Thank you so much for the kind words and trust in The Annuity Man! I'm glad you love the video and congratulations on your annuity purchases! With those SPIAs and MYGAs, you’ve taken solid steps toward building that secure foundation for your retirement. If you ever need anything else or have questions about your annuities, don’t hesitate to reach out.
Every annuity sales person I have ever delt with, when I tell them what I want, goes into the schpeel about different products. I know what I want to buy, but it is not what they want to sell. I can go on the internet and buy hindreds of investment products. But for annuities, I have to put up with all the fear mongering about running out of money and 50% market crashes. None of them have set down, looked at what we get from SS, what our expenses are and what our porfolio returns a year.All they seem to see is the porfolio size and immediately go into the sales schtick to get as much into whatever product THEY feel we need to be in. Sorry for the rant. But I have a really bad taste in my mouth with annuity salespeople or financial advisors who sell one companies product.
I completely understand where you're coming from. Unfortunately, many people experience the same frustration with annuity salespeople who don't take the time to listen and understand their unique needs. Here at The Annuity Man, we do things much differently. We’re the #1 Annuity Agents in the country because our approach is centered on you-not on selling products you don't need or want. If you'd like, give us a call and we’ll help you navigate your options with the transparency and care you deserve. We're here to help in any way we can. www.stantheannuityman.com/book-a-call
Have bought 3 MYGA's from Stan, no issues and seamless easy as pie. And love those 5.8% rates I am getting these days. Run the inflation risk, but what is not a risk short of TIPS but they don't come close now
Thank you for your continued trust and for sharing your experience! It’s great to hear how seamless and easy the process was for you. Those 5.8% rates are definitely a strong selling point, especially in today’s market. As you mentioned, all investments carry some form of risk, but MYGAs offer a solid, predictable return without the volatility of the stock market. While inflation risk is always a consideration, it’s about finding the right balance for your financial goals. You’re right-TIPS have their place, but they don’t always match the current appeal of MYGA rates. Thanks again for your feedback, and I’m here for any future needs!
Using a Fixed Annuity as a bond replacement can be a smart strategy for managing risk, especially compared to having 100% of your portfolio in mutual funds, bonds, or other market-sensitive assets. Fixed Annuities provide a guaranteed income stream, which can offer stability and protection from market volatility. Unlike mutual funds and bonds, Fixed Annuities are not subject to market fluctuations, giving you peace of mind that your principal is protected. This can be a solid way to diversify your portfolio and manage risk, especially in uncertain economic times.
Great video. Definitely believe you need to look at all the financial tools to feel better about your future. Stan since you've been in the Annuity biz so long, can you provided general feedback from clients and there feelings about their annuities once they have been receiving income for 5 or 10 years?
Stan, I 100% agree that the services you provide would be complementary to the services that Dave provides. You are more focused on establishing the safe foundation of a retirement plan, aka the floor to meet living expenses without out worry of market turbulence. Dave, on the other hand, tends to focus on the growth side of the portfolio. A plan that allows the individual experience both growth and an element of SWAN (sleep well at night) would not use an all or nothing approach. This is why we have different tools in the toolbox! Would you trust a mechanic who promises to fix your car with a hammer and only a hammer?
Thanks for the thoughtful comment! You’re absolutely right - building a retirement plan isn’t about choosing one approach over the other. It’s about creating a balance. As you mentioned, you wouldn’t trust a mechanic who only uses one tool, a well-rounded retirement strategy uses all the right tools for the job. It’s about giving clients peace of mind!
That’s a smart strategy! By using an annuity to create a solid floor alongside your Social Security, you're ensuring a reliable income stream for yourself while allowing your IRA to grow untouched. This approach not only offers peace of mind for your retirement but also sets you up to pass along a larger, more secure inheritance to your kids.
Dave R. says never buy an annuity or cash value life insurance. They are a financial tool, just like a mutual fund. Not using all the tools available is stupid. He once told a man with a disabled son to buy a term life insurance policy. If there was EVER a situation that warranted permanent life insurance, this was it. I never listened to him again.
I completely understand your frustration with Dave R.’s advice. Annuities and cash value life insurance can be incredibly useful tools, depending on your unique financial situation and goals. At Stan The Annuity Man, we don't take a one-size-fits-all approach. We evaluate each client's needs thoroughly before recommending any product, ensuring it's the best fit for their specific circumstances.
A bond ledder of treasury bonds would be a better option for a bit higher return, more safety and a lot more flexibilty. But an annuity is better for the average Joe. An annuity grows tax free which makes it more attractive in a non IRA/401K account. Assuming 5% bond rates (true in Jan, 2025), one can invest $100,000 by splitting it as follows:: $7K - first year, $7k/1.05 - 1 year bond , $7k/1.05^2 - 2 year bond,... $7k/1.05^22 - 22 year bond. For a 65 year old man, $103,500 will pay close to 7% for 25 years which is away more than typical life expactancy.
