"Fun With Annuities" The Annuity Man Podcast

In this episode, The Annuity Man and Bill Black discuss:   The predictability of death  Long-term care rider  Beating life insurance with investing Being wary of "tax-free income"   Key Takeaways:   Death is predictably imminent. We'll never know when we'll pass or if we'll be needing long-term care somewhere along with our life. That's why it's best to get a life insurance policy with a long-term...

In this episode, The Annuity Man and Allan Roth discuss:   Minimizing expenses and emotions Social security is the best annuity Monte Carlo simulation method  Some simple investing principles everyone should know   Key Takeaways:   Minimize expenses and emotions to maximize results. You need discipline and emotional fortitude to stay the course and not panic.  Social security is the single best, i...

In this episode, The Annuity Man and Owen Schrum discuss:   Correction and volatility in 2022  Blockchain and cryptocurrency  What's causing supply chain problems?  The most critical time for investing    Key Takeaways:   We will see a big increase in volatility this year and at least two corrections in 2022. Corrections are when the market goes down 10% or more and then corrects itself.  Blockcha...

In this episode, The Annuity Man and Gary Baker discuss:   The bowling analogy  Four different types of protection  Contracts that serve the consumer's need  Comparing annuity programs    Key Takeaways:   Getting a new index annuity is like going bowling and asking to put bumpers on both sides so you wouldn't get a gutter bowl. There are literally zero downsides.  You can get four different types...

In this episode, The Annuity Man and Jeff Miller discuss:  Benefitting from an expert's guidance Inflation and increases in rates Correcting the social security issue  Deciding when to retire and when to claim social security   Key Takeaways:  Consult with experts in social security to get as much valuable information as you need and generate the most optimal strategy that's tailor-made for you. ...

In this episode, The Annuity Man and John Lenz discuss:   What does laddering mean?  Lowering risk until it's nonexistent Hybridization of annuities Annuity industry standards    Key Takeaways:   Laddering is when you commit to pushing out your money when it becomes liquid into the long end of your ladder and recycling fixed income or annuities to keep your ladder in good form.  If you look at a t...

In this episode, The Annuity Man and Ellie Saul discuss:  The difference between medicare and medicaid Selling and educating  Being on guard for misinformation Getting the most out of your medicare   Key Takeaways:  Medicare is health care for people who are 65 or older, or someone who had a permanent disability for 24 consecutive months or has a specific diagnosis that makes them eligible for hea...

In this episode, The Annuity Man discusses:   How the application process has changed with changing and evolving technologies.  Putting your trust and money with the carrier (and choosing your carrier wisely).  Time frames on buying an annuity.  Frustrations in the application and annuity process.  The future of direct to consumer annuities.    Key Takeaways:   All of your information is kept secu...

In this episode, The Annuity Man and Michael Finke discuss:   Two choices in retirement  The worst case scenario in retirement Thrift is good until it isn't  Difference between annuities and investments    Key Takeaways:   There's only two things you can do with your money in retirement - spend the money and live better or pass it on. Focus on what a product will do, more than what it might do. Yo...

In this episode, The Annuity Man and Mr. FIA-X discuss:    Avoiding upfront bonuses  Prioritizing the interests of the consumer  Market-like returns  The worst-case scenario for annuities    Key Takeaways:    Don't let yourself be fooled by upfront bonuses and not everybody needs an income rider. Be reminded that the purpose of annuities is to transfer your risk.   If you hear the sales pitch that...

In this episode, The Annuity Man and David Blanchett discuss:   People's irrational preference  A gap between perceived and actual ability Is cryptocurrency going to last?  Investing when there are low yields   Key Takeaways:   In theory, people should be indifferent between spending down your portfolio and living off of it - but investors aren't always rational, they have a strong preference towa...

In this episode, The Annuity Man and Jason Fichtner discuss:   Preparing for depletion Preaching to a hurricane  Maximizing returns and minimizing risks The real danger zone   Key Takeaways:   There's going to be depletion in combined trust funds in 2024. In response to this, you can delay claiming your social security until you absolutely need it, you can also save a little more - do anything to...

In this episode, The Annuity Man and Steve Parrish discuss:   People don't understand annuities Preparing for diminished capacity Life expectancy is good and getting better Managing your retirement plan   Key Takeaways:   Annuities are not an investment, it's a form of insurance that makes investments even better. Address problems in advance while you still can. Think about how your bills will be...

