Watching this a year later, so this is a late comment. The one important oversight in this was bringing Social Security claiming strategy into the mix. Delaying SS is generally the same thing as buying an additional inflation proofed annuity at far better than market rates. What this means is that for most circumstances, the very first move when "investing" in an annuity is to defer SS. It doesn't make financial sense for most circumstances to take SS early and then buy a commercial annuity. If you want/need more annuity payments than is provided by delaying SS to age 70, then consider buying some commercial SPIA. But defer SS first, it's a better deal for "investing" your annuity budget.

@bernarddy8547

Жыл бұрын

Excellent point and I hope more people read your comment. In decisions about both annuities and SS, you are gambling against your life expectancy.

@bobackerman54

Жыл бұрын

i was looking for a comment similar to yours ... the "SOCIAL SECURITY ANNUITY" has a COLA ... sure seems like the way to go !!!

@HB-yq8gy

Ай бұрын

Awesome explanation I was thinking along the same lines. I am 59 y/o retired 10 years now with a non-covered pension. My wife is 60 y/o a nurse will be retired at 62 y/o. My SSA survival and spousal benefits offset to zero because of my state pension. If her breast cancer doesn't return maybe an annuity might look attractive.

I replaced my bond investment with an income annuity for lifetime income for me and my spouse. If I need inflation, I will go to my stock portfolio. The mortality credits on the annuity is what makes them an extremely unique investment. We can never run out of money even if we use all of our principal and earnings in the annuity, and it is not tied to the volatility of the the stock market. Wade Pfau's research on the Efficient Frontier recommends using an annuity and stocks for sustainable retirement income.

Enjoy your vids. Very informative plus unedited delivery adds so much. Thank you.

impressive list of resources in the episode notes -- thank you for putting together that list for us spectators

Hi Rob, Thank you for the deep dive! Just starting to plan for retirement, projecting to do it in the next 3 or so years. Annuties seem to be a fave with fee only financial planners these days and as a "beginner" in my retirement financial education, your post provided excellent information.

Thanks for another informative video. I've never really thought much about annuities, but as rates rise to more historical norms, they may be more interesting for many.

Was curious about annuities watched a few KZread videos that still left me with questions, finally thought I should see if Rob has a video on this, and of course he did and now I understand. Excellent breakdown as always “Dr” Berger, thank you!

Thank you for the video. You seem very trustworthy and made your points very well. It helped me a lot.

Tremendous video. I am 75 trying to solve this problem about annuity. It’s a great help. Thank you 🙏🏻

I learned a lot from this video. Very carefully explained. Thank you.

This was a really helpful and well-articulated video on retirement annuities. Thank you for it!

Excellent way of using Portfolio Visualizer to look at pros/cons of an SPIA. I am 69 and do a Boglehead type portfolio. Whether doing a $40k withdrawal or a fixed percent like 3%, makes no sense for me to get into an SPIA at this time. Will review again in a couple years. Thanks for this KZread,

Good balanced presentation. I think for retirees with a modest nest egg, an income annuity makes lots of sense for 'some' of their bond or safe money. The longevity value proposition is real. To guarantee some basic income while you watch your balance of the retirement fund grow brings some security. So for many, maybe 10% or 15% of their nest egg in an income annuity can make lots of sense. For married couples getting a joint payout is good. It is as you say, a longevity play. But for those w enough money...probably not necessary.

Outstanding presentation, Rob! Very well researched and with reasonable assumptions. I've been thinking about an SPIA lately -- mostly due to the tanking stock market -- but after viewing your video, don't believe that I need it. As you touched on in your presentation, my interest in an annuity was driven, in part, from fear. Thank you very much for the video -- and for all of the great info you provide to everyone.

@urbanart7325

Жыл бұрын

You should fear. Historical results do not predict the future. I believe that we need get our income need met first and leave our other savings invest in equity. 30 percent in annuity.

Not sure if you read older videos comments but I have been thinking about annuities (close to retirement as such). I would love a brief follow up on this excellent video. You talked about annuities not being inflation adjusted but not about the 'admin' fees and that the monthly payout is calculated as reg. income tax and therefor how that may affect a retiree's decision whether or not to buy annuities. I much appreciate your insight.

There’s a book called something like “when I get stupid”-it’s about protecting yourself from your future self. A stream of income that is protected from elder abuse, bad decisions. I’ve seen this over and over. High functioning elderly left on their own too much (or too stubborn for help, or no one to ask) making really bad decisions/being taken advantage of. It’s very difficult to make sound decisions under stress. Think about what it’s going to look like when you’re dealing with health issues, depression, anxiety. You can also invest more aggressively in the residual portfolio.

