My wife and i both have a Fia through Oceanview. We chose to index the s&p 500 but can change it yearly. It was designed to protect part of our portfolio from market downturns. It is a 7yr product with a cap. Will never lose money. No fee's. And it does not count on the overall assets under management fee my advisor charges. It's a protection product which was what we wanted. It does have some penalties for early withdrawl, but you can also w/d 10% a year without penalty. Not all annuities are bad, just depends what you want it to do in your overall portfolio.
Thanks for all your videos! Your explanation of FIAs (this vid as well as your others) has helped a lot. For my specific situation, I'm convinced that I'll just continue option trading from my retirement accounts. By no means is this advisable for everyone, as it comes with greater risk and requires a certain mindset. For many, third party managed trading will work best. You have given great information for both sides, IMHO. I'm looking forward to your next presentation about all the whopping 2024 Medicare increases.
Thank you again for watching. The fixed, indexed annuity may not be a good annuity for you, but have you ever thought a Hybrid Pension as a salary replacement?
Just ran into you guys channel. Good stuff . I’m in the process of finishing my study to become a life insurance agent. Just want to make sure I learn important details before I schedule my exam. Question are you guys married?
Yes we are. We just forget to bring our rings since we have many times don’t wear it due to working out and house chores. Best wishes for your licensing!
You’re welcome. Please check out our channel and you can click on playlists. There I recommend clicking on the playlist that says step one through four. This will help you have the right foundation to learn more about annuities and hybrid pensions. Rather than randomly looking at different videos. Thank you for your support!
We are contracted with them and know them well. However, I would encourage you to call our office so that we can help you lay the foundation first with our playlist. This way you can have the terminology and the concepts down to better understand the different models. It’s like asking what do you think of Honda? Toyota has many models from motorcycles, van, sedan, coop, truck, and so forth. So please give us a call and we will help guide you. Kai & Ann Chung 408-502-7080
We just put 52k in a fixed annuity based on financial advisor at bank recommended. They said depending on the market we don’t touch for 5 years - could earn 6-10% … Athene is the name of the business. I hope we are ok. Bank Advisor said risk was low.
We work with Athene, as well! If you wanted to make sure you are in the right place for your needs, please feel free to reach out to our office! Kai & Ann Chung 408-502-7080 www.RetiringOptions.com
Love your videos! I like the idea of a FIA, but can’t get past the fact that eventually you lose your initial ‘investment’. If you buy a $200k FIA, after several years your $200k is gone, but of course it is replaced with guaranteed lifetime income. Am I wrong or is this how all FIA work (you’re actually buying/paying for lifetime income? Thank you in advance and for your informative videos!
Thanks so much! You’re referring to the FIAs with Lifetime Income riders, correct? FIA’s by themselves do not lose their principal. Those are true for many annuities but not the good ones. You need to find the ones with the highest participation rates, no cap, and a solidi historical integrity with their rates. Call us and we can help you. Refer to this comment when you call in. Kai & Ann Chung 408-502-7080
I think the BIG issue with FIA's is that the values that the insurance company uses to calculate the return off the "index", can CHANGE throughout the investment period!!! The insurance company can change the return rate to whatever it wants, it is only "tracking" an index in the most loose sense. The formula values are NOT tightly and firmly integrated to the index.
This is why you need to look for a good companies. Just like anything, there’s always good and bad. And many times more bad than good. This is why we are independent and we represent over 50 plans. Most do not know the differences between their companies. Feel free to give us a call if you like to learn the difference. Thanks for watching! Kai & Ann Chung 408-502-7080
Very informative video (thank you)! My advisor is recommending I move funds from a previous annuity (F&G Accumulator Plus 10 with Barclays Sector 5) to the Silac Denali 14 FIA as a better option. The F&G returned 0% over the past 2 years and I'm obviously not happy with a 0% return. Can I get your thoughts on the Silac Denali 14 FIA? I've read the company has recently been downgraded to a B+ rating by AM Best..
It’ll be best you give our office a call and you can set up an appointment. Only after we get to know you and your situation can we recommend or not recommend any annuities. I hope that makes sense. It’s like someone asking what do you think of a Toyota Camry? It may be great for some people, but the entire vehicle itself would be horrible if you’re a construction contractor. Does that make sense? You can reference this message when you call in. Thank you! Kai & Ann Chung 408-502-7080
You’re welcome! Thank you for watching. If you enjoyed this video, here is our entire playlist if you would like to watch it. 😊 ruclips.net/p/PLhy55v5WCqkAmvcJtMqy2g6VsCSknV7vy&si=9OinimdCbFphS4bb
I have two 5 year FIA's. They are a couple of years old now. Doing Quite well. Okay, so what is 5% of 300,000.00? Much better than the markets of 2008. And if you take a look around, I bet you find many videos on a stock market crash coming soon. I also have a 5 cd ladder that isn't losing any money. My 401k continues to go up and down like a yo-yo.. I have no fees because I have no riders, etc.
