Stan's whole approach can fool ya. But I suppose in a good way. He rips on annuities with a caveat - They CAN be a wreck, or they can be good. The Difference is the honesty of the agent and diligence of the buyer. I salute that. For years the industry inculcated a motto of "Sell the Sizzle" to agents. That means to focus on the the best features foremost. Obviously, it was an inevitable train wreck to also fail to mention other features that might make the annuity purchase unsuitable for any specific consumer. Rather I would personally implore, "When you hear the sizzle, inspect the grease drawer." Now, it COULD BE a good steak! Truly! But you've got to work with an agent who insists that you pull out the grease drawer, and you know the downsides as well as the sizzle, to make a correct product choice. What I resent about Stan is that he has built his entire approach around convincing you that most of his own industry cohorts are dishonest and only he is not. He's harvesting people who are already thinking of an annuity, and diverting them and in the end he really wants to steal the sale, because - make no mistake - Stan is also an annuity salesman. He's looking for people who are already in the market, diverting the sale, and bringing it to himself. It's good that he informs you. His universal disrespect for his cohorts is an annoying marketing tactic. But if it works, perhaps I'm just more envious.
Bruce - thank you for the compliment? I think we are both on the same page. A person thinking about having annuities in their portfolio needs to understand them fully before purchasing. I'm sorry you feel I slam on the industry but if you got the calls I get from people who have been sold something they do not understand you would feel the same way. As with all industries, our industry has mostly good and honest sales people but there are some not so good people (or people who themselves don't fully understand what they are selling). My main goal is for people to fully educate themselves on annuities before purchasing them. Thanks for watching!!
Wow, your book has fewer pages than an annuity contract. An annuity is not an investment, it is sold by life insurance agents. That should make you think.... And then I look at the office buildings that insurance companies have their offices. I had a meeting with a "financial advisor" about transferring my accounts. It took him only 30 minutes to bring up these bad products. I said thank you and left.
You are correct. An annuity is a contract issued by life insurance companies. They aren't for everyone but can provide peace of mind for those who want to guarantee income or lock in an interest rate. Thanks for watching!
Lol what a dumbass comment - an annuity is a singular, unique and powerful financial instrument The benefits of leveraging the law of large numbers through an insurance carrier with an annuity cannot be replicated. A basic SPIA or income annuity is a perfect tool to guarantee a measure of income for as long as you live - if you put in $500k and the company agrees to pay you 4% if you lice to be 120 they must contractually pay you out that 4% even if it is double the amount you put in via your principal. Purchasing an annuity to cover inflation adjusted basic cost of living expenses has always been and continues to be a top strategy. The idea that the company is winning or buying a “nice office” with your money is simply idiotic An annuity is not an investment - likewise investments are not efficient fro retirement income distribution - Harry Markowitz who developed moser portfolio theory said as much after wining the Nobel prize - an annuity provides guaranteed income to the annuitant in retirement in the face of unique risks exclusive to retirees - longevity risk (outliving ones assets) - sequence of return risk (selling or withdrawing investment assets at a loss or in negative market return year) as well as inflation If you know anyone with a pension - or if you dissect a pension - the assets are going into the market to accumulate at the highest possible rate and then converted to actuarial products like annuities to provide guaranteed income for life - so yea if you think a pension is a bad “product” then roll your dice with an investment only approach 🙄 “DaVE RamSeY SaYs AnnuiTiES ArE BaD” 🤡🤡🤡
If I start say a 7 year FIA and attach an income rider, do I have to keep the FIA till I die in order to get the guaranteed income for life stream from the income rider? If so, and on the way to my death date (paying 1% or more annual income rider fee) and I turn on the income stream at some point, am I depleting the FIA until zero and then the Income rider kicks in?
So you either break even or gain interest? Im just looking to pay into something now while working, traveling, and not paying rent or bills. Then be able to cash in later and live off grid on my property. I feel that with my lifestyle I’d be able to put more in without the worry of other “regular life” expenses that everyone else has to deal with. I live in a camper so I feel I don’t really have much to loose 😂
Nicky - FIAs will not go down so will protect against a stock market crash. You may not have any gain in a year (or more), but your account will not go down. As far as protection, I address this in other videos but to answer your question, insurance companies are regulated at the state level. Each state has a guaranty fund in place in case an insurance company goes under. Here is a website where you can check your state's coverage. www.nolhga.com/policyholderinfo/main.cfm. Thanks for watching!