Thankyou Rob, I know this video is a from a year ago.......You brought up alot of excellent points.....you're a very logical and thought provoking Gentleman....appreciate your insights.....just subscribed 😀

Thank you Sir. Just came across your vid. Excellent presentation, I have my Jackson annuity in joint survivorship that pays me 5% along with a corporate pension and SS. The goal is to cover all my living expenses with a buffer for inflation. Other monies can rest a while in a ‘safe place’ until this market sorts itself out.

I have a pension and looking at taking it as an annuity vs the lump sum payout. I think taking the annuity and taking Social Security at 67 or 70, I would only have to take out about 2% of my portfolio to help with the upkeep of inflation.

Appreciate your input on this.

Great video! Very well presented.

Really enjoyed the video great objective information!

You made lots of great points and made me thinking about taking a portion of my savings and investing in an annuity.

Great video! I was curious how the rates quoted two years ago when this video was made compare to today so I went to the Schwab website and input same info ... $100K investment, 65 year old male residing in AL and the rate quoted is $678/mo. That's $191 or 39% more per month than quoted when the video was first made ($487). Can you share what may be responsible for the increase in the monthly payout? Is it tied to treasuries or rates set by the federal reserve? What influences the payout amount? I am interested in purchasing a SPIA and am wondering if I should do that now or wait a few months or longer if there is potential for the payout to increase. THANKS!

Love the show!

Excellent! Thank you!

It's a out retirement income vs investment allocation. Cover your living expenses and have the market does what it does. Also you can buy a joint longevity annuity that will cover both partners and maybe pay for future medical cost. Too many financial advisors don't like annuity be auar it's reduces their under management funds

Amazing how prevailing interest rates play such a big part in these payouts.. running the same numbers now in oct '23 , the life only is 8,280 a year vrs your example from two yrs ago at 5,844 a year.. time for an updated youtube video ! One might run a savings withdrawal calculator to compare the results.. for example.. $100k invested with a 5 % return and drawing down 7296 a year (the 20 yr certain current number) the account would last about 21 years.. so the annuity wins if you live past age 88 in this example.

my planner is a benificery, the conflict of intrest is off the charts

(23:12 replace bond ladder w/ annuities) Now that we're in a higher inflation environment, do you think locking in an annuity makes more sense than when this video was recorded and we were in historically long-term low inflation times? Just curious. Love your stuff. I've learned so much. Your style is very approachable, even to the unsophisticated investor. (Accepting that not 100% of the remainder would be in equities.)

Eat lots of free dinners. I found FIA with income rider is the way to go. For income you can chose to take non-annuitized! Different outcome for your heirs. I got two FIA Annuities with income rider, non-annuitized payouts and other features. Mine are just cooking (rollup) now since I bought them for SS replacement.

Thanks . Great Stuff !

Excellent Video!!!

I’m writing from Ontario Canada and I really enjoyed the episode and am interested. In about a decade, I will have a defined benefit pensions which will be taxed as income. I see the annuity as basically the same in that it would be a second guaranteed form of income. Am I correct in that there will be similar tax implications as well he monthly deposit will be treated as income without the benefits of increasing the RSP contribution room? Thanks!

I think moving a percentage of your bond allocation into an annuity is not a bad idea, especially if the interest rate environment is favorable.

29:40 hey, "you and I are not a study!" remember? lol -- I think re-saving some of the guaranteed income each month allows one to accumulate a cash bucket with the objective of using it to rebalance into one's equity allocation (addresses a point you made earlier in the episode re: annuitization giving up rebalancing from fixed income to equity)

Rob, One thing to consider is income tax rates, both state and federal. People should not forget the annuity income is dumped on top of all your other sources of income and will therefore be taxed at the maximum tax rate you find yourself in. This is really bad when you also have high MRD's from your IRA.

@voyagerprobe

5 ай бұрын

The way around this is to purchase a well structured, fully funded IUL ( Indexed universal life policy), once a year or more has passed, one can take withdrawals in the form of loans which aren't taxed. On top of this , one can leave a huge death benefit to the heirs which isn't taxed, and one can sleep knowing that they don't have to worry about what the stock market does. There are other benefits too, but one should do their own research.

@tixe9

20 күн бұрын

😂 more fee's

Thank you Rob.

