What Percentage Of Retirement Funds Should Be In Annuities?

0:00
Hi there, Stan the Annuity Man,

0:01
America's annuity agent, licensed in all

0:03
50 states. Wearing my um Christmas

0:05
colors today. It's not even close to

0:06
Christmas.

0:08
So today's topic is a kind of a good one

0:10
that needs to be out there, needs to be

0:12
known by people, is what what percentage

0:15
of annuities should be in your

0:17
portfolio. What's allowed? You know,

0:19
what's what's kind of the legal amount?

0:22
And I don't even think most agents even

0:23
know this, or if they do, they ignore

0:25
it. But we're going to go over it. what

0:28
is uh suggested by the NIC, the National

0:30
Association of Insurance Commissioners,

0:32
great organization that oversees the

0:34
fixed annuity landscape

0:37
and we're going to do it after this.

0:45
So, what percentage of annuity funds

0:49
should of annuities should should be in

0:52
your retirement account? So, if you took

0:54
all your retirement funds, what's the

0:56
percentage that is kind of the max for

0:58
annuities? Um, what the NIC suggests is

1:03
50% of your investable assets. And that

1:06
does not include your house. That does

1:10
not include cars. That does not include

1:12
guitars. That does not include land.

1:15
Investable assets,

1:18
brokerage accounts, bank accounts, those

1:21
type of things. 401ks, 403bs, 457s.

1:24
Okay? So 50% of that. And that doesn't

1:27
mean you put 50% in. I always say that

1:30
with annuitities, they're contracts. and

1:33
you use the least amount of money to

1:35
solve for the contractual goal. Give you

1:37
an example. If you said, "Stan, the wife

1:40
and I need $2,500 additional income per

1:43
month starting in a year." Then we're

1:46
going to run a reverse engineer quote,

1:49
solving for that $2,500 per month using

1:52
the least amount of money, quoting all

1:54
carriers A+ or better.

1:56
You can do that at my site. You can go

1:58
and run that quote anonymously. You

2:00
don't have to put in your name, email,

2:01
or phone. just your date of birth,

2:03
gender, and state of residence. And you

2:05
can run the same quote. It's not a and

2:08
that's not an estimate. That's a quote.

2:10
It's coming directly from the carriers

2:12
that you see on my site. You can just

2:13
run it anonymously. We're the only ones

2:15
that that do that. Everybody else plays

2:18
games, make you set up an account or do

2:20
something crazy. I got enough trust in

2:23
you that if you want to be I want you as

2:25
a client, don't be confused. But you're

2:28
grown up. You don't need to you don't

2:30
need to give me your information till

2:31
you're ready to give me your

2:32
information. I'm not building a

2:33
database. But you got to be careful out

2:37
there in the annuity hinterlands as they

2:39
say because agents will either

2:44
voluntarily or involuntarily going to

2:47
give them benefit of the doubt. they

2:49
have a tendency to fill out your

2:50
application paperwork improperly

2:54
um and fudge some numbers so that the

2:57
the suitability of that transaction when

3:00
it goes to the the carrier they will

3:03
look at the numbers and approve it. So I

3:06
would always tell you to ask for

3:10
um the application to see if they filled

3:12
it out correctly. If you use us you can

3:14
do it two ways. You can do the

3:15
application yourself online and then

3:17
we're going to call you just to verify

3:18
it. Verify it's you, but you're 95% of

3:21
the way done. Or you can have us do the

3:23
application over the phone and then

3:25
we're going to send you the application

3:26
for review. Either way, you need to see

3:28
the application because that's where the

3:31
games are played.

3:33
So, an agent might might include your

3:35
home, might include all of that,

3:38
and they shouldn't, but they're doing

3:40
that to to to put you into more

3:42
annuities. I ran across a lady the other

3:44
day. I think 95% of her money, which is

3:48
horrific,

3:49
were put into one product type, period.

3:52
All of it. That person should lose their

3:54
license and I'm not going to say go to

3:57
jail, but that'd be neat if they could.

3:59
Because that's financial malpractice. I

4:01
mean, that's just not right. If you just

4:03
remember, use the least amount of money

4:05
to solve for the goal. Now, we have a

4:07
product type that's very popular right

4:09
now. It's it's like a CD. called a

4:11
multi-year guarantee annuity. Rates are

4:13
really high. And I have to tell people

4:15
all the time, you can't you can't put

4:16
that amount of money in. You c you can't

4:19
go all in like that. And and they're

4:21
like, "Well, I'm smart. I know what I'm

4:22
doing. Why can't I?" I said, "Well, you

4:24
can't do it with me because I'm I'm

4:26
doing it by the book. I'm not going to

4:28
put my license on the line for that. I'm

4:31
[snorts] sure they can find some agent

4:33
to fictitiously fill out the paperwork,

4:34
but I'm not going to do that." And you

4:36
shouldn't do that. You shouldn't go all

4:38
in with annuities. So, it's 50% and I

4:41
tell people all the time, I can make a

4:43
phone call to see if we can get you to

4:45
60, but after that, you shouldn't be

4:48
going all in. And a lot of people, we

4:52
had one the other day where the um the

4:54
son was trying to buy the the immediate

4:56
annuity for the mom.

