You Already Own 2 Annuities (Here’s Why)

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Welcome to Shooting It Straight with

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Stan. I am your host, Stan the Annuity

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Man, America's annuity agent, licensed

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in all 50 states. Today's topic is a

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good one and one that might shock you

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and the public. And when I'm talking to

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you, I mean you already own at least two

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annuities.

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It's true. You already own at least two.

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And let me explain those two that you

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already own.

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You can't argue with me because I'm

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hitting you with facts. The first one,

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if you've listened to any of my videos,

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read any of my seven books on annuities

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and blah blah blah. Social Security is

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the best inflation annuity on the

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planet. Period. End of story. Full stop.

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Pound the table. No argument. So for all

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of you haters out there that I hate all

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annuities, I'll never buy an annuity.

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Dan, you're the same person that loves

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it when that annuity of that uh yeah

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annuity payment from social security

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hits your bank account or you're getting

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ready to plan on taking social security

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as part of your overall plan. And it's

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an annuity

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period. It's going to pay for life. You

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can set it up to pay joint life.

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It's a it's it's the best inflation

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annuity on the planet, I always say,

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because it's a political football and

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not an actuarial football like it is

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with a private sector inflationadjusted

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annuity. When you put a cost of living

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adjustment on an annuity

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or this this index increases your income

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with inflation sales pitch, the annuity

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company just simply lowers, and I mean

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drastically lowers that initial payment

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to make up for that increase. Annuity

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companies have the big buildings for a

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reason. They're sponsoring sports

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stadiums for a reason. They have the big

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planes with the logos on the back for a

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reason. It's because they don't give

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anything away. So that's the first

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annuity that you own, social security.

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Period. Congratulations.

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Just, you know, next cocktail party,

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don't go out and say, "I hate all

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annuity. I've never bought an annuity."

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You already own one, player. Okay. The

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second annuity that you own. And the

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vast majority of you do own one. It's

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attached to your IRA, individual

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retirement account. If you have a 401k,

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a 403b, a 457, any of those accumulation

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type accounts that's tax deferred that

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you're going to eventually roll into a

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rollover IRA, an individual IRA, in my

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opinion, Stan the Annuity Man, America's

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annuity agent, licensed in all 50

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states, the go-to source for all things

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annuity on the planet.

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Your required minimum distributions is

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also an annuity, my opinion. Now, wait,

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you're wait a minute, Stan. Let me tell

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you something, son. Now you cross the

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line with me because that's just gabal.

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No, it's not garbage. Okay, let me

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explain why. Required minimum

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distributions. Check the date on this on

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this uh video. At the time of this

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taping, the IRS is going to tap you on

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the shoulder at age 72 and go, um,

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excuse me. Um,

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oh, by the way, regardless of whether

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you need the money or not, you're going

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to have to start taking money out of

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your IRA every single year. So, we, the

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IRS and the government can tax that

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because you've been deferring taxes all

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that time. By the way, that's how that's

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the IRS voice if you don't know that.

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Now, what what

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does RMDs do? That's kind of a weird

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question. What does RMDs do? That's like

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sitting there with Coca-Cola and some

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navs. Hey man, what does RMD do? Here's

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what it does. Okay, proper grammar. It

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creates an annual lifetime income

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stream. As long as you have IRA assets

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you're going to have to take, you don't

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have you you can't call the IRS and go,

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you know what, you know, I really don't

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need that money. Um, so I'm just not I

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don't want to take those RMDs. R means

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required.

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Okay. So, what is an RMD payment on an

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annual basis? It's an annuity payment.

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It's an annual annuity payment that you

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have to take that's going to pay for as

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long as you are breathing. Sounds

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familiar? It should because that is the

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definition of a lifetime income annuity.

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Now, variables inside of that R&D thing

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and all you masters of the universe,

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Wall Street types, by the way, just

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before you start blasting me work for,

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you know, Dean Wood, Payne Weber, Morgan

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Stanley, UBS. So, be very careful

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because you might get fileleted like a

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flounder if you come at me with nonfacts

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because what I'm talking about now is

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the annuities that you own, the income

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floor that you're establishing. So,

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required minimum distributions, in my

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opinion, looks like a duck, walks like a

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duck, quacks like a duck, whack. It's a

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duck. In this case, it's an annuity.

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Now, those are the two that the vast

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majority of people out that that Well,

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all people with social security number

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owns one. If you have an IRA, you own

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two.

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You might even own a third one. What?

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What? Damn. What are you talking about,

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son? You gone crazy. You drinking that

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wacky water again. That brown water. You

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know what I'm saying? No, I'm not. If

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you work for the government, the state

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government, the US government, 9% of the

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private sectors out there, or a very

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good labor labor union that set this up,

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you might you might have a pension. What

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is a pension, Stan? Good question. A

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pension

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is an annuity payment that that

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typically pensions pay for the rest of

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your life. Some allow you to pay for a

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period certain. Some allow you to attach

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a spouse for lifetime income. But it's a

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pension payment. And what is a pension,

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Stam? Hey, Stan. Stan Stan, what's a

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pension? It's an annuity.

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So, you definitely own one. You most

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likely own two and you could own three.

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So, what does that mean to you? What

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does that mean to me, Stan, the new man?

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I'm watching you. You're passionate. You

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have proven to me that at least on one,

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I might own two, and there's a

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possibility own three. Okay. What does

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that mean, Stan? What that means, that's

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part of your overall income floor.

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Income floor is the money that's hitting

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your bank account, regardless of what

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old person's in office,

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regardless of the party, regardless of

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what's happening. Party means not

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celebration. The parties, okay? There's

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no celebration with those two, okay? Or

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three or whatever, which one you belong

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to. Okay? Or global events, etc. It's

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the money that's hitting your bank

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account every single month. That income

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floor that takes you through chapter 2

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of your life. So, this has been a great

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video. Nod your head. High-fi virtual.

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Share it with your friends. Call your

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spouse over and say, "Watch this. We own

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annuities." Did you know that? The

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question is, do you need more? Do you

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need more guaranteed income for that

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income floor? That's just straight up

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math, player. Just, you know, run the

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spreadsheet and if you need to fill a

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gap, go to my site, theanuityman.com.

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You can run quotes using our proprietary

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calculators 247 365 and no one's going

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to bug you. It's virtual. You can just

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click it. We're shopping all carriers.

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It is a beautiful, beautiful thing.

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Hey, that's shooting it straight with

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Stan. My name is Stan the Annuity Man.

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See you next time.