Thanks Nick. Treasury bonds are leaking and I think you are suggesting the same maybe possible for annuities. What's left? Not seeing a clear path going forward. It maybe time for me to call time out and sit on the sidelines for a while until something materializes and impacts the system....like perhaps..... Inflation.

Thanks for the Great Information Rob. I have a simple I think question. When will Bonds stop leaking money. I don't understand why the 10 and 30 year Treasury continues to decrease in value. I bring that up because to me it makes a strong case for purchasing a (stable) annuity?

As of right now. A single life with 10 year certain annuity at the Schwab link you provided with payments starting in 2026 pays 8.7%. Starting next year (2024) pays 7.4%.

One of the things you assume is continuing competence! Here in the UK I'm 75; retired 3 years ago having been a contract analyst programmer in Oil Seismic Surveying. I have a UK State pension and two smallish occupational pensions which cover my living expenses and these are too a large extent inflation proofed. I also has a private pension pot which at 75 would have automatically turned into an annuity had I not transferred it into investments a month ago. Whereas I am happy to be a bit adventurous now to grow this (so low in income high in accumulation) I plan to move much of my investment into an annuity if there are any signs of being incompetent to manage the investments. I figure that the value I will get from delaying the annuity will justify this approach. Perhaps you could cover some scenarios for 75+ people, including strategy plans to accomodate for "reducing little grey cells". Of course the difference in tax regimes may make my suggestion difficult in detail?

@olfart7902

Жыл бұрын

A very good point.....competence is a big issue. My mother was sold a variable annuity with IRA money at age 75 from a " real nice person who was driving a nice Mercedes". I told mom she was paying for the Mercedes and ask her to talk to a financial advisor first. She didn't call the advisor and bought the annuity.

Rob, what are your thoughts on TIAA's traditional fixed annuity? Pays minimum 3% up to 4%.

Rob , great video with tonnes of information . Could you please share the list of companies that we can buy annuities. I hear companies like Fidelity and vanguard also offer annuities. Is that true

@rob_berger

2 жыл бұрын

Fidelity does sell annuities: www.fidelity.com/annuities/overview I don't believe Vanguard does. I've never bought one, so don't have an opinion on Fidelity.

Hello like your blogs, very informative. Here's a kind long question. 1. Want to see what u think? . Annuity question. Have $300K, want a fixed immediate @5% annually. for 10,15 or 20 years Is that doable ? 5% of $300K is $15,000. If so, how does that work? If no, why not? 2. What are the fees or service charges for this kind of annuity? Are fee/service charge monthly/annually? Will fees increase over time and by what percentage? Looking for feeedback from all sources. Thanks in advance.

A reversed mortgage home wiil support as annual payment of approximately 8k at a much lower opportunity cost than purchasing a 100 spia with a 6% payout . 1 million dollars will be the opportunity cost on a 100k over a 30 retirement (earning 8%). The future value on a 300k home appreciating at 3% over the same 30 period will be 738k And due to the non recourse factor of the HUD backed HECM loan 738k will satisfy the loan . This strategy will work well if you had the 100k that was going towards purchasing the annuity invested in the market while you drew from the reverse mortgage instead.

Hello Rob, could you please create a video sharing why you are not a fan of Index annuities? You've alluded to these in several videos but by guaranteeing principle and yielding up to 80 percent (some are uncapped) of numerous funds and/or indexes to choose from each year, it would be interesting to learn why you deem them as financially unwise, especially in these uncertain times

Enjoyed the video. Question for you, now that interest rates are quite different than when you made this video, have your recommendations for them changed? A fixed income life annuity seems more attractive at this point in time but I'm curious what your thoughts are

@DaystarHiker

Жыл бұрын

Yes, I am looking at annuities now with interest rate ~ 8%.

I think you are correct that age 70 or above is a good time to consider an income annuity if you need one. You can get near or above 7% then. I personally like the idea of replacing some of my bond portfolio with an income annuity but not a large portion. A lot of retirees at 70 are going to be more like 50/50 in the stock and bond market. Replacing 10 to 15% with an income annuity does increase the return and lowers the risk. Maybe 20% if needed. But only if you need it. I agree that people with a lot of money don’t need one. But a lot of middle-class people may. Good presentation, fair and balanced.

@sanekabc

Жыл бұрын

Isn't it risky to have any money in the market at age 70? What if the market is down for the next ten years?

@barrystover9860

Жыл бұрын

@@sanekabc maybe but depends on the person and % in the market. I'm about 68 and it does not bother me to have some money in the market; I can't see it down 10 yrs though it is possible

@olfart7902

Жыл бұрын

@@sanekabc What money you "need" for retire should not be in the stock market at age 70.

@olfart7902

Жыл бұрын

@@barrystover9860 1989 Nikkei 38915.....1/8/2023 25973...over 30 years and still down 33%

@olfart7902

Жыл бұрын

retirement

Hi, Rob . what do you think about variable annuity ? people say is has higher potential growth than GLI and GFI

Good info! Thanks for sharing.

20:00 this begets the question in converse: if you don’t (yet) have enough money to service your retirement objectives, would an income annuity make your predicament better or worse (or it’s a wash)?

@noreenn6976

Жыл бұрын

Good question

I have an annuity with after tax dollars, I had to leave there for 5 years. At the end of 5 years, I plan to cash it out and invest elsewhere. I could leave it and Annuitized it later, but I don’t recall Payments for Life. I’m thinking it until the money runs out. I could also let it set there and my beneficiaries would get it. What’s your opinion?

FWIF I'm comparing my pending-retirement wife's modest pension to the estimated annuity tools on Schwab and Fidelity. The annuities are $100+ less per month than her company's monthly pension payment. That's a big bite!

If you ask a financial advisor about buying an annuity, he/she will definitely recommend you buy one because the commissions are tempting

Can you please present ideas how to develop retirement income vs investment allocation. How to minimize tax liability during retirement

ca you do a video on purchasing MYGAs (multi year guaranteed annuities) since the rates are high now

Thanks a lot

God bless you

The problem is the last thing I need is more “uncontrolled” income on top of social security and rmds.

As soon as I finish my Morningstar articles I know what topic is on for your site

What is your opinion of laddered annuities?

Do those who spend only 2.5% of their assets spend very little? Some of them, maybe, but not others! I can think of a few retired guys who have a savings rate, not a withdrawal rate.

Thanks Rob The forumla says I should only allocate ~ 20% to an annuity. However. Here's a thought. I am now considering annuitizing 50% of my portfolio and reallocating the other 50% from moderate/fixed income into Vanguard index funds. The annuitized portion would provide me with the comfort of a steady income that covers my expenses (along with SSI) and afford me the peace of mind to take on some risk with the remainder. After ~ 10 years of the annuity payments being effectively diminished by inflation that other portion should have (theoretically) doubled and I can then consider the next step. I also have a small stock (as opposed to retirement) portfolio and a rental property that should appreciate over that time. Having a source of steady income (longevity insurance) will remove the temptation to sell those in an economic panic. I will be talking this over with my (fee based, fiduciary) financial planner.

@sooner_born2256

Жыл бұрын

Interesting approach replacing fixed income investments part of your portfolio. I guess there is a risk that the company that issued the annuity goes belly up though, maybe you need a couple of annuities with different companies depending on how much you're talking about.

@DaystarHiker

Жыл бұрын

@@sooner_born2256 I decided on 40% (which was in CD's). And yes, more than one to keep them within the 250K insurance limit covered by the state guaranty fund.

@DaystarHiker

Жыл бұрын

@@sooner_born2256 Using the formula Rob presented, the calculation came to 35%

@DaystarHiker

Жыл бұрын

The one I got starts @ 7.15% (if I start it now). If I can delay it to age 65 (I am 63) it will be 7.8%. If I can hold out until 68 before starting the income, it will be 9.6%.

Maybe those investment firms do not want you to invest in annuities. No fees for them?

I've got a Jackson national flexible premium fixed annuity that was issued in 1991 and is based on 1971 mortality tables. It pays 3% guaranteed and the pay table is amazing. I can put up to five million into it with additional contributions having no surrender fees. Only the first contribution back in 1991 was subject to surrender charges. If annuitized the payback is 11.3 years and the payout rate (Which goes up a little each year) is currently 8.3% at age 61. With this set of circumstances I'm thinking putting more in above the $300,000 state guarantee is a good bet. Opinions?

How about divide the money for the annuity and do everything everyone suggests . No matter how it done most will disagree .

The monthly guaranteed makes inflation adjustments?

My plan is to invest into a myga to a spia . Stan the annuity man gave me some good insights on this strategy. What are your thoughts on it ?

