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Annuity Income: Return OF or ON Your Money?: Shootin' It Straight With Stan
Manage episode 395856034 series 2798004
In this episode, The Annuity Man discussed:
Lifetime income and principal protection
Return of your money
Peeling of the interest to solve income needs
Key Takeaways:
Annuities aren’t only for lifetime income, some products just protect the principal like a MYGA or a Fixed Annuity.
With lifetime income, annuity companies are on the hook to pay a return OF your principal plus interest as long as you are breathing.
Will peeling off the interest, never touching the principal, and getting a return ON your money solve your income needs? MYGAs give you the option to lock in interest rates for one year up to ten years.
"If you choose the return ON then all we're going to have to do at the end of the maturity of that MYGA is roll it to another MYGA and hope that rates are at a good level. If rates go down, we can always transfer that [MYGA] to an immediate annuity for lifetime income. So you can play both sides a little bit." — Stan The Annuity Man.
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!
308 odcinków
Manage episode 395856034 series 2798004
In this episode, The Annuity Man discussed:
Lifetime income and principal protection
Return of your money
Peeling of the interest to solve income needs
Key Takeaways:
Annuities aren’t only for lifetime income, some products just protect the principal like a MYGA or a Fixed Annuity.
With lifetime income, annuity companies are on the hook to pay a return OF your principal plus interest as long as you are breathing.
Will peeling off the interest, never touching the principal, and getting a return ON your money solve your income needs? MYGAs give you the option to lock in interest rates for one year up to ten years.
"If you choose the return ON then all we're going to have to do at the end of the maturity of that MYGA is roll it to another MYGA and hope that rates are at a good level. If rates go down, we can always transfer that [MYGA] to an immediate annuity for lifetime income. So you can play both sides a little bit." — Stan The Annuity Man.
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!
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