“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  What are Black Swan Events?  How current events affect everything  Making a decision solely for your life  Considering guarantees always    Key Takeaways:  When something strange happens, something you’re not prepared for, something you’re not used to seeing, or an event that’s entirely unique, then it’s a black swan.  In just 90 days, we’ve seen interest rates move up and then down because of Russia's invasion of Ukraine. This event affects everything.  Forget the black swan event. Making decisions around annuities should always be based on your situation, about what you’re trying to do right now.  Own an annuity not for what it might do but for what it will do. It should always come down to the contractual guarantees.    " Fear and greed always sell, but please don’t allow that to happen to you. Black swan events do happen - it seems that they happen a lot. You cannot put your retirement plans on hold for a black swan event." —  Stan Haithcock.     Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

In this episode, The Annuity Man and Michael Finke discuss:  Delaying your decision to claim  Insulating your income from volatility  Inflation is personal  Consequences of not annuitizing   Key Takeaways:  If you have a good reason to expect that you’re not going to live as long as an average American, then it makes sense to claim early. Unless, you have a spouse who can continue to receive your benefit.  Anybody who’s using stocks to compare the present value of future guaranteed income is insane. Insulate a portion of your income stock-market volatility, that’s just the right thing to do both mathematically and psychologically.  Inflation is personal. It affects each person differently. When you’re planning for retirement, pay attention to what percentage of your expenses are subject to increases in inflation and what are “stable nominal expenses”.  Stocks will be more volatile, and bonds less volatile. Either way, there is a lot of probability and risks involved.    "Essentially what you're doing when you’re delaying social security is that you are buying more of a government-provided, inflation-protected, annuity." —  Micheal Finke    Connect With Micheal Finke: Website: http://www.michaelfinke.com/  LinkedIn:  https://www.linkedin.com/in/michael-finke-8134808/  Facebook: https://www.facebook.com/mfinke  Twitter: https://twitter.com/FinkeonFinance    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 care benefit rider.  Getting standalone long-term care is not as good as getting it as a rider for an insurance policy. As a rider, the 1%, 2%, or 3% benefit can be turned on or off as needed, which means you’ve got a lot of choice in the matter and that the money won’t disappear in case you don’t get to use it.  If you want to beat life insurance with investing, you’d need to earn 10% of your money every year for the next 30 years. If you can do that, you should be running a hedge fund.  When looking at high cash value policies, don’t fall for “tax-free income”; it’s actually a loan.    "There are no silver bullets - there’s nothing out there that’s always the right answer, or never the right answer." —  Bill Black.   Connect with Bill Black: Website: http://www.whbco.com/  LinkedIn: https://www.linkedin.com/in/whblack/    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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, inflation-protected, government-backed annuity on the planet.  Garbage in, garbage out. Similarly, if you go into something with realistic assumptions, you’ll get real answers with no-nonsense.  The more you pay in fees, the lower your returns will be. Don’t put all your eggs in one basket. Know the odds of a game before you play. Don’t lend your money to someone who can’t pay you back.    "In 8 words, investing is ‘minimizing expenses and emotions, maximizing diversification and discipline.’" —  Allan Roth    Connect with Allan Roth : Website:  https://daretobedull.com  Twitter: https://twitter.com/Dull_Investing    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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.  Blockchain technology is legit, but cryptocurrency is a risk-asset class; it has no stored value. It’s a way for people to trade something.  Outsourcing products overseas is dangerous. A disruption in their area could cause huge supply chain problems.  