@@StanTheAnnuityMan Thanks for the info. Lets say someone puts100, 200 or even $500k or more in an FIA just for safe keeping. Then 2 years later the economy goes south and some of the funds will be needed. Can it be accessed without a tax hit?
@@matrox Most FIAs have a withdrawal provision, but you can't get away with not paying taxes. When funds are taken out of an annuity they come out LIFO; Last In First Out. That means any interest is paid out first. Unless you use Roth IRA funds to purchase the annuity, anything taken out will be taxed at ordinary rates until you get to your principal on non-qualified funds. If you use IRA funds to purchase the annuity, then everything would be taxable once taken out. Additionally, if you are under 59 1/2 when you take funds out there is a 10% tax penalty on gains. The FIA will protect you from a market crash, but not the IRS.
Hi Stan, I came across this video while searching for info on "fixed guaranteed growth annuity" used by USAA. Is their terminology pretty much the same as a fixed index annuity? Thanks for any help.
Looking at the public information USAA has on their site, this product is a MYGA, not a fixed index annuity. You can check rates for MYGAs on my site - www.stantheannuityman.com/myga-rates
Greg - unfortunately there isn't a lot of public information about actual FIA returns. Kerry Pechter wrote an article last year that discusses that. Here is a link. retirementincomejournal.com/article/2011-2020-fia-returns-were-modest-data-suggests/
How Much Income Do I Need In Retirement? ruclips.net/video/p5C_nXMTxbA/видео.html
The only annuity that is acceptable to my situation is the straight FIXED ANNUITY!❤❤❤!
Will do, not might do! Thanks for watching!
Having a "real life" example to walk through the actual purchase of an annuity would be helpful.
We have a few videos on that topic. Here is one to check out:
ruclips.net/video/uIN8o_td4ns/видео.html
I just requested your free books on Fixed Indexed Annuities. I would like to learn more low risk investments. Nice video. Thanks for sharing
Wonderful! I hope you enjoy the books.
Stan's whole approach can fool ya. But I suppose in a good way. He rips on annuities with a caveat - They CAN be a wreck, or they can be good. The Difference is the honesty of the agent and diligence of the buyer. I salute that.
For years the industry inculcated a motto of "Sell the Sizzle" to agents. That means to focus on the the best features foremost. Obviously, it was an inevitable train wreck to also fail to mention other features that might make the annuity purchase unsuitable for any specific consumer.
Rather I would personally implore, "When you hear the sizzle, inspect the grease drawer." Now, it COULD BE a good steak! Truly! But you've got to work with an agent who insists that you pull out the grease drawer, and you know the downsides as well as the sizzle, to make a correct product choice.
What I resent about Stan is that he has built his entire approach around convincing you that most of his own industry cohorts are dishonest and only he is not. He's harvesting people who are already thinking of an annuity, and diverting them and in the end he really wants to steal the sale, because - make no mistake - Stan is also an annuity salesman. He's looking for people who are already in the market, diverting the sale, and bringing it to himself.
It's good that he informs you. His universal disrespect for his cohorts is an annoying marketing tactic. But if it works, perhaps I'm just more envious.
Bruce - thank you for the compliment? I think we are both on the same page. A person thinking about having annuities in their portfolio needs to understand them fully before purchasing. I'm sorry you feel I slam on the industry but if you got the calls I get from people who have been sold something they do not understand you would feel the same way. As with all industries, our industry has mostly good and honest sales people but there are some not so good people (or people who themselves don't fully understand what they are selling). My main goal is for people to fully educate themselves on annuities before purchasing them. Thanks for watching!!
Wow, your book has fewer pages than an annuity contract. An annuity is not an investment, it is sold by life insurance agents. That should make you think.... And then I look at the office buildings that insurance companies have their offices.
I had a meeting with a "financial advisor" about transferring my accounts. It took him only 30 minutes to bring up these bad products. I said thank you and left.
You are correct. An annuity is a contract issued by life insurance companies. They aren't for everyone but can provide peace of mind for those who want to guarantee income or lock in an interest rate. Thanks for watching!
Wow, what an intelligent comment. You are worried about the buildings that insurance companies have.
Lol what a dumbass comment - an annuity is a singular, unique and powerful financial instrument
The benefits of leveraging the law of large numbers through an insurance carrier with an annuity cannot be replicated. A basic SPIA or income annuity is a perfect tool to guarantee a measure of income for as long as you live - if you put in $500k and the company agrees to pay you 4% if you lice to be 120 they must contractually pay you out that 4% even if it is double the amount you put in via your principal.
Purchasing an annuity to cover inflation adjusted basic cost of living expenses has always been and continues to be a top strategy.
