I have 2 annuities $100,000 each. I am 58 and will be able to retire at 62 with no worries!
@sting114 Жыл бұрын
How much will they be paying each month at 62 each ?
@jopalo316753 жыл бұрын
I was sold in the first minute... great job
@ralphparker2 жыл бұрын
In the analogy, each year, one person lost all her money, of course she didn't need it anymore. But the annuity pool contains Thousands or millions of participants. You won't get 25% growth each year. Wade Pfau talks about the advantages of turning a portion of your retirement funds into an income stream and how it can help risk reduce your situation. My take is that if can cover your basic expenses in either or combination of pension, annuity, social security or other guaranteed stream, then you will a very warm security blanket. But the is also benefit to having funds in aggressive growth, especially for those who are still young.
@ShermanOn5 жыл бұрын
great analogy explaining longevity credits.
@charliewilkins88884 жыл бұрын
I have a Life time Annuity. My Family crrated ecurity for the rest of my life..... And I live by the minimalist concept too. It may not work for everyone... It works for me.
@audreyl7043 жыл бұрын
do you have a annuity from your parent's?
@audreyl7043 жыл бұрын
i have parents that are 70 ys 75 yr old and im thinking of add myself to their annuity
@mattnezz61273 жыл бұрын
how do you protect from inflation. If you get a lifetime annuity for 20 30 40 years, if you assume 5% per year on the currency you'd lose out slowly. Are annuity payouts re assessed to adjust for inflation?
@Rivard562 жыл бұрын
Tom talks about laddering annuities as the years go by.
@rockyneale2785 жыл бұрын
That's why you have to do business with a AAA rated company
@TomHegna5 жыл бұрын
Ratings certainly matter Rocky :)
@rockyneale2785 жыл бұрын
@@TomHegna thanks , seen you talk at New York Life , Northern Ohio, few years back..
@TerryD23 Жыл бұрын
If I put $100k in, what are the total fees / commissions in the first year?
@jonathanratliff4780 Жыл бұрын
There are zero fees in fixed income annuities and fixed rate return Annuity‘s. Annuities in the markets are called variable annuities have fees just like any other variable instrument like mutual funds, ETFs etc. Commission to the producer typically is about 3 or 4% one time only and that’s not taken out of the annuitants money that’s paid by the insurance company out of their general fund to the producer.
@TomHegna Жыл бұрын
Correct. There are no fees in an income annuity. Commission is paid by the insurance company not the client.
@dwighta82152 жыл бұрын
Let’s say you buy two annuities for a total of $200k. What happens to that principal if you and your wife suddenly pass away? Can that money be inherited by the children?
@TomHegna2 жыл бұрын
Sure. It depends on the annuity and whatever guarantees you select. But you could use either a SPIA or DIA. Set it up as joint life with cash refund.