😂 You really should have been a comedian. You are so funny in the deliverance of the information you bless us with. I love your videos, 😆 they have taught me so much. Keep it coming and keep up the high frequency positive deliverance.❤😊 Thank You! and Happy 4th!.🎉🎇
Mr. Annuity Man, I would love to know the answer to this: historically speaking, would one be better off putting a lump sum (for example, $500k...but it could be any number) into a deferred income annuity with payments beginning at a later date, or would they be better off putting that exact same amount of money into a MYGA for the same duration and then buy an immediate income annuity at that later date? So, either $500k in say a 7 year MYGA or $500k in a deferred income annuity that pays out in 7 years. Understanding that past performance is no guarantee of future results, which option would historically have been better?
It really depends on when you need the income. If you need it now then a MYGA is the way to go. But if you can do without it now, the deferred annuity makes more sense because it’s like putting money in the bank to earn interest so you can earn that income later. Either way you can look to preservation of capital throughout, or if you wish you can use capital + interest down the road for lifetime income. In the deferred annuity scenario you will want to consider your life expectancy as well because every year that passes you are closer to death.
@@Blublod my question may not have been clear enough. I'm talking about needing the income at some point in the future, like 10 years down the road. My question is whether buying a deferred income today (with income starting in 10 years) will generally produce a higher income than putting the same funds in a 10 year MYGA and then at the end of 10 years buying an immediate income, or whether the payout for an immediate income that has earned interest through a MYGA for 10 years pays more.
@@SuperThinwhistle - Ah! I see. I think this will depend on the guaranteed interest returns that you can secure today and for the duration of the contractual term. You would have to model each scenario based on real quotes today, and then compare the projection of each compounding effect for 10 years out. I believe this can be done DIY, but you lose nothing giving Stan the Man a call since I’m sure he and his people can do this with their eyes closed.
@@Blublod yep, definitely worth a call, because while I can model it out today based on the rates shown on their calculators, my question is more broad, as it's more about which option (lock in a MYGA rate for X years and then buy an immediate income annuity, versus buy the deferred income annuity) would have historically been better. I imagine this is heavily impacted by the then-current interest rates, but was wondering if in the past one strategy was a clearly superior way to go to maximize income.
😂 You really should have been a comedian. You are so funny in the deliverance of the information you bless us with. I love your videos, 😆 they have taught me so much. Keep it coming and keep up the high frequency positive deliverance.❤😊 Thank You! and Happy 4th!.🎉🎇
Thank you for the kind words! Have a happy 4th!
makes a lot more sense than "fixed" Index.
Thanks for watching!
do not be fooled by the FIA name, you can add an income rider to it, that changes the whole deal.
Comedian indeed.. I laughed out loud!
Thanks for watching!
Mr. Annuity Man, I would love to know the answer to this: historically speaking, would one be better off putting a lump sum (for example, $500k...but it could be any number) into a deferred income annuity with payments beginning at a later date, or would they be better off putting that exact same amount of money into a MYGA for the same duration and then buy an immediate income annuity at that later date?
So, either $500k in say a 7 year MYGA or $500k in a deferred income annuity that pays out in 7 years. Understanding that past performance is no guarantee of future results, which option would historically have been better?
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/
It really depends on when you need the income. If you need it now then a MYGA is the way to go. But if you can do without it now, the deferred annuity makes more sense because it’s like putting money in the bank to earn interest so you can earn that income later. Either way you can look to preservation of capital throughout, or if you wish you can use capital + interest down the road for lifetime income. In the deferred annuity scenario you will want to consider your life expectancy as well because every year that passes you are closer to death.
@@Blublod my question may not have been clear enough. I'm talking about needing the income at some point in the future, like 10 years down the road. My question is whether buying a deferred income today (with income starting in 10 years) will generally produce a higher income than putting the same funds in a 10 year MYGA and then at the end of 10 years buying an immediate income, or whether the payout for an immediate income that has earned interest through a MYGA for 10 years pays more.
@@SuperThinwhistle - Ah! I see. I think this will depend on the guaranteed interest returns that you can secure today and for the duration of the contractual term. You would have to model each scenario based on real quotes today, and then compare the projection of each compounding effect for 10 years out. I believe this can be done DIY, but you lose nothing giving Stan the Man a call since I’m sure he and his people can do this with their eyes closed.
@@Blublod yep, definitely worth a call, because while I can model it out today based on the rates shown on their calculators, my question is more broad, as it's more about which option (lock in a MYGA rate for X years and then buy an immediate income annuity, versus buy the deferred income annuity) would have historically been better.
I imagine this is heavily impacted by the then-current interest rates, but was wondering if in the past one strategy was a clearly superior way to go to maximize income.
What kind of dollar amount is needed for a principal to take interest of $500. I understand the rates fluctuate. Just wing it Stan
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/
❤❤❤❤❤❤
Thanks for watching!
Sorry, just hit thumbs down. I meant thumbs up😅