In this episode, The Annuity Man discussed:
Products that adjust for inflation
Thinking rationally about inflation
Reverse-engineering annuity
Key Takeaways:
Many bad sales pitches out there mention a way to beat inflation using indexed products that adjust for inflation. What really happens is that the annuity company severely lowers the initial payment to make up for any potential increase.
Think rationally about inflation. It’s customizable to everybody, meaning not everyone is affected the same way. Some are not even affected at all.
Start with the goal or the need. How much more do you need in order to live the life that you want? To solve for that difference, you’ve got to shop all carriers and see which offers the highest contractual guarantee that will fit the goal or the need.
Just hold until you need to fill that gap of income for inflation. Don't be proactive; don't throw darts at it. But if you do want to throw darts - let's buy income that starts at a future date." — 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!