The idea that the company is winning or buying a “nice office” with your money is simply idiotic
An annuity is not an investment - likewise investments are not efficient fro retirement income distribution - Harry Markowitz who developed moser portfolio theory said as much after wining the Nobel prize - an annuity provides guaranteed income to the annuitant in retirement in the face of unique risks exclusive to retirees - longevity risk (outliving ones assets) - sequence of return risk (selling or withdrawing investment assets at a loss or in negative market return year) as well as inflation
If you know anyone with a pension - or if you dissect a pension - the assets are going into the market to accumulate at the highest possible rate and then converted to actuarial products like annuities to provide guaranteed income for life - so yea if you think a pension is a bad “product” then roll your dice with an investment only approach 🙄
“DaVE RamSeY SaYs AnnuiTiES ArE BaD” 🤡🤡🤡
If I start say a 7 year FIA and attach an income rider, do I have to keep the FIA till I die in order to get the guaranteed income for life stream from the income rider? If so, and on the way to my death date (paying 1% or more annual income rider fee) and I turn on the income stream at some point, am I depleting the FIA until zero and then the Income rider kicks in?
For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
So you either break even or gain interest?
Im just looking to pay into something now while working, traveling, and not paying rent or bills. Then be able to cash in later and live off grid on my property. I feel that with my lifestyle I’d be able to put more in without the worry of other “regular life” expenses that everyone else has to deal with. I live in a camper so I feel I don’t really have much to loose 😂
Thanks for watching! Book a call with me and we can discuss the best direction for you. www.stantheannuityman.com/book-a-call/.
Can I still get your books ? If so, please provide the link.
Please send us an email with your shipping information and we will get that out to you:
stan@theannuityman.com
by cj not sh whatever you do... i do not recommend athene annuity... they won't even call us back and explain why they stopped the payments.
Sondra - I'm sorry you are having a bad experience with Athene. Thanks for watching!
So are FIAs good against a stock market crash? What if the Insurance co. backing it goes under. Whats your protection?
Nicky - FIAs will not go down so will protect against a stock market crash. You may not have any gain in a year (or more), but your account will not go down. As far as protection, I address this in other videos but to answer your question, insurance companies are regulated at the state level. Each state has a guaranty fund in place in case an insurance company goes under. Here is a website where you can check your state's coverage. www.nolhga.com/policyholderinfo/main.cfm. Thanks for watching!
@@StanTheAnnuityMan Thanks for the info. Lets say someone puts100, 200 or even $500k or more in an FIA just for safe keeping. Then 2 years later the economy goes south and some of the funds will be needed. Can it be accessed without a tax hit?
@@matrox Most FIAs have a withdrawal provision, but you can't get away with not paying taxes. When funds are taken out of an annuity they come out LIFO; Last In First Out. That means any interest is paid out first. Unless you use Roth IRA funds to purchase the annuity, anything taken out will be taxed at ordinary rates until you get to your principal on non-qualified funds. If you use IRA funds to purchase the annuity, then everything would be taxable once taken out. Additionally, if you are under 59 1/2 when you take funds out there is a 10% tax penalty on gains. The FIA will protect you from a market crash, but not the IRS.
@@funwithannuities Thanks again.
@@funwithannuities Correct. The IRS always gets their share.
Hey man I had a quick question. Is someone able to rollover their free withdrawal amount from their FIA into an IRA without getting taxed?
If the FIA is set up as an IRA, yes you can move from IRA to IRA. Thanks for the question.
Hi Stan, I came across this video while searching for info on "fixed guaranteed growth annuity" used by USAA. Is their terminology pretty much the same as a fixed index annuity? Thanks for any help.
Looking at the public information USAA has on their site, this product is a MYGA, not a fixed index annuity. You can check rates for MYGAs on my site - www.stantheannuityman.com/myga-rates
@@StanTheAnnuityMan Thanks again. I received all the free books you offer yesterday!
@@dcordero1 I'm glad you received the books.
What is this "CD" you keep talking about?
CD refers to Certificate of Deposit. Thanks for watching.
How do i get a copy of the book
Samson - you can request the book at our website: www.stantheannuityman.com/how-do-annuities-work. Thanks for watching!
Ive seen plenty of Hypothetical Returns but would like to see real data! Is that possible?
Greg - unfortunately there isn't a lot of public information about actual FIA returns. Kerry Pechter wrote an article last year that discusses that. Here is a link. retirementincomejournal.com/article/2011-2020-fia-returns-were-modest-data-suggests/