In this episode, The Annuity Man and FIA-X discuss:
- Upfront bonuses on annuity and other bonuses to be wary of
- Looking for contractual guarantees in annuity contracts
- Uncapped products and other “modifiers”
- Monthly sum - what they’re actually saying
Key Takeaways:
- Buying an annuity for the upfront bonuses is like buying a car to get the stereo
- Stay smart out there. Companies are never a charity unless they state it, you’re never going to get free money. When someone is selling something for free, or saying they’ll give you money, be wary of that person.
- There’s no way you’ll find an uncapped product with 100% participation rate with no fees, where you put your money in them and just let it run. There is always a catch.
- Think about the downside. In a monthly sum, the downside is unlimited. They make it pretty, but you need to think about the facts.
"Think about a magician… with sleight of hand, they distract you while they’re pulling your watch off. That’s exactly what bonuses are that they wiggle for you to miss the other things" — FIA-X
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!