5 Comments

1. 

   No Name on October 18, 2022 at 12:56 pm

   Hello Stan I have a SEP and Roth IRA prudential variable annuity with lifetime payments at 5percent at the age of 60 Iam 56 they are charging a little over 1 percent fee per year. Do you think I should transfer these into low cost etf IE VTI instead leaving it in this annuity. I won’t need the money for another 10 years min. Thank you. BTW they are down 25 percent as of today this year.

2. 

   Mr. J on October 18, 2022 at 12:56 pm

   OK call me crazy. The market has been going down. I have lost a big chunk of money – so I want to protect my assets. Our pensions, annuities and SS will push us into the 25% bracket once I file for SS at age 70. Also concerned about taxes after I die (or my wife). (Loss of a deduction and survivor will be in higher tax bracket). I am considering putting $60,000 in a 7 year MYGA annuity using ROTH funds. At the end of the guarantee period, I can either take the money, or if not needed, I could let it renew. Could also turn it into a tax free annuity. We have a sizeable amount of funds in our ROTH accounts now. AND I can convert rollover IRAs at 12% rate before I turn 70. For me – I like the idea of getting some tax free income later on in life. AND I will have a small amount of funds that have some market protection. But – that is just me!

3. 

   Ray Ferngren on October 18, 2022 at 12:56 pm

   As usual , making perfect sense, Stan. Thank you

4. 

   Melody Charles on October 18, 2022 at 12:56 pm

   Hi Stan. Got a question for you: whats the difference between period certain and life with period certain? Thank you

5. 

   Tony L on October 18, 2022 at 12:56 pm

   Great topic here Stan, you and I discussed this on the phone a year or so ago. So if I bought a SPIA inside my IRA, you're saying here that I will ALWAYS pay tax as "ordinary income" on the future annuity income even after my initial cost basis is depleted? Is this the converse of the same SPIA inside a Roth IRA where there is NEVER any tax on future annuity income, even after my initial annuity amount is depleted and we're living off of insurance money? Would love to see you do a follow up video to clarify this. Thanks!