@@jayholiday256 He most likely is getting kick backs from mutual fund companies. They can afford to pay him because they make alot more money by charging much higher expense ratios than ETFs.
I was planning to purchase a SPIA when I retire several years from now using savings I've accumulated in a 403(b) account using pre-tax dollars deposited on my behalf by my employer. Would the annuity so purchased remain within the 403(b) account?
Great questions! For me to give you an answer about your specific situations, please feel free to book a call with us: www.stantheannuityman.com/book-a-call
To me nothing wrong with an annutiy for garunteed payments if one can afford to buy one. I bought one that has an income rider so will stary at 33600 and move up to 45k. This is above and beyond the other 2.4 million in IRAs. Dave is not worth listening to he is my way or you're stupid. No one needs to be exposee to a jackass like that.
@@lisamccormick2229 But he is totally ignorant about Mygas and Spias, which is the point.No fees, no risk and insured guarantees, There are NO guarantees with his phantom 9% market returns. IF you have something selling you something ...you are on you own.
Dave Ramsey is good for getting out of debt. His advice on annuities and life insurance is terrible. Ramsey is only a financial entertainer. Much of what he advises is wrong.
I have seen this video before but love it! Also, I just bought 4 annuities (2 SPIA's & 2 MYGA's) from Stan the Annuity Man!!! Thanks Stan!!!!
and 2 of the annuities that I bought were in my SEP IRA!
Thank you so much for the kind words and trust in The Annuity Man! I'm glad you love the video and congratulations on your annuity purchases! With those SPIAs and MYGAs, you’ve taken solid steps toward building that secure foundation for your retirement. If you ever need anything else or have questions about your annuities, don’t hesitate to reach out.
Every annuity sales person I have ever delt with, when I tell them what I want, goes into the schpeel about different products. I know what I want to buy, but it is not what they want to sell.
I can go on the internet and buy hindreds of investment products. But for annuities, I have to put up with all the fear mongering about running out of money and 50% market crashes. None of them have set down, looked at what we get from SS, what our expenses are and what our porfolio returns a year.All they seem to see is the porfolio size and immediately go into the sales schtick to get as much into whatever product THEY feel we need to be in.
Sorry for the rant. But I have a really bad taste in my mouth with annuity salespeople or financial advisors who sell one companies product.
I completely understand where you're coming from. Unfortunately, many people experience the same frustration with annuity salespeople who don't take the time to listen and understand their unique needs. Here at The Annuity Man, we do things much differently. We’re the #1 Annuity Agents in the country because our approach is centered on you-not on selling products you don't need or want.
If you'd like, give us a call and we’ll help you navigate your options with the transparency and care you deserve. We're here to help in any way we can.
www.stantheannuityman.com/book-a-call
Have bought 3 MYGA's from Stan, no issues and seamless easy as pie. And love those 5.8% rates I am getting these days. Run the inflation risk, but what is not a risk short of TIPS but they don't come close now
Thank you for your continued trust and for sharing your experience! It’s great to hear how seamless and easy the process was for you. Those 5.8% rates are definitely a strong selling point, especially in today’s market. As you mentioned, all investments carry some form of risk, but MYGAs offer a solid, predictable return without the volatility of the stock market. While inflation risk is always a consideration, it’s about finding the right balance for your financial goals. You’re right-TIPS have their place, but they don’t always match the current appeal of MYGA rates. Thanks again for your feedback, and I’m here for any future needs!
Using a fixed annuity as a bond replacement manages risk vs. having 100% at risk in mutual funds and bonds, etc.
Using a Fixed Annuity as a bond replacement can be a smart strategy for managing risk, especially compared to having 100% of your portfolio in mutual funds, bonds, or other market-sensitive assets. Fixed Annuities provide a guaranteed income stream, which can offer stability and protection from market volatility. Unlike mutual funds and bonds, Fixed Annuities are not subject to market fluctuations, giving you peace of mind that your principal is protected. This can be a solid way to diversify your portfolio and manage risk, especially in uncertain economic times.
Great video. Definitely believe you need to look at all the financial tools to feel better about your future. Stan since you've been in the Annuity biz so long, can you provided general feedback from clients and there feelings about their annuities once they have been receiving income for 5 or 10 years?
3 yr myga in Wisconsin today 5.2%
Is the income on an indexed annuity inside a Roth not taxed ?
Great question! I cover this topic in detail below:
www.stantheannuityman.com/learn/are-roth-ira-annuity-payments-taxed.