The most critical time investing is the three to four years before you retire and the three to four years after you retire. You can’t take a chance on luck when you retire.    "We’re going back to an era where diversification is king. You need to have different asset classes, different sectors, different size stocks. You need to be diversified." —  Owen Schrum.        Connect with Owen Schrum: Website: https://www.schrumpw.com/  LinkedIn: https://www.linkedin.com/in/owen-schrum-24319417/  Twitter: https://twitter.com/SchrumOwen    YouTube: https://www.youtube.com/channel/UCbT6r4ywyZ98UsbrHm_m_zg    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 of protection from an annuity contract. Protection against uncle sam, protection of your principle, death benefit, and income benefit.  Consumers deserve to get the contractual guarantees rather than the contract that financial advisors think they want. Advisors have the responsibility to mold it according to the client’s needs.  Comparison of annuity programs isn’t that useful of a discussion since they are all different and serve different needs. It’s much better to figure out the need first then configure the contract accordingly.    "Depending upon what gaps you’re filling in a broader financial plan, you can take one of these contracts and configure it so that it fits within that plan as opposed to the other way around" —  Gary Baker.    Connect with Gary Baker: Website: https://www.cannex.com    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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.  Inflation will affect each one differently, but it will affect everybody somehow - especially in general needs, such as an increase in food prices.   It’s easy for politicians to paint all rich people as evil, forgetting that most people with a lot of money scrimped, saved, and worked their whole lives for it.  Retirement is not relevant to when to claim your social security. What’s relevant is if your benefits will go up if you delay a year or how does it match your life expectancy.    "They link the two - retirement and claiming as if they’re the same thing. If you got our reports, you will see when the optimal time is to claim - and we don’t ask you when you’re gonna retire… If you’re gonna do an optimization of this - that’s not directly relevant to the issue." —  Jeff Miller.    Connect with Jeff Miller: Website: www.socialsecuritychoices.com    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 two-year period or three-year period, you’ll see that the chance of you losing money in a long period of time goes down until it’s nonexistent.  Hybridization brings in the best features of a fixed annuity and the features of a variable annuity - which gives upside growth and brings them together into the index annuity.  Regulators look at index annuities closely; there’s lots of disclosure and lots of innovation. The range of expectations is broadening.    "The longer that you measure the equity markets, the higher probability that you’re gonna have a predictably higher rate of return… " —  John Lenz.     Connect with John Lenz: Website: https://www.lenzfinancial.com  Email: john@lenzfinancial.com    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!   

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 healthcare. Medicaid, on the other hand, is financial aid for lower-income.  People today are not getting the most benefits out of their medicare because many salespeople are more passionate about selling than educating.  Be wary of misinformation, do not surrender the rights you are entitled to, lose out on the benefits of your Medicare program that you worked for your entire life, and don’t get swindled out of contractual guarantees by people who offer supplemental benefits.  The last thing you want to do is buy a Medicare plan because of its brand, because you’ve heard from someone else, or because you’ve seen it on TV. Consult with a trustworthy expert, or at the least, spend a lot of time doing research.   "Original medicare has everything that we’ve ever dreamed of health insurance having, that we’ve never had - it’s completely transparent and has accountability on every side." —  Ellie Saul.    Connect with Ellie Saul: Website: https://www.mamabearmedicare.com/  Instagram: https://www.instagram.com/mamabearmedicare/  Facebook: https://www.facebook.com/MamaBearMedicare  YouTube: https://www.youtube.com/channel/UCWCg5pmr76wwEYSMRQUXblQ    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!   

