the best inflation annuity on the planet because it’s not actuarial. It’s political.

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You can quote me on that. Okay? Meaning they want your vote. That’s your first annuity. Pay as long

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as you’re breathing. Your second annuity is the RMDs, Required Minimum Distributions from your

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IRAs. Please don’t argue with... I know. Stop. Stop yelling. Stop throwing. I’m right. What are

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RMDs, Stan? You know what they are. IRS tapping you on the shoulder going, who? what? IRS. Okay.

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They’re saying, “Hey, you’ve been deferring all this time." I don’t care this IRS talking about.

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I don’t care we’re the IRS. We want you to take money out so we can tax it. That’s an annuity

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happens every single year. The third annuity that you might own, if you’re so fortunate, work

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for the government, state, a good labor union, whatever, or one of the 9% of the companies that

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offer it, is a pension. That’s an annuity payment as well. So, you have to add up all of that.

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Add the dividend stocks that your grandpappy in Midland bought, you know, Exxon, Texaco, and all

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that stuff that’s paying dividends. Add all that up and then see if that income floor amount is

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enough. If it’s not enough, then that’s when you call me or you go to my site at theannuityman.com.

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You can schedule a free consultation, keyword free, underline it. You can run quotes to your

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heart’s content. As many quotes as you want for SPIAs, DIAs, QLACs, Income Riders, all of the income

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products that are available out there. We quote in all carriers. You can look at our fixed rate

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MYGA fee as well. But the bottom line, you can get yourself educated in addition to this video and

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all the other thousands of videos that I’ve done. Because annuities are commodity products. There’s

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no urgency to buy an annuity. The urgency is for you to understand them and get rid of all

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of those things that you thought they were like, I ain’t buying annuity, Stan, because if I die,

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money goes poof and they keep it. That’s one of about 45 ways to structure it. 99.9999999999999%

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of people structure it so that the annuity company pays for life, but when you die,

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whatever’s left goes to the list of beneficiaries, and the evil annuity company doesn’t keep a penny,

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okay? We can structure it that way. We can also structure it so that if you don’t want your

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beneficiaries to get the lump sum, okay, then we can structure they’re going to get payments until

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the money’s exhausted. That’s called lovingly handcuffing your beneficiaries. You can do that.

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I have two daughters, 29 and 27. Love them to death, but they think of money as fun coupons,

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and I agree with that. They are fun coupons. Only problem is they’re my fun coupons. So

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in that case, I’m going to lovingly handcuff them. But the initial question was, what’s the

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percentage? The insurance industry says please don’t put more than 50% in annuities. Please,

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please, please, please, please, please, please, please. And I’m saying, if you have to do that,

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if there’s some situation I got to go to bat for you, I will. But the key with annuities is you use

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the least amount of money to solve for the contractual guaranteed goal. Not a hypothetical,

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not a theoretical, not upfront bonus candy for the stupid. Okay? Because there’s not a person

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that annuity company wakes up in the morning goes, “What a great day. I really think as the CEO

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of XYZ annuity company that I feel like giving money away." I mean, literally giving money

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from our coffers to the public because we at XYZ annuity company, we’re philanthropists like that.

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We care. There’s not a person running an annuity company that says anything close to that. Upfront

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bonuses candy for the stupid. Remember that. Just part of the overall contractual guarantee. So when

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we quote Income Riders, which are attached to these upfront bonus stuff, okay. We’re

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quoting those two. And this is interesting fact. Most of the time those upfront bonuses,

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20% upfront bonus, 25% upfront bonus, 35% upfront bonus, those products aren’t the highest

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contractual guarantees. No, Stan, you’re telling me that that’s kind of fraudulent, a little bit

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like a tease. Mhmm. That’s what I’m telling you. If it sounds too good to be true, it is every single

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time with annuities, no exceptions. Period. So, someone comes up and say, “I got this annuity,

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son. 25% upfront bonus market upside with no downside free long-term care.” Just get

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up and walk out or finish the food that they’re serving you. That filet mignon you’re getting,

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that’s filet mignon for people in North Carolina. Filet mignon, finish it, medium rare by the way,

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and then walk out. I say swallow the food, not the sales pitch. Always buy annuities

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for what they will do, not what they might do. The contractual guarantees of the policy. So go to my

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site, theannuityman.com. Run quotes to your heart’s content. Watch the videos. I’ve done thousands of

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these. I’m going to continue to do them as long as Big C and Dr. V are behind the camera. Smart guys.

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They make me look pretty. I know you’re saying you should see me, you know, when the lights aren’t

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off. It’s chew your arm off time. I’m telling you right now, you know what I’m talking

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about. But I would encourage you to schedule calls my team. They’re going to listen to you.

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2:1 ratio, ears to mouth, and they’re going to tell you if you don’t need one. They’re going to

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tell you if you’re thinking about putting too much money in one. Remember, IRA, non-IRA, Roth IRA,

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it doesn’t matter. Annuities work if you’re buying them for the contractual guarantees. One

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last thing. Do me a favor. I’m magically pointing above my head. I’m not pointing to the brain,

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which I should, but I’m pointing right above that. And you should click that video because that video

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explains our process like at the Annuity Man. What sets us apart? The fact that everybody in the

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building is licensed in all 50 states, but not on commission. They’re not hammers looking for nails.

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They’re not incentivized. The way they get a bonus at the end of the year is if clients are happy.

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That’s it. Unique in the selling world. And all of our agents are under one roof. All of our

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policy delivery teams under one roof. So, click that, take a look at that, and I’ll see you next time.