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Can Your Annuity Income Increase With Inflation?: Shootin' It Straight With Stan

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Manage episode 499972751 series 2798004
Content provided by The Annuity Man. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Annuity Man or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, The Annuity Man discussed:

  • Annuities that increase with inflation

  • The role of interest rates in pricing

  • For products that adjust for inflation

  • Reverse-engineering your income floor

Key Takeaways:

  • Annuities don’t give things away for free. A product that magically increases with inflation doesn’t exist.

  • Lifetime income is primarily priced based on your life expectancy at the time you take the payment. Interest rates play a minor role.

  • For products that have a potential or contractual increase for inflation, the annuity company will severely lower the initial income as compared to the exact annuity without the increase.

  • Don’t focus on things that you can’t control. Focus on building up an income floor that suits your needs. Compute the number you’ll need to cover your expenses; we can reverse-engineer a product for that.

"It's math to the annuity companies. It should be math to you. If it sounds too good to be true, it is every single time. " — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [email protected]

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!

  continue reading

368 episodes

Artwork
iconShare
 
Manage episode 499972751 series 2798004
Content provided by The Annuity Man. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Annuity Man or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, The Annuity Man discussed:

  • Annuities that increase with inflation

  • The role of interest rates in pricing

  • For products that adjust for inflation

  • Reverse-engineering your income floor

Key Takeaways:

  • Annuities don’t give things away for free. A product that magically increases with inflation doesn’t exist.

  • Lifetime income is primarily priced based on your life expectancy at the time you take the payment. Interest rates play a minor role.

  • For products that have a potential or contractual increase for inflation, the annuity company will severely lower the initial income as compared to the exact annuity without the increase.

  • Don’t focus on things that you can’t control. Focus on building up an income floor that suits your needs. Compute the number you’ll need to cover your expenses; we can reverse-engineer a product for that.

"It's math to the annuity companies. It should be math to you. If it sounds too good to be true, it is every single time. " — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [email protected]

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!

  continue reading

368 episodes

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