In this episode, The Annuity Man and Bob Carlson discuss:   Current taxation and retirement climate Changes in Roth IRA rules Strategies you can use to get around IRA changes Donor-advised funds and some investment strategies   Key Takeaways:   A lot of proposals are being thrown around, but the votes even out enough to not allow anything to be done yet. There are proposals that completely upend s...

In this episode, The Annuity Man and Leah Brandt discuss:   Seeing things from the client's perspective When annuities are bought Making annuities easier to understand Never doing things in moderation   Key Takeaways:   If you want to provide excellent service, always ask yourself what you would want if you were the client or what you would want to know if it was your money. How do you want to be...

In this episode, The Annuity Man and Jack Lenenberg discuss:   The truth about long-term care Transferring annuity to annuity with an IRS 1035 exchange Traditional versus annuity with long-term care  The full customizability of long-term care   Key Takeaways:   Long-term care plans are flexible, benefits are guaranteed and you can set up the plan so that if you don't use the money, it returns to t...

In this episode, The Annuity Man and Terry Savage discuss:   Is inflation going to be transitory?  Getting ready for a collapse The Great Resignation Technology's effect on markets   Key Takeaways:   We have a lot of components of permanent inflation being injected into the economy along with the shortages of goods.  No one knows for sure that a collapse is coming - everyone can be a little right...

In this episode, The Annuity Man and Tom Hegna discuss:   Mortality credits: the secret sauce of annuities Trends in life expectancy Predicting the economy and preparing for market downs Making healthy choices for a happy retirement   Key Takeaways:   The mortality credits are probably the highest that we're going to see for the rest of our lives, there's no better time to get annuities than right...

In this episode, The Annuity Man and Jamie Hopkins discuss:   ROS - Return on Sleep From an accumulation to a decumulation mindset Living your retirement meaningfully  Changing your relationship with money    Key Takeaways:   People often don't care about optimal, people care about being happy. Giving people a good retirement experience, a Return On Sleep, is better than giving optimal results.  P...

In this episode, The Annuity Man and Loren Feldman discuss:   Entrepreneurs and retirement  Investing for business owners Passion and confidence on business Measuring your risk   Key Takeaways:   Plan for the next chapter. Retirement brings about many opportunities that would otherwise be difficult or impossible.  Many entrepreneurs love taking risks but being smart about your money means making i...

In this episode, The Annuity Man and Wade Pfau discuss:   Success in retirement RISA - Retirement Income Style Awareness Funding long-term care Reverse mortgages and risk pooling   Key Takeaways:   Retirement doesn't only mean stopping work, it's about being able to do what you want.  Three retirement strategies: Total return investment strategy, time segmentation or bucketing, or annuity and soci...

In this episode, The Annuity Man and Dan Prescher discuss:   Planning for travelling internationally Travelling internationally as a lifestyle change Minimalism and happiness  Joining communities abroad   Key Takeaways:   Research is the key, start by ruthlessly profiling yourself and ask yourself what you can do without and what you can't do without.  If you plan to live abroad, you gotta do it f...

In this episode, The Annuity Man and Mr. FIA-X discuss:   Running away from lies and half-truths  "Guaranteed increasing income" and other misleading statements Knowing how much you'll really earn  Why people choose annuities    Key Takeaways:   If anybody tells you that what they're selling has "no downsides" - run away, don't listen. Everything they're telling you will probably be a lie.  How yo...

In this episode, The Annuity Man and John Lenz discuss:   How people reacted to the new payroll tax rule for LTC in Washington state. Live, die, quit - find out what that means Making mathematical decisions for your retirement   Key Takeaways:   Live, die, quit. If you live, and you need long term care services, you'll benefit. If you die, your family will benefit. If you quit, you'll get your mon...

In this episode, The Annuity Man and Kerry Pechter discuss:   What is the Bermuda Triangle Strategy?  How the Bermuda Triangle Strategy will affect you. The problem with the annuity industry. Prioritizing the consumer over anything.   Key Takeaways:   The points of the triangle are: a life/annuity company with large in-force, "blocks" of (usually) fixed annuities with guaranteed returns; a Bermuda...