"Is THIS REALLY the BEST Annuity?" | PROs & CONs | 5 Income Riders

[@kciis]

Did this video help you cut through the confusion with all the annuities and the income riders?

[@neilrosenberg4437]

Great video that answered so many questions.

[@kciis]

Glad it was helpful!

[@euxoaht1965]

I love how detailed you guys are and how you guys give your own opinion on what you don't like as much.

[@kciis]

Thank you!

[@elsaanndo7720]

This is very educational and I find it extremely helpful! I enjoyed watching your video as I feel more comfortable and confident in allocate my money for retirement with your company. Thank you Ann and Kai

[@kciis]

Thanks Elsa!

[@kinggeek1960]

Great info -- however can you put together an excel model to analyze the Jackson Perspective II /w Flex DB?

[@kciis]

Thanks. Good question. We do not do that since these models are state specific and rates can always change. Thank you for the compliment! Here’s our playlists for you to check out if you like. youtube.com/@kciis?si=b4f4luUs5nTzv9Qd

[@HannahLeckman]

You mentioned the Nursing Home Rider but not an Enhanced Liquidity Benefit Rider (used for long term care needs). Do you have any input on the ELB Rider Pro's & Con's etc...?

[@kciis]

Basically a Nursing Home Rider and Enhanced Liquidity Rider are the same thing. Just different words to describe the same benefit. The only difference might be what triggers the benefit. A nursing home rider is triggered by being confined to a nursing home where an enhanced liquidity benefit may be triggered by 2 of 6 ADLs (Activities of Daily Living). For further information it’s best to call our office since this varies by state. Kai & Ann Chung 408-502-7080

[@StressLessFinancial]

Thanks for bringing up the Enhanced Liquidity Benefit Rider! It's an important consideration for addressing long-term care needs. How have you weighed the benefits and potential drawbacks of adding this rider to your annuity strategy?

[@aresbisco349]

Sounds like the Hybrid pension may be best for me.?

[@kciis]

Sounds great! Give us a call! Kai & Ann Chung 408-502-7080

[@keithmachado-pp6fv]

I would say the MYGA is the most interesting but I prefer AAA rated Agency Bonds. 20 year callable bonds likely to be called in 1year are paying over 6% more than 1% more than 1 year CD.

[@kciis]

Thank you for your comment. Please keep in mind MYGAs is it perfect bond replacement. The disadvantage with those annuities is that you cannot touch it until 59 1/2 without the IRS 10% tax penalty. If you are over 59 1/2, buying a MYGA allows, you differ the taxes for as long as you like. So depending on your tax bracket, earning a 5.5% MYGA is equivalent to a CDR bond of 7%. I pasted another video that you can watch to learn more. kzbin.info/www/bejne/bl7HfWOdh5yal9ksi=aVyvKsw9xd4o0y0-

[@MariaN-rf5vx]

I’m trying to figure out investments I am not investment savvy at all where do I get AAA

[@keithmachado-pp6fv]

FIA sounds like an IUL without the life insurance or the cost?

[@kciis]

No, they are completely different products. The only similarity is that your growth is based on the index. Life insurance premiums have majority of the money going into the cost of the life insurance. That’s why it takes so long for you to build cash value. The benefit of life insurance is the tax free withdrawals. However, again most of the premium is going towards the life insurance premium. Fixed index annuities do not have any insurance cost going into some life insurance portion. That’s why most fix index annuities do not have any fees. if you buy one with a lifetime income rider, then your fee may be around one percent to guarantee contractually income for life. Does this makes sense? Kai & Ann Chung

[@keithmachado-pp6fv]

Thanks for the reply. So my comment was the FIA sounds like an IUL without the life insurance or the cost and you said “no” and wrote 3 sentences explaining that they are different because the IUL has life insurance and premium cost. LOL.

[@carlam6669]

Do annuities come with some kind of insurance in case the company that issued the annuity goes bankrupt? My pension is insured to cover this.

[@kciis]

Hi Carl, yes. Please watch this video we created here: kzbin.info/www/bejne/eZzWYoeqrJqre68si=U4ClrHMSVj6RxW9j

[@MariaN-rf5vx]

I do not think they are insured kinda scary

[@AditiPalKarandikar]

Thanks. QQ: what if we move from one state to another later?

[@kciis]

Hi Aditi! It moves with you!

[@eefusgoofus]

Do you have any thoughts on using annuities to take money from your company's 401k or an IRA at 55 for early retirement? Specifically can the annuity be purchased early and then turned into income using the rule of 55 or 72T Substantially Equal Payments?

[@kciis]

Yes, I can, but you have to be careful with the right strategy. I remember the word annuity is too generic. You have to use the right type of annuity and the right type of withdrawals in order to not get penalized. Please give our office a call and ask for Jake, my office manager specifically so we can set up a time to talk. Kai & Ann Chung 408-502-7080

[@StressLessFinancial]

Using annuities to facilitate early retirement from a 401k or IRA at 55 is a strategic move! Have you explored how annuities fit into your overall retirement income plan, especially in relation to the Rule of 55 or 72T Substantially Equal Payments?

[@Rudy-e3f]

THANK YOU!

[@darkminatozaki]

question, I am 31 (M), single, earning 125k gross annually, being offered 403b (no match) thru equitable, I asked if I can invest in SP500, the guy from equitable said yes but only with annuity thru tax sheltered, they dont offer self directed account. my question is if the tax advantage outweighs the high fees? I asked what will be the fees investing in SP500 and was told its 1.25%.

[@kciis]

Can I get specific advice since we do not see everything inside your portfolio. However, you do want to ask what type of annuity. Is it a variable annuity or fixed index annuity. Fixed index annuity, You are not invested “in” the index. With a variable annuity, your fees could be pretty high. You are limited to what the 403B custodian offers. Either way, whether it’s in an annuity or a 403b it is all tax sheltered. Thanks for watching! Kai & Ann Chung

[@darkminatozaki]

@@kciis its variable deferred annuities. It says EQV strategies 403(B) series 901.

[@darkminatozaki]

@@kciis appreciate your reply!

[@StressLessFinancial]

It's smart to weigh the pros and cons of tax advantages versus fees, especially with your income and investment goals. Have you considered other retirement savings options or strategies that might offer lower fees while still providing tax benefits?

[@Topself24]

Ppl will still say it’s an investment lol

[@kciis]

Well, we’re trying to train people! More and more of our clients are starting to realize they’re not investments. Thanks for watching and commenting!

[@MariaN-rf5vx]

What is your fee I am not a millionaire make less than 50k a year and not invested in much have a 401 k

[@kciis]

We do not charge a fee, but we do get commission from the insurance company just like when you buy any insurance products. However, what’s more important is whether or not what we do is suitable for you. You can give our office a call to see if we can do anything for you. Kai & Ann Chung 408-502-7080

[@hinicetomeetyou8292]

Whats your take on IULs ?

[@kciis]

Good and bad. BUT, NOT as an investment. They are sold way too often as an investment. One day we will make a video on that. It’s on our list but we have a few others we are making first. Kai & Ann Chung 408-502-7080

[@hinicetomeetyou8292]

@@kciