In this episode, The Annuity Man and Tom Hegna discuss:
- There are no second chances in retirement
- Why the bond market is down right now
- Annuities should be bought and not sold
- Investing wisely into cryptocurrency
Key Takeaways:
- When it comes to retirement, there’s no dress rehearsal; there are no second chances. We need to get it right the first time. That’s why you must have at least your basic living expenses covered with a guaranteed lifetime.
- Inflation is at 9%, yet we got a 30-year bond under 3%. That could mean that the bond market, the smartest market in the world, sees something really bad on the horizon.
- People don’t think about what would happen if they died or if the market stays down; somebody needs to stimulate them. However, it remains true that annuities should be bought and not sold.
- Put only 1% of your portfolio into cryptocurrency. It won’t hurt a bit if it goes to zero, it won’t hurt a bit, but if it gets huge, it’ll help a lot.
"Retirement is about income; it’s not about assets. As a minimum in retirement, you should cover your basic living expenses with guaranteed lifetime income… " — Tom Hegna.
Connect with Tom Hegna:
Website: https://tomhegna.com/
LinkedIn: https://www.linkedin.com/in/tomhegna
Facebook: https://www.facebook.com/TomHegnaSpeaks/
Twitter: https://twitter.com/tomhegnaspeaks
Pinterest: https://www.pinterest.ph/retirehappynow/
YouTube: https://www.youtube.com/c/tomhegna
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
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