90% of Annuity Buyers Make This Mistake in Retirement | Age vs. Time Value of Money

[@kciis]

​​Please post any questions and let us know if you enjoyed this video! (You comments means a lot to us!)

[@slotmimi2197]

Explained annuities very well! I bought mine at 58.5 years and will not draw off it until 69.5 or 70 years old! My financial counselor was great about explaining it to me since I was not going to have a big pension from all my years working as a nurse. Great part is I am 65 and my husband is 70 and he is still working ( he works from home) which makes waiting until 70 doable!

[@kciis]

Thanks for watching our video! Sounds like both you and your husband are well-prepared for retirement when the time comes. 👍

[@StressLessFinancial]

That's fantastic to hear how strategically you've planned your annuity purchase! Waiting until 70 can maximize your benefits. How did you decide on the right timing for starting your annuity payments, considering your unique financial situation?

[@johnc4702]

I am confused with the different terms of pensions to take. I've have received paperwork to receive £62,202.40 at 25% and rest for the rest to come. I am 74yrs old. real late . I would like to know what is the best terms of policy should I accept to go through with. thanks.

[@CocoTiu]

Thank you for those useful information. You help me to make very well informed and form decision.

[@kciis]

You’re welcome! Kai & Ann Chung

[@1timby]

We have several aunties. A MYGA and others that pay out after 10 years. I'm trying to grasp how RMDs will affect these annuities we can't start getting the income rider for several more years.

[@kciis]

It would be best to make sure that you talk to the insurance company directly. Unless you have a very, very competent agent. Most insurance companies will allow you to take withdrawals with no penalty for the RMD. Just remember that MYGAs do not have any lifetime income riders. The only way that you can get lifetime income through those is by a annuitizing, which in most cases we do not recommend. Very few situations do we feel it’s necessary to annuitize. Thanks again for watching! Kai & Ann Chung 408-502-7080

[@1timby]

@@kciis I'm allowed the 10% without penalty. However, I'm not sure how it effect the income rider amount down the road as I will still have a few years before we can turn it on.

[@ddubbs0517]

Can you post link to the payout calculator you used at 4 minutes into the video?

[@kciis]

Sure! Just keep in mind that we are not pushing that company and they may or may not be in your best interest. We just like the calculator. Also, the calculator does not show the cash value's participation either. Make sure you understand the difference between cash value and formula benefit value. I would encourage you to watch our 5 income Rider video to better understand the 5 Types of "Income" Rider first. Call us to see if these Hybrid Pensions are in your best interest. Kai & Ann Chung 408-502-7080 "Is THIS REALLY the BEST Annuity?" | PROs & CONs | 5 Income Riders kzbin.info/www/bejne/pGipnK2dhtmDbsk Calculator www.nationwidenewheights.com/guaranteed-income-tool/

[@kciis]

I would also encourage you to watch our entire 4 playlists to educate yourself on how this is possible and the terminologies as well. Enjoy! Step 1 Playlist: 5 Annuity Types | Terminologies | Design Purposes Explained👇 kzbin.info/aero/PLhy55v5WCqkDeauJQO53zTt3UXf_Fb6qt&si=uAtildO9OhuXY23K Step 2 Playlist: “Do I REALLY Need an Annuity & Is Now the Best Time?”👇 (Comparing Hybrid Pension vs. Investments) kzbin.info/aero/PLhy55v5WCqkB005aQ8oGyxnWGV6TurBYg&si=r_UYh9jaHxEHpH7Z Step 3 Playlist: Best Strategies | Fixed Indexed Annuities Explained | How We Get Paid👇 kzbin.info/aero/PLhy55v5WCqkDCEsB95KCA_JrjbzJDKKpG&si=Gk_PVvL2P-OepWiI Step 4: DISCLOSURES: Beware of Annuity Scams & Bankruptcy Explained👇 kzbin.info/aero/PLhy55v5WCqkASjgCnghepaVxBJueTJQpY&si=Xt2XIhcxC2Tyq35b

[@sylviarodriguez9817]

What is a Registered Index Liniked Annuity?

[@kciis]

As we mentioned before, RILAs are a type of Variable Annuity, that we never recommend due to the market risk and high fees. If your goal is to retire with guaranteed income, we recommend looking at Hybrid Pensions. Here is a video that explain hybrid pensions further: kzbin.info/www/bejne/g4Wmo4WobKylh8Usi=rsongO1ZuKjSzVOH

[@sylviarodriguez9817]

​@kciis Thank you very much for responding. We are looking for investment growth, not income. Our bank financial advisor (with no fees) is recommending allocation of funds in three annuities; RILA, and fixed with Athene, and fixed index annuity with Delaware. Thank you!

[@Johnny-kz9tb]

Greeting from Melbourne. Very good lesson for me in annuities education.

[@kciis]

Hello from California! I’m so so glad I can reach someone over in Melbourne. I’ve always wanted to go there and see the Australian open! That’ll be my dream one day. Especially when we start my hybrid pension! Kai & Ann Chung

[@HeatherCampbell-kc7fx]

How can you make any money if there are so many fees?

[@kciis]

You are referring to the variable annuities send the propaganda that’s being fed out there. Every single hybrid pension we sold is between 0% to 1% in fees. I would recommend to watch this video to learn about the five different riders. And then, if you like, feel free to give our office a call to learn more. Our goal is to be be transparent and educational. Kai & Ann Chung 408-502-7080

[@johngill2853]

Annuity is a broad category But MYGAS and SPIA'S don't have fees. They are a contract Think CDs, the rate you see is what you get (take it or leave it) Now there are Annuities with fees

[@HeatherCampbell-kc7fx]

Yes. I am the unlucky one with fees because I have a advisor. Never going to trust another again.

