How do Annuities Work? With David Lau
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- Опубликовано: 12 авг 2024
- People have been turned off by annuities because of the fees and penalties that are often associated with them. My guest this week on “Retirement Revealed”, David Lau of DPL Financial, brings some interesting insight into the world of annuities that will make you rethink your approach.
After all, who wouldn’t like a more protected retirement investment opportunity that can withstand major downturns?
#annuity #annuityinvestment #retirementplanning #retirementinvesting #earlyretirement #pension #pensionplanning #retirementrevealed #mrretirement
Chapters:
0:00 David Lau, Retirement Revealed Guest
2:18 Why Annuities are Controversial
6:35 Why Annuities Can Work in Retirement
8:55 Annuity Horror Story
11:16 When Annuities Make Sense
13:34 A New Way of Doing Annuities
17:55 Risk Tolerance in Annuities
19:42 How Advisors Get Paid in New Annuity Format
23:43 Why Finance Experts Support Annuities
26:05 How Financial Advisor Backgrounds Affect Their Advice
34:24 How David Lau Plans His Retirement
36:00 Conclusion
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Maximize Your Retirement Income!
Lower Your Lifetime Tax Bill
Avoid Mistake with Your Pension
Get the Most out of Social Security
Don’t miss out on the money you deserve in retirement - just because you got the timing wrong!
If you’re trying to find the answers to these questions:
- How do I get the most money out of my Social Security & Pension?
- How do I lower my lifetime tax bill?
- How do I turn my $500k+ retirement savings into retirement income?
Then schedule an intro call with the team at Keil Financial Partners:
calendly.com/d/3wq-24m-d4p
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Jeremy Keil, aka “Mr. Retirement” and Keil Financial Partners offer retirement planning services focused on retirement income and tax planning, Social Security and pension claiming decisions, health & life insurance analysis and estate planning strategies.
For important disclosures, see www.keilfp.com/important-disclosures
Excellent discussion, gents; thanks very kindly!
Glad you enjoyed it!
Great insight. 🎉🎉🎉
Glad it was helpful!
What an amazing guy David Lau is. Insurance (high commission) annuity (high commission) I am an insurance agent that loves commissions and if you stick with me for 7-21 years you might do ok. WOW
I think you proved his point that when you hear the word annuity you think of commissions.
Excellent video. I do my own investments and own research and let me say this about commissions as it pertains to insurance products. If I get VALUE for the commission (which I know is subjective) it is worth it if it is a fair commission. For example I have all my insurance with a local agent and I can pick up the phone and talk or go to the office. The last car purchase, while in the showroom I purchased an on line auto policy. Six months later when they raised my rates I tried to get them on the phone as that is the way they did business and it was total garbage in the way they treated me so I canx and put it on the other policies with my local guy. Maybe I pay more but I am paying for the personal service. The bottom line, do you get value for the money?
great way to look at it!
I got a couple index annuities a couple years ago to replace some of my “bond” investments. I am paying 1.7% to get a higher participation rate. So far they have not made $ yet due to the bear market we just came out of.
Hopefully this year makes up for it
Best wishes! It’s looking good so far this year!