Tough question! I’ll have to break this down like your English teacher broke down sentences.
Watch and Enjoy,
Stan The Annuity Man
Free Annuity Owner’s Manuals
Free Annuity Calculators and Live Rate Feeds
Book a Free 30-minute Call with Stan The Annuity Man
Key Moments in this Episode
========================
1:08 Is an annuity better than a pension? Annuity Means A lot of Things
3:29 P.I.L.L.
6:04 Goal of the Money
6:54 Which annuity gives me the most control?
10:06 Summary
Other Resources
ALL THINGS ANNUITIES
LISTEN/WATCH FUN WITH ANNUITIES PODCAST
JOIN THE ANNUITY LOVERS FACEBOOK GROUP
CONNECT WITH STAN
Call Stan The Annuity Man: 800-509-6473
Website:
Email: Stan@TheAnnuityMan.com
Facebook:
Twitter:
TikTok:
Instagram:
#StanTheAnnuityMan
#Annuity
#TheAnnuityMan…(read more)
LEARN MORE ABOUT: Retirement Annuities
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Thank you
No , because I didn't have to give up 100k or so to get my pension, just had to put my time in the co
Yes
I have or might have a pension when I get 65. However I been receiving letters that my pension is in the red. Also my pension has changed twice in the 15 years I've been at my job already. That is why I am doing my own financial plan. I think there may be a slice of my retirement income portfolio for a SPIA. I would make some peoples head spin but I might do a reverse mortgage for 50% value of my home at 65 or 62 years old and take that to put in a SPIA. The largest part of my income portfolio would be quality dividend growing stocks with good FCF yield. I'm several years away from getting any of those. I am currently full throttle in my growth portfolio.
Stan, I understand that the gov't plans to attach some of the monies we have in the bank. Do you think that annuities will be left alone? Don't trust this government.
How many pensions are run by annuity company. Once you start income get payout at then interest rate. If you cash out pension maybe pay tax then have less amount to put into the annuity. Probably get largest monthly payment with the pension. Then co keeps your money. After 10-20 years payments maybe pension comes out better.
No matter how old I get I'll never understand a dangling participle I think it's something she made up to throw us off!
While a pension is also an annuity … In my case with my former employer, ALL the controls were set by them. There were a few options, but nowhere near as customizable as a SPIA/DIA/FIA with an income rider. And the pension folks just started "at age 65, your pension will be x.." well, 55 age me at that time was like "oh, heck to the no!" and the option I took was "cash out – into my IRA of course – give it to me!!!"
Would be great to get a dedicated episode to income riders attached to MYGAs. First heard about this Brutal Annuity Truth(tm) (and not surprised).
Awesome information thank you so much now I have more clarity about both