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: [email protected]  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: [email protected]  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: [email protected]  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: [email protected]  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: [email protected]  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!