@missouri6014

Жыл бұрын

I’m glad that you went to Stan the Man because what he says is so true and accurate

Rob, really good explanation regarding the target fund cap gain situation. I had a large cap gain and called VG after seeing an article in the WSJ. They had someone reach out to me. He basically scolded me for having the fund in a taxable account, but he also said the cap gains have been high in general in that fund in the past. I went back the 9 years I could go back and wrote back that his statement was false and listed the gains. My resulting cap gain amount was many times that of the previous 9 years. Ouch. Question, as a class action attorney, does the claimant end up with less, in general, than they would if they sued on their own? Is it possible to join the original plaintiffs once the suit has been filed? Do you have any idea how many pennies on the dollar you can expect in a class action suit like this? Would the proceeds be taxable? Thank you

CDs are backed by the FDIC, treasury bills by the full faith and credit of the US government. How does the guarantee provided by the insurance company issuing the contract compare - what if they fail?

I have 3 annuities that are all have a 3% inflation rate Plus when i die my beneficiares get all the money back Pacific Life

To me you came across as being neutral on annuities and not saying for or against annuities. However, for the blue collar middle class working Americans annuitizing up too 50% of there retirement nest egg to guarantee income really make sense. You can use the other part of the retirement nest egg for growth and income to help fight inflation. This is annuitizing just before retirement and after growing the retirement nest egg.

My WR is high and the final value I get is 110. That can't be correct. For the top I have 8.8 - 4 and the bottom is 7.5-4.

Annuities are golden handcuffs, very expensive way to limit your total returns. Loved your quick analysis, like a band aid on a broken arm! The only people that really love annuities are insurance companies and their commission based salesmen.

Hey Rob, love this podcast, very timely. I'm very curious you thoughts about the podcast "Fun with Annuities"..let say episode #48. Reasons for an Annuity ..Acronym "PILL". I would love you thoughts on this....thanks for all you do!

@rob_berger

2 жыл бұрын

I'll check it out.

shout out the lawn mower in the background LOL

It’s about peace of mind. Guaranteed income. Hand your money over to the insurance company and they distribute it back to you. Now THAT is passive investing. You make no decisions or have any concern over where the market may be heading.

how do you handle RMD`s? you cant touch what you gave to the insurance company. im sure its counted in your IRA balance for RMD~s

Where are the links?

Bob, if I buy an annuity using money from an IRA how does that effect your yearly RMD requirement? If for example I buy an annuity using a significant chunk of my IRA would I still have to compute my RMD each year by including the amount I paid for the annuity plus the money left in my IRA?

@olfart7902

Жыл бұрын

Only with a QLAC you can postpone RMD requirements..... with a SPIA using IRA money the amount you receive each year will be subtracted from your RMD requirements...yes you would add the annuity value to the remaining IRA to compute RMDs...hope that helps....a little info than you asked for 😀

What good would 10% bonds in Buffets 90/10 portfolio do for you?

Another great video! How would you consider annuity as part of the "60/40" portfolio? Would it belong to the 'bond' bucket? Or is it separate from the 60/40 allocation? TIA!

Its amazing how many people in Texas do not realize pensions are funded by annuities. People happy about their income certainty have pensions. Business owners must create their own retirement plan and pension, which are funded with annuities. Social security is bankrupt and at the mercy of political risk every cycle.

Have you done a video on creating your own annuity? It may not make sense, but why can’t someone do it themselves? Is it too difficult? I’m a novice, but seems like it would be better to replicate it and keep the principal for the family.

@MarlinFinancialAdvisors

8 ай бұрын

You can. Just build a treasury ladder from year 0 to year 30 or whenever you think you would die. Obviously there is quite a bit of math involved. The main two benefits of income annuities, from my point of view, is simplicity, and the life insurance piece. The simplicity piece comes into play with retirees that don't know that much, or don't want to build their own treasury ladder or manage a portfolio. They would rather have that time back to enjoy their retirement. The life insurance piece is helpful since the annuity companies can insure against longevity, which you as the individual can not do. You can always pick the annuity with 20 year guaranteed if the principal loss worries you. Usually doesn't ding your payment too much.

The formula dictates that the better annuity is, that is the bigger AR it pays, the less of it I should buy. It doesn't make sense.

Annuity gives you retirement income. That's income without spending down the stock portfolio. The annuity along with social security create the income floor without worrying about the behavior of a market out of your control

@hanwagu9967

Жыл бұрын

huh? the money you would be scammed into an annuity is in fact taking/spending away from your stock portfolio. An annuity simply gives you your money back. It's basically paying an insurance company to give you your money back, while they profit from it. The mafia provides you with security for a donation, too. You could simply self-annuitize, which is the whole 4% or x% safe withdrawal rate, by having some discipline in your withdrawal rates and investments in retirement. Annuities are carefully calculated by insurance actuaries to use your principal seed money and repay you fixed amount of that seed money over time, and most importantly not to pay you any of the house's (insurance company's) money. That's why insurance actuaries make the big bucks. The only way for you to get back anything beyond your principal seed money is for you to live a very long time, which is atypical if the high priced insurance actuaries have effectively done their jobs. Why would you pay someone 100% principal plus fees, to only get back maybe 70% of your principal? You know something is bad or suspect when: they (annuities) are pressure sold to vulnerable populations, feed on that vulnerable population's fears, and use complex structures, wording, and fine print to confuse that vulnerable population. The $1.8Trillion annuity market is simply predatory, but politicians who line their campaign coffers with insurance lobbyist money and tax revenue are more than willing to continue letting predatory insurance industry peddle annuities to vulnerable populations.

An IA with a LTC Rider might be a good idea for people with certain genetic health risks.

Hey Rob! I'm about 10 years from retirement and am considering an Annuity as a way to payoff my mortgage, lump sum, at a point in the future. Plan is to invest about $200k in the annuity which is what I would owe based on the mortgage amortization schedule for the date I want to retire. My goal is to guarantee the money is there which is why I'm considering this as part of my 401k rollover. Bad or good idea?

@sergiosantana4658

2 жыл бұрын

Have you considered the tax implications when you draw the lump sum to pay off the mortgage.

Question. Now, 1 year later, given the rates we have today what are your thoughts on the following: I am 60 yrs old. Should I put money into a deferred fixed annuity to lock in todays rates?

@rob_berger

Жыл бұрын

You just can't answer that question in a vacuum in my opinion. Needs to be based on your entire financial picture and your own personal approach to funding retirement.

@emc6511

Жыл бұрын

From what I've observed, the increase in interest rates have benefited MYGA greatly and really have not affected SPIA or DIA; same payouts as before FED increases. Makes sense; for MYGA the carriers are matching our payout with short term treasuries etc which are UP ... long term treasuries are lower return than short term ... AKA the inverted yield curve situation that persists. So long term SPIA and DIA not joining the party. Maybe when we see MYGA rates deflate will be the pivot to consider long term SPIA DIA. Not that they will be better than now; just that MYGA will not be better than SPIA DIA as they are now.

I personally can't see any scenario where an annuity would be a good fit for me.

What is ARF

My fiduciary told me to never ever invest in annuities! Unfortunately I already had one that was left to me. It's does earn interest but very little 2%. Now it may somehow be good for certain situations but be very careful in shopping for them if you decide to go for one. Beware banks push them because they earn a commission when you get one! An iseries bond maybe a much better option as it pays interest at the rate of inflation.

Wonder about annuity laddering say every 5 yrs as part of your bond portfolio portion as you retire where when you get older your bond portion would generally increase and you could annuitize a portion of that to guarantee. I’m nearly 50 and 90/10 mix, but my wife wants more guarantee’d income and fearful of the market, while I’m more bullish.

@rob_berger

2 жыл бұрын

Definitely a solid strategy. I don't need annuities, but if I did, I would likely ladder them. Pros and cons, like anything in life. But I do like the strategy.

I would like to get your thoughts on Jerry Golden and his approach to annuities and retirement income

I guess you can say an annuity, like social security, is supplemental income. "Never buy something you can't auction or pawn."

Tell me are you a licensed insurance Agent with the State of Utah?

It is very misleading when someone talks about a 'rate of turn' on an annuity. Since with an annuity you have lost the entire principal, the money you get per year isn't really a 'rate of turn' on your investment.

If we were in a time with historically high interest rates would it make sense to lock in a annuity rate? Depending on your age, etc. P.S. I love this channel, thanks.

@AAB463

2 жыл бұрын

OR if inflation is at historically high rates…seems to be a good solution.

@johngill2853

Жыл бұрын

@@AAB463 I'm confused why do you think SPIA is good in high inflation period?

@AAB463

Жыл бұрын

Yeah…I don’t know what I was thinking!

Take your savings and live overseas or where you can live on $30 k per month like a King

@akwolf1434

2 жыл бұрын

@@adamtatusko :)

@BK-dy8jk

2 жыл бұрын

Not if the dollar collapses or loses extreme value and at the rate our debt is going could happen

@shelleyzoe8254

2 жыл бұрын

uh no thanks.