Hybrid income annuity you discussed in this video is basically FIA with a life time income rider. By choosing a life time income rider, are you basically annuitizing ? By annuitizing, you lose control of your assets? Isn't that the biggest disadvantage of this type of annuity?
No, you do not “annuitize.” It would not be a “rider” if it is annuitized. Please watch our annuity playlist to learn of the 5 types of annuities and also the 5 types of income riders. Thanks for asking!
This definitely depends! There are other factors we consider before making a strategy recommendation. Please reach out to our office. We would love to give you your personal recommendation! Kai & Ann Chung 408-502-7080 www.RetiringOptions.com
Why are all you life insurance people giving out all this information on "annuities are good"... "annuities are bad" your confusing the shit out of people myself included.
I’m sorry you’re confused. The whole point of our videos is to give clarity that like everything, there are good ones and they are bad ones. This video is to discuss the disadvantages first since most insurance sales people always talk about their advantages. But the point of this video is to talk about both sides. Keep in mind, This is only one video. I would encourage you to go to our channel and go to the playlist and look for steps 1-4 playlist. This will give you the foundation so that you’ll have more clarity. In the meantime, feel free to give us a call if you would like to get learn more. Kai & Ann Chung 408-502-7080
Did this video clarify the disadvantages with Fixed Indexed Annuities?
yes but how can i access the "calculator"?
My wife and i both have a Fia through Oceanview. We chose to index the s&p 500 but can change it yearly. It was designed to protect part of our portfolio from market downturns. It is a 7yr product with a cap. Will never lose money. No fee's. And it does not count on the overall assets under management fee my advisor charges. It's a protection product which was what we wanted. It does have some penalties for early withdrawl, but you can also w/d 10% a year without penalty. Not all annuities are bad, just depends what you want it to do in your overall portfolio.
We are going to 100% agree and this is why we made this video. Thanks for commenting!
Kai & Ann Chung
Thanks for all your videos! Your explanation of FIAs (this vid as well as your others) has helped a lot. For my specific situation, I'm convinced that I'll just continue option trading from my retirement accounts. By no means is this advisable for everyone, as it comes with greater risk and requires a certain mindset. For many, third party managed trading will work best. You have given great information for both sides, IMHO.
I'm looking forward to your next presentation about all the whopping 2024 Medicare increases.
Thank you again for watching. The fixed, indexed annuity may not be a good annuity for you, but have you ever thought a Hybrid Pension as a salary replacement?
@@kciis I haven't yet. In fact, I hadn't heard of it before your videos, so thanks for that. I'll be researching it now.
Just ran into you guys channel. Good stuff . I’m in the process of finishing my study to become a life insurance agent. Just want to make sure I learn important details before I schedule my exam. Question are you guys married?
Yes we are. We just forget to bring our rings since we have many times don’t wear it due to working out and house chores.
Best wishes for your licensing!
Wow great video! Thank you!
You’re welcome. Please check out our channel and you can click on playlists. There I recommend clicking on the playlist that says step one through four. This will help you have the right foundation to learn more about annuities and hybrid pensions. Rather than randomly looking at different videos.
Thank you for your support!
Excellent information clearly presented, thanks!.
Thank you!
Kai & Ann Chung
What do you know about, or think about Corebridge?
We are contracted with them and know them well.
However, I would encourage you to call our office so that we can help you lay the foundation first with our playlist. This way you can have the terminology and the concepts down to better understand the different models.
It’s like asking what do you think of Honda? Toyota has many models from motorcycles, van, sedan, coop, truck, and so forth.
So please give us a call and we will help guide you.
Kai & Ann Chung
408-502-7080
We just put 52k in a fixed annuity based on financial advisor at bank recommended. They said depending on the market we don’t touch for 5 years - could earn 6-10% … Athene is the name of the business. I hope we are ok. Bank Advisor said risk was low.
We work with Athene, as well!
If you wanted to make sure you are in the right place for your needs, please feel free to reach out to our office!
Kai & Ann Chung
408-502-7080
www.RetiringOptions.com
Love your videos!
I like the idea of a FIA, but can’t get past the fact that eventually you lose your initial ‘investment’. If you buy a $200k FIA, after several years your $200k is gone, but of course it is replaced with guaranteed lifetime income. Am I wrong or is this how all FIA work (you’re actually buying/paying for lifetime income? Thank you in advance and for your informative videos!