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 secure and is only seen by the people who need to see it.  Utilizing Zoom for a video call makes everything secure and easier for everyone involved in the annuity application process.  With qualified funds, it must transfer from company to company with the correct forms.  Insurance companies are trying to make it easier, but they tend to be slower about it. The process may take a bit longer than you think it is going to take.    "The comment I get quite a bit is, ‘Wow, that was way easier than I thought it was going to be!’ When doing an application, there are a lot of pages to do, but you don't have to do them yourself. We're doing the pages. We're just asking you questions and you're answering them." —  Leah Brandt      Connect with Leah Brandt: Website: https://theannuityman.com LinkedIn: https://www.linkedin.com/in/leah-brandt-b383077/     Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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. You need a steady income guarantee at the minimum in order to enjoy your retirement.  The scenario you want to avoid is, for example, you live until 85 or 90 and you won’t have any money to spend to continue living. Without an annuity, you’ll be forced to cut your savings and investments into small little pieces for it to last.  People don’t feel comfortable spending money, so the tendency is that they don’t live as well as they should have while they could. We’ve been conditioned to believe thrift is good and it is, but accumulating without enjoying it would be a waste of life.  Annuities and investments are two very different things and serve two very different purposes. Never get them confused. The goal with investment is growth, while annuities provide a steady income stream and risk-transfer.    "The best way to approach it is, what are you gonna use the money for? Because money is just green paper... why not begin with how you wanna live in retirement and what sort of legacy you want to lead…" —  Michael Finke    Connect with Michael Finke: Website: http://www.michaelfinke.com/  LinkedIn:  https://www.linkedin.com/in/michael-finke-8134808/  Facebook: https://www.facebook.com/mfinke  Twitter: https://twitter.com/FinkeonFinance    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 you’ll get ‘market-like returns’, take your money and run. They don’t know what they’re talking about.   Index annuities are not an investment, they're transfer risk, principle protection products because the worst-case scenario is that you don’t lose any money.     “Don’t ever-ever-ever confuse features on an annuity with benefits. Never” —  Mr. FIA-X      Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 towards not depleting their portfolio, they want to live off of the income.  As you age, your probability of making a poor decision increases. At the same time, the gap increases between your perceived ability to make good decisions and your actual abilities.  Blockchain technology is real, it has some potential public use but the value of cryptocurrency is effectively speculative and most investors are young people who have never seen market downturns.  Don't focus on the fact that it could drop in value, focus on how it does in creating sustainable income.    "The best thing you can do is to make 'easy buttons' and a way to enjoy retirement where you're not stressed out all the time when the market goes down." —  David Blanchett    Connect with David Blanchett: Website: https://www.davidmblanchett.com/  LinkedIn: https://www.linkedin.com/in/david-blanchett-b0b0aa2/    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 minimize the risk.  People want a personal pension and a guaranteed paycheck for life, but they don’t want an annuity. That’s absurd, because that’s exactly what an annuity is and people have it already in the form of social security, because it’s such a good thing, they would want to have another one.  We’ve trained people to be good investors, in that they must always ask how they can maximize returns. But there is no ROI in retirement, not until you die, so we need to keep talking about how minimizing the risks with annuities is the best way to go.  The danger zone is complacency. We need to keep reframing and educating people on the truth about retirement and finances. People right now are not too crazy for annuities, and that’s not a good thing - because that means that it’s not being represented factually.    "In retirement we're not trying to maximize returns, we're trying to minimize risks - ensure that I have enough income to last for the rest of my life." —  Jason Fichtner   The Peak 65 Generation: Creating A New Retirement Security Framework: https://drive.google.com/file/d/128-Azi2dpeWXYafgPGAQ1Pi5f8S_ThVA/view?usp=sharing      Connect with Jason Fichtner: Website: https://sites.google.com/site/jasonjfichtner/ | https://bipartisanpolicy.org/  Email: jfichtner@bipartisanpolicy.org    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 paid, how your money will be invested and how it can be protected from being abused by others when the time comes that your capacity is diminished. Plan to live past the life expectancy age - especially these days where technology was forced to advance to cope with the pandemic.  Retirement is not just an event, it’s a change in life. Think of the behavioral and emotional aspects of it, not just the money. But when it comes to money, keep these three things in mind: your social security, medicare, and your benefit pension plan.    "Guess who the last person would be that knows that you have diminished capacity - you" —  Steve Parrish    Connect with Steve Parrish: Blog posts: https://www.forbes.com/sites/steveparrish/?sh=61590d633079    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 some tax or retirement strategies.  Roth IRA holders are a minority in the eyes of the congress, so it’s easy for them to either make actions that make them mad or paint them as “the evil rich”.  If you or your heirs take the money from your IRA, that’s taxable as ordinary income. Consider how taxes in the future can be very different from ours now. What you can do instead is take the money out of your IRA today, pay the taxes, use the after-tax amount to buy a permanent life insurance policy.  A lot of people favor and back charitable giving because it helps and the tax deduction from it will not be taken away since some from charitable industries argue that some of the things they do are helping the government do its job at helping citizens.    “I still suspect that they’re gonna come together and get some kind of tax increases in, it’s just not clear at all which ones… but the good news is that big proposals - most of them are off the table. The question now is which of the lesser proposals are gonna get through? Is it gonna be restricted to just the very wealthy or is it gonna trickle down..." —  Bob Carlson    Connect with Bob Carlson:  Website: https://www.retirementwatch.com/  Facebook: https://www.facebook.com/RWcommunity  Twitter: https://twitter.com/RetirementWatch  Most Recent Book: https://www.amazon.com/Wheres-My-Money-Secrets-Security-ebook/dp/B0853F3R7R       Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 guided, if you were the one going through the annuity-buying process? Put yourself in the client’s shoes, put their interests ahead of yours.  You don’t have to pitch annuities to clients if you are able to educate, inform, give examples, answer enough questions and if you treat people like they are professionals.  Practice the skill of being able to talk about your product in a way where it can be understood easily, because if it can be understood easily, then there’d be one less barrier towards purchase.  You’ve already heard people talk about not being half-hearted when it comes to serving others, but that’s kind of a half-hearted statement compared to this: when it comes to service of others, adapt the mindset of never doing things in moderation.    "Annuities… don’t have to be sold, [they] can be bought. If you give enough education… answer enough questions… you don’t have to try and be pitching anything." —  Leah Brandt    Connect with Leah Brandt: Website: https://theanuityman.com LinkedIn: https://www.linkedin.com/in/leah-brandt-b383077/    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!   

