In this episode, The Annuity Man discussed:
- Social security is a lifetime income stream
- The annuity that most are unaware of
- Your pension is your third annuity
- Do you still need an annuity then?
Key Takeaways:
- The first annuity that you already own is Social Security. By definition, Social Security is a lifetime income stream that will pay you as long as you’re breathing based on your life expectancy when you take the payments. That’s an annuity.
- Another annuity you may not know that you already have is Required Minimum Distribution or RMDs. It factually and semantically is a forced annuity.
- If you work for a company or organization that offers a pension, congratulations, you already own three annuities!
- Do you still need an annuity if you already have social security, RMDs, and a pension? That depends on what type of income you’re solving for and what lifestyle you would want to live in the future when you’ve retired.
"Don’t be an annuity hypocrite. Embrace the fact that you already have lifetime income. Embrace the fact that you already have two items that are gonna fill that income floor as long as you are breathing. Embrace that, don’t hate annuities." — 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
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