4:58
Get that a lot, but but he was doing too

5:01
much. And I said, "Hey, I'm just going

5:02
to tell you right now, there's a good

5:04
chance that they're going to turn this

5:05
down." He's like, "But it's but it's

5:07
suitable. it's the best thing for I said

5:09
I I'm just telling you. And sure enough,

5:11
they came back and said, "That's too

5:12
much of her overall money because

5:15
obviously we filled out the paperwork

5:16
correctly and they wanted her to lessen

5:19
the amount, which she did, and she kept

5:21
the rest in cash, which was the right

5:24
thing to do." Annuity companies, there's

5:27
a suitability process. It's not just you

5:29
just get it. It's just you just buy the

5:31
annuity. It has to be suitable and

5:33
appropriate. It has to be, it has to

5:35
make sense. But all the suitability

5:39
person at the annuity company has to go

5:41
on is the application they receive.

5:44
Filled out by the agent and signed by

5:45
the agent, overseen by the agent,

5:50
licensed on the line by the agent.

5:52
Annuities should be part of what you're

5:53
doing because they're non-correlated

5:56
assets. They're they're

5:58
they have nothing to do with the market.

5:59
Anybody's trying to sell you an annuity

6:01
that has something to do with the

6:02
market, like a non-g guaranteed return,

6:04
just just move on. Buy them for the

6:07
contractual guarantees. You'll be happy.

6:09
Buy them as non-correlated assets,

6:11
meaning having nothing to do with the

6:12
market. And [snorts] if anybody says to

6:15
you, "Hey, this this will get market

6:16
upside with no downside," they're lying.

6:18
They're full of crap. And if they say,

6:20
"Well," and you get this upfront bonus,

6:22
they they just stepped in the crap.

6:24
Market growth does not have surrender

6:26
charges. Remember that.

6:29
Do the markets. Put in an income floor

6:31
using annuities. Protect the principal

6:33
using annuities.

6:35
And then go do your market stuff. Go do

6:36
your risky stuff. Annuities aren't risky

6:39
stuff. It's they're transfer of risk,

6:41
but you can't have your cake and eat it

6:42
too. And if it sounds too good to be

6:43
true, it is every single time. But just

6:46
put in the back of your head 50 to 60.

6:48
50 being a 60 meaning Stan gets on the

6:51
phone. And I've got to I've got to

6:54
believe that it's in your best interest

6:55
to take that extra percentage in the

6:58
contractual guaranteed annuity. I will

7:00
get involved if needed if I think it's

7:03
in your best interest. We did the one

7:05
the other day that I had to get on the

7:07
phone, but it went through and it was

7:08
interesting. It was a it was a lady who

7:11
passed away and she put her brother in

7:12
charge of the estate and the directive

7:15
of the trust was to buy the two

7:17
daughters lifetime income products. I'm

7:19
doing something similar for my

7:20
daughters, but it was a large amount of

7:24
money for the daughters and um and I had

7:26
to get on the phone with the with the

7:28
carrier and explain it that this was the

7:30
directive of the of the mom who passed

7:32
away and the brothers, the executive and

7:34
they they approved it because it was

7:36
suitable. It really was the right thing

7:38
to do. So, I will go to bat for you, but

7:42
you just don't go all in. If you just

7:44
remember 50 to 60% and remember that you

7:46
use the least amount of money to solve

7:48
for the contractual goal, you'll be in

7:49
good shape. And if you use us, that's

7:51
what we're going to do anyway. We're not

7:52
going to push the limit. We're not going

7:53
to do that.

7:56
You know, number one, for a reason. We

7:58
don't do that.

7:59
We don't push the envelope. Do me a

8:02
favor. Go to my site. You can download

8:03
my owner's manuals, six of them for

8:05
free. You can schedule a call with me if

8:07
you want. You can email me if you want.

8:09
You can sign up for my live events if

8:11
you want. Don't have to

8:14
can run those quotes anonymously without

8:17
putting in any personal information.

8:18
They're real quotes. Do me one last

8:20
favor. I did a video on the technology

8:23
stuff that we're doing. It says virtual

8:25
Stanley lives. You know, virtual Stanley

8:27
is me, but an avatar form on my site,

8:29
bottom righth hand corner. If you click

8:31
that, that little gremlin looking dude

8:34
like me, um, he's wearing the Adidas

8:36
sweats and the black hat and the whole

8:38
thing. You can ask questions and and all

8:40
of the answers are based on the 2,000

8:42
videos and the seven books I've written

8:43
and the 400 articles. All the stuff has

8:46
been fed into virtual Stanley. The cool

8:47
part about that is you can ask him those

8:49
questions 247 365 or you can schedule a

8:52
call with me and get me. You can do

8:54
both. But we're giving you the

8:55
opportunity to do that. Also too, if you

8:57
want to shop and run quotes and look at

9:00
Migra and you find something you like,

9:02
you can do the application online. I

9:04
mean, if you want, you don't have to.

9:07
You can then or if you don't like that,

9:09
you can use us. And I have the best team

9:11
in the business, biggest staff in the

9:13
business, all under one roof in Las

9:14
Vegas, Nevada. And we're open 68 hours a

9:16
week, 12 hours a day. So you can do it

9:19
online or you can use us. You also can

9:21
run quotes anonymously on our site or

9:24
you can use us. See the correlation? The

9:27
guy running the company now is from

9:28
Google. Young kid, young, real young.

9:31
Like I can't imagine being that young,

9:33
but very smart. and he's pro he's done

9:36
what I've told him to do. I want my

9:38
clients and my future clients you to

9:40
have the opportunity to do both human

9:42
non-human human non-human and blended if

9:45
they want to. And I want to be open for

9:47
business 24/7 365. If a question hits

9:50
you, ask Virtual Stanley at 3 in the

9:52
morning or email me. I might be up, but

9:54
we're going to give you that

9:55
opportunity. Okay. As for annuities and

9:57
percentage, just be careful. 50 to 60%

10:01
use the least amount of money as humanly

10:02
possible. My name

10:05
This Stan the annuity man.