[@genghizkhan4612]

Im 58 , is deffered 1 year fixed annuity ok ?

[@kciis]

Thanks for your question! A 1-year deferred fixed indexed annuity could be a suitable option, but it depends on your specific financial goals and timeline. I also strongly recommend watching our videos on Laddering In & Laddering Out. If you want any help strategizing your future annuity, feel free to give us a call. Kai & Ann Chung [phone]

[@tammieg4788]

IS 60 THOUSAND ENOUGH TO PURCHASE A HYBRID. 2 TO 5 YRS BEFOR RETIREMENT What might the estimated return on that be.

[@kciis]

Yes, but call us to see if it’s I your best interest overall and your age as well. We don’t want to sell it to you unless it’s a good fit. Kai & Ann Chung 408-502-7080

[@botaka54]

Hello I am learning alot from your videos. Are annuities protected from lawsuits or a divorce ? If i am sued and lose in court can the plaintiff seize all of my annunities from my retirement accounts?

[@kciis]

Thank you for your compliment! As you learned from other videos, there are different different type of annuities. Here’s what you will find regarding a general answer, however, it will depend on the specific annuity and the situation. “Many annuities are exempt (protected) from the reach of creditors under either federal bankruptcy law or state law, but some are not. The ability to use the exemption can turn on the particular characteristics of the annuity, making this area of law complicated.” We hope you continue to find our videos educational and give us a call if you would like to see if and which annuity might fit your situation. Kai & Ann Chung 408-502-7080

[@airbourne2]

I'm 63, can I buy an immediate annuity for my 62yo brother to help him out financially?

[@kciis]

It really depends on your financial situation also your brother's need. Give our office a call and we will see how we can further assist you and your brother. Kai & Ann 408-502-7080

[@kerrib1474]

Wow aren’t you a nice sister

[@katprowler6805]

Whats hybrid pension?

[@kciis]

You can learn more about Hybrid pensions by watching this playlist below: kzbin.info/aero/PLhy55v5WCqkDeauJQO53zTt3UXf_Fb6qt&si=WbEF5boNS7p7sdOE

[@lepouche]

hello, are you licensed in Florida?

[@kciis]

Yes! We actually assist in all 50 States! FL is one of our most popular states we assist!

[@kciis]

By the way, you can call us at: 408-502-7080 -Kai & Ann Chung

[@4378200]

I wish you used lower amounts....like 50k 100k. All of these clips always use 500k...what about those who have 250-300k like me?

[@kciis]

Thanks for asking. We pick a number in between for those with very little too over 1 million. Thus, $500k. However, all you have to do is simply divide these numbers and half for 250,000. Most importantly, depending your situation these types of annuities may or may not be in your best interest. That’s why it’s supposed to give us a call and we can figure out what’s best in your situation. We have a five step process that will help you figure out what is best for your particular asset level. We look forward to hearing from you. You can call our office here: 408-502-7080 Kai & Ann Chung

[@carlos-dt6ni]

What do you think about the Allianz 222 annuity?

[@kciis]

We are licensed with them. However, they do not perform that well compared to others and also lifetime income rider is one of the hypothetical rather than the hundred percent contractual guarantee riders. Because of that, we have replaced many of those. Are you buying it for the lifetime income rider? What is your purpose? Feel free to give our office a call and we can get to know your situation better. Again, we represent over 50 plans. Kai & Ann Chung 408-502-7080

[@GotGracexxxxx]

I would buy an annuity only if they paid a fixed number of gold grams per month, instead of dollars. Anyone who talks about the "stability" of an annuity (or a pension without a COL adjustment) is ignoring the destruction of the dollar's value resulting from continuous printing.

[@kciis]

We agree, most of the annuity payouts does not have any inflation adjustment or COLA adjustment like Social Security, but it also depends on the product and types of annuity. There are annuities that also does have inflation adjustment, but it also has its downsides. You can also utilize the Laddering Out & Laddering in strategy we talked about in this video to help with inflation as well. Feel free to reach out to us if you are looking to find an annuity that would satisfy your concern stability and inflation. Kai & Ann 408-502-7080

[@armandosanchez-rc5bn]

I am 62 years old male and I'm wondering what to do with $500k from real estate sale. I don't have a job right now.

[@kciis]

Depending on your goal, if you are looking to create guaranteed income as a way to help salary replacement, we would be more than happy to talk to you about your options. Give our office a call at 408-502-7080 and we will be able to assist you further!

[@KellyStevensFGG]

If they invested in an annuity when they were young, they tossed out all the growth of the market. Most people do not live into their 90s. They lied at minute 4:44.

[@kciis]

I appreciate your perspective! It’s true that investing in an annuity at a younger age could mean missing out on potential market growth, but the goal with annuities is often to provide stable, predictable income later in life-especially if you're looking for security as you age. Every financial decision comes down to personal goals and risk tolerance. We’re here to help clarify the options and make sure people understand the trade-offs involved. Let us know if you'd like more info or have any questions!

[@bluesky2145]

When comparing the $500,000 10-year deferred with $500,000 one year deferred you're not comparing apples and apples. The $500,000 invested at 5% for the next 9 years would have given you $775,000 so now invest that in your one year deferred and it will probably be the crap out of both of the examples you gave. That's how you get it done. Anyone who would keep their $500,000 in cash and not grow it at all it's just dumb

[@kciis]

Thank you for the comment! We would love to compare and show you what we are talking about. Feel free to give us a call. Kai & Ann Chung [phone]

[@BigRed2]

You would have more followers if you kept videos under 10 min

[@kciis]

We agree. Our goal is to educate our clients calling us that are searching and researching for more details first. We plan on making others shorter for sure. Thanks for your feedback.

[@kerrib1474]

I don’t mind . If too long I just pause and come back later. I’d rather have lots of details