Thanks, Stan, for the informative video. I need to re-read the FIA and Income Rider books to see what pays more - an FIA w/o an Income Rider or an FIA with and Income Rider.
If you're looking for a guaranteed income to bridge a period of time say between early retirement and taking social security, is there a rule of thumb around what works better? A period certain annuity or a myga ladder? Or is it yet another gallon of milk and it depends on the week?
Hi Stan... love your videos! I have an annuity with an income rider which I plan to turn into an income stream in about 3 years. It will be 10 years old by then. I understand the 2 sides of monopoly money vs real money. My question is what happens if I die sooner rather than later, in regards to my beneficiary. Do they get all or some of my cash side of the annuity, if there is any left, even though I turned it into an income stream? Thanks!
Is there an annuity product you can buy that you can turn on income at an uncertain date in the future? Would you just keep rolling a MYGA over until you need it and then buy a SPIA? I’m thinking about something where I can turn on income between 80 and 85, but I won’t know precisely when (probably when my mental faculties start to decline).
If you take out 10% of your own money, is not Income, do you have to pay taxes on that as Income? Iwant an annuity. I'm still trying to decide which one to get?
let me tell you something Stan I could have managed my money better than the fixed anuitie I'm I from clear springs . I'm 61 single great health no debt. no wife or kids or loans only car . still working and have 300k the guy who sold it to me took all my money. and fucked me over I'm someone who didn't need an annuity and he was rude and forcefully I got suckered.
I told Financial Advisor I was interested in Annuities? He suprised me and said Yes, that might be good idea? I thought he wud go Dave Ramsay on me and so NO! NEVER EVER EVER ! D R. HATES ALL ANNUITIES! Some sound good to me?
You insist that the advice to never buy an annuity inside of an IRA is bad advice, and each time you insist that, you do not tell us why that is bad advice. The way it was explained to me, IRAs have tax deferred growth. Annuities have tax deferred growth even when they are outside of an IRA. That means your limited IRA Money should go to other assets while you annuitize outside of your IRA to receive tax deferred growth in both buckets. Is this not true? Buying an annuity inside of an IRA, my advisor suggests, is paying twice in opportunity cost for the same benefit of tax deferral. I can see the argument that if someone spent their working life accumulating only IRA assets, and they want guaranteed income, then the IRA is the only choice. I think for people planning ahead, it is not the best choice.
Thanks, Stan, for the informative video. I need to re-read the FIA and Income Rider books to see what pays more - an FIA w/o an Income Rider or an FIA with and Income Rider.
You’re welcome! Thanks for watching!
If you're looking for a guaranteed income to bridge a period of time say between early retirement and taking social security, is there a rule of thumb around what works better? A period certain annuity or a myga ladder? Or is it yet another gallon of milk and it depends on the week?
For me to give you an answer about your specific situation, please feel free to book a call with us!
www.stantheannuityman.com/book-a-call/
Hi Stan... love your videos! I have an annuity with an income rider which I plan to turn into an income stream in about 3 years. It will be 10 years old by then. I understand the 2 sides of monopoly money vs real money. My question is what happens if I die sooner rather than later, in regards to my beneficiary. Do they get all or some of my cash side of the annuity, if there is any left, even though I turned it into an income stream? Thanks!
For me to give you an answer about your specific situation, please feel free to book a call with us!
www.stantheannuityman.com/book-a-call/
Is there an annuity product you can buy that you can turn on income at an uncertain date in the future? Would you just keep rolling a MYGA over until you need it and then buy a SPIA? I’m thinking about something where I can turn on income between 80 and 85, but I won’t know precisely when (probably when my mental faculties start to decline).
For me to give you an answer about your specific situation, please feel free to book a call with us!
www.stantheannuityman.com/book-a-call/
If you take out 10% of your own money, is not Income, do you have to pay taxes on that as Income? Iwant an annuity. I'm still trying to decide which one to get?
Great question, please feel free to book a call with us to discuss!
www.stantheannuityman.com/book-a-call/
you make a lot of sence
Thanks for watching!
let me tell you something Stan
I could have managed my money better than the fixed anuitie I'm I from clear springs . I'm 61 single great health no debt. no wife or kids or loans only car . still working and have 300k the guy who sold it to me took all my money. and fucked me over
I'm someone who didn't need an annuity and he was rude and forcefully I got suckered.
I’m sorry to hear about that. If you have any questions, don’t hesitate to reach out to us:
www.stantheannuityman.com/book-a-call/
I told Financial Advisor I was interested in Annuities? He suprised me and said Yes, that might be good idea? I thought he wud go Dave Ramsay on me and so NO! NEVER EVER EVER ! D R. HATES ALL ANNUITIES! Some sound good to me?
HI FIVE STAN !
High five! Thanks for watching!
You insist that the advice to never buy an annuity inside of an IRA is bad advice, and each time you insist that, you do not tell us why that is bad advice. The way it was explained to me, IRAs have tax deferred growth. Annuities have tax deferred growth even when they are outside of an IRA. That means your limited IRA Money should go to other assets while you annuitize outside of your IRA to receive tax deferred growth in both buckets. Is this not true? Buying an annuity inside of an IRA, my advisor suggests, is paying twice in opportunity cost for the same benefit of tax deferral. I can see the argument that if someone spent their working life accumulating only IRA assets, and they want guaranteed income, then the IRA is the only choice. I think for people planning ahead, it is not the best choice.
For me to give you an answer about your specific situation, please feel free to book a call with us!
www.stantheannuityman.com/book-a-call/