Stan, I 100% agree that the services you provide would be complementary to the services that Dave provides. You are more focused on establishing the safe foundation of a retirement plan, aka the floor to meet living expenses without out worry of market turbulence. Dave, on the other hand, tends to focus on the growth side of the portfolio. A plan that allows the individual experience both growth and an element of SWAN (sleep well at night) would not use an all or nothing approach. This is why we have different tools in the toolbox! Would you trust a mechanic who promises to fix your car with a hammer and only a hammer?
Thanks for the thoughtful comment! You’re absolutely right - building a retirement plan isn’t about choosing one approach over the other. It’s about creating a balance. As you mentioned, you wouldn’t trust a mechanic who only uses one tool, a well-rounded retirement strategy uses all the right tools for the job. It’s about giving clients peace of mind!
I agree I got an annuity to give me a better floor with my social security.
This allows me to hopefully let my IRA grown untouched to go to my kids.
That’s a smart strategy! By using an annuity to create a solid floor alongside your Social Security, you're ensuring a reliable income stream for yourself while allowing your IRA to grow untouched. This approach not only offers peace of mind for your retirement but also sets you up to pass along a larger, more secure inheritance to your kids.
Dave R. says never buy an annuity or cash value life insurance. They are a financial tool, just like a mutual fund. Not using all the tools available is stupid. He once told a man with a disabled son to buy a term life insurance policy. If there was EVER a situation that warranted permanent life insurance, this was it. I never listened to him again.
I completely understand your frustration with Dave R.’s advice. Annuities and cash value life insurance can be incredibly useful tools, depending on your unique financial situation and goals. At Stan The Annuity Man, we don't take a one-size-fits-all approach. We evaluate each client's needs thoroughly before recommending any product, ensuring it's the best fit for their specific circumstances.
commissions / surrender charges? rates are going up?
How about this? Total retirement income = 40% from soc sec + 60% from 401K. 401K = bonds/international/S&P500 index funds.
I think in simple terms Dave Ramsey is bullish on Mutual Funds while Stan is very conservative. Just my opinion.
Dave Ramsey has never heard of low or no expense ratio stock index ETF's?
A bond ledder of treasury bonds would be a better option for a bit higher return, more safety and a lot more flexibilty. But an annuity is better for the average Joe. An annuity grows tax free which makes it more attractive in a non IRA/401K account. Assuming 5% bond rates (true in Jan, 2025), one can invest $100,000 by splitting it as follows:: $7K - first year, $7k/1.05 - 1 year bond , $7k/1.05^2 - 2 year bond,... $7k/1.05^22 - 22 year bond. For a 65 year old man, $103,500 will pay close to 7% for 25 years which is away more than typical life expactancy.
How do we get a stan annuity man tshirt?😊
Can anyone here explain their annuity and what riders they have?
Ramsey only good advice - don't get in debt, get out of debt. Other than that he is a huckster, making garbage up as he goes. Don't be a fan.
Agree. Sadly Dave ventures into a lot of places that he is not qualified to discuss.
@@HomeLoansByCarlosScarpero No surprise, after all he is a very devoted Christian who likes Trump. 🤣😂
He made up most of his advice 30 years ago, some was right, some was wrong, and it is crazy outdated
@@jayholiday256 He most likely is getting kick backs from mutual fund companies. They can afford to pay him because they make alot more money by charging much higher expense ratios than ETFs.
@@shawn2380 Unfortunately, Dave Ramsey is only a financial entertainer.
I was planning to purchase a SPIA when I retire several years from now using savings I've accumulated in a 403(b) account using pre-tax dollars deposited on my behalf by my employer. Would the annuity so purchased remain within the 403(b) account?
Great questions! For me to give you an answer about your specific situations, please feel free to book a call with us:
www.stantheannuityman.com/book-a-call
I thought you are bold to correct Chester. Well Dave is Chester in this case. Speak up!
Look like tiaa traditional
To me nothing wrong with an annutiy for garunteed payments if one can afford to buy one. I bought one that has an income rider so will stary at 33600 and move up to 45k.
This is above and beyond the other 2.4 million in IRAs.
Dave is not worth listening to he is my way or you're stupid. No one needs to be exposee to a jackass like that.
Problem is Dave is he speaks in absolutes.
Stan- you are too nice to Dave.
Ramsey and his ignorance of guarantees is beyond belief.
That’s because he has class. It makes him more credible.
@@lisamccormick2229 But he is totally ignorant about Mygas and Spias, which is the point.No fees, no risk and insured guarantees, There are NO guarantees with his phantom 9% market returns. IF you have something selling you something ...you are on you own.
Dave Ramsey is good for getting out of debt. His advice on annuities and life insurance is terrible. Ramsey is only a financial entertainer. Much of what he advises is wrong.
You are being very kind to Dave like you are afraid of him