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 the estate.  An IRS 1035 exchange says you can take a non-IRA annuity using non-qualified assets and transfer them tax free into another annuity.  Traditional policies involve a thorough process and investigation while long-term care annuity policies are the easiest - you can get approval in a day and it takes about 45 minutes. Annuity policies multiply the money we deposit, they will triple your money and provide you long-term care benefits.  Long-term plan is fully customizable from the standpoint of amount of money, inflation, and length of time.    "Everyone is living longer today and the cost of care is increasing tremendously with inflation. So it’s important to plan for it. " —  Jack Lenenberg    Connect with Jack Lenenberg: Website: www.LTCPartner.com  LinkedIn: www.linkedin.com/in/jacklenenberg  Twitter: www.twitter.com/LTCPartner    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 and a little wrong. But it’s better to be ready and disciplined than to be very wrong at the very worst time, losing all your ability to adjust to the change.   We not only helped people who are needy but we incented them to not go back to work. COVID is still out there and people are now more afraid to go back to work.  Technology has allowed the economy to be less volatile, improved the market’s liquidity and allowed better raising of capital.  Decide who you are. Know yourself and understand the place in history where you’re at right now and recognize the risks, the upsides and the downsides.    "Good judgement comes from experience and experience comes from bad judgement." —  Terry Savage    Connect with Terry Savage: Website: https://www.terrysavage.com/  LinkedIn: https://www.linkedin.com/in/thesavagetruth/  Twitter: https://twitter.com/Terrytalksmoney    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

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 now.  In the previous pandemic, we saw a rise in life expectancy after the end of it as it forced technology and medicine to progress to help people survive - so it might very well be how this current pandemic will shape the future. In the same vein, life expectancy is longer for people with annuities.  Hope for the best, plan for the worst and have a happy retirement! Get multiple annuities, expose only a minimum amount of your portfolio to crypto - be careful of companies that use crypto as a “carrot on a stick” Watching what you eat and doing simple exercises daily can do a lot to improve your health and enrich your life in the long run. When you’re at your retirement age, you’re gonna want to still be able to carry yourself to do whatever it is that could make the rest of your life happy. Having a lot of wealth, without a lot of health doesn’t do anyone any good.   "The evidence is overwhelming that the people with annuities live longer. Because they have less stress, they worry less, they’re being paid to live so many of them live differently - they watch what they eat, they exercise, they call the doctor. All these little things cause them to tend to live longer. " —  Tom Hegna     Check out Tom’s Books here: https://tomhegna.com/shop    Connect with Tom Hegna: Website: https://tomhegna.com/  LinkedIn: https://www.linkedin.com/in/tomhegna  Facebook: https://www.facebook.com/TomHegnaSpeaks/  Twitter: https://twitter.com/tomhegnaspeaks  Pinterest: https://www.pinterest.ph/retirehappynow/  Youtube: https://www.youtube.com/c/tomhegna    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!