Thanks so much! You’re referring to the FIAs with Lifetime Income riders, correct? FIA’s by themselves do not lose their principal. Those are true for many annuities but not the good ones. You need to find the ones with the highest participation rates, no cap, and a solidi historical integrity with their rates.
Call us and we can help you. Refer to this comment when you call in.
Kai & Ann Chung
408-502-7080
I think the BIG issue with FIA's is that the values that the insurance company uses to calculate the return off the "index", can CHANGE throughout the investment period!!! The insurance company can change the return rate to whatever it wants, it is only "tracking" an index in the most loose sense. The formula values are NOT tightly and firmly integrated to the index.
This is why you need to look for a good companies. Just like anything, there’s always good and bad. And many times more bad than good. This is why we are independent and we represent over 50 plans. Most do not know the differences between their companies.
Feel free to give us a call if you like to learn the difference.
Thanks for watching!
Kai & Ann Chung
408-502-7080
@@kciis Said the spider to the fly. Just can't post those real world historic returns, can you? Hmmm, I wonder why?
Very informative video (thank you)! My advisor is recommending I move funds from a previous annuity (F&G Accumulator Plus 10 with Barclays Sector 5) to the Silac Denali 14 FIA as a better option. The F&G returned 0% over the past 2 years and I'm obviously not happy with a 0% return. Can I get your thoughts on the Silac Denali 14 FIA? I've read the company has recently been downgraded to a B+ rating by AM Best..
It’ll be best you give our office a call and you can set up an appointment. Only after we get to know you and your situation can we recommend or not recommend any annuities.
I hope that makes sense. It’s like someone asking what do you think of a Toyota Camry? It may be great for some people, but the entire vehicle itself would be horrible if you’re a construction contractor. Does that make sense?
You can reference this message when you call in.
Thank you!
Kai & Ann Chung
408-502-7080
THANK YOU!
You’re welcome! Thank you for watching.
If you enjoyed this video, here is our entire playlist if you would like to watch it. 😊
ruclips.net/p/PLhy55v5WCqkAmvcJtMqy2g6VsCSknV7vy&si=9OinimdCbFphS4bb
I have two 5 year FIA's. They are a couple of years old now. Doing Quite well. Okay, so what is 5% of 300,000.00? Much better than the markets of 2008. And if you take a look around, I bet you find many videos on a stock market crash coming soon. I also have a 5 cd ladder that isn't losing any money. My 401k continues to go up and down like a yo-yo.. I have no fees because I have no riders, etc.
Thanks for your feedback! This is what viewers need to see.
Hybrid income annuity you discussed in this video is basically FIA with a life time income rider. By choosing a life time income rider, are you basically annuitizing ? By annuitizing, you lose control of your assets? Isn't that the biggest disadvantage of this type of annuity?
No, you do not “annuitize.” It would not be a “rider” if it is annuitized. Please watch our annuity playlist to learn of the 5 types of annuities and also the 5 types of income riders. Thanks for asking!
ruclips.net/p/PLhy55v5WCqkAmvcJtMqy2g6VsCSknV7vy&si=vlicCIeXOO5-kjs0
The above is the playlist for all annuity types.
ruclips.net/p/PLhy55v5WCqkBbebnWQrfWGdLMhOA1geXM&si=6pQUl0aobvrs7-az
The second link is to help you better understand Hybrid Pensions and how they work.
Feel free to reach out to us as well.
Kai & Ann Chung
408-502-7080
I have pension of $1842 p mo is an Annuity on top of this a good idea? Hybrid Pension or a SPIRA as a bridge to SS
This definitely depends! There are other factors we consider before making a strategy recommendation. Please reach out to our office. We would love to give you your personal recommendation!
Kai & Ann Chung
408-502-7080
www.RetiringOptions.com
FIXED INDEX. Do not buy INDEX. Buy Fixed only Again, a FIXED annuity is like a CD with NO market risk.
Thanks, but the Fixed Indexed Annuities have NO market risks as well. Are you thinking of Variable Annuities?
Why are all you life insurance people giving out all this information on "annuities are good"... "annuities are bad" your confusing the shit out of people myself included.
I’m sorry you’re confused. The whole point of our videos is to give clarity that like everything, there are good ones and they are bad ones. This video is to discuss the disadvantages first since most insurance sales people always talk about their advantages. But the point of this video is to talk about both sides.
Keep in mind, This is only one video.
I would encourage you to go to our channel and go to the playlist and look for steps 1-4 playlist.
This will give you the foundation so that you’ll have more clarity.
In the meantime, feel free to give us a call if you would like to get learn more.
Kai & Ann Chung
408-502-7080
25 minutes? C’mon…. I don’t have that kind of time. Keep your content under 10 minutes.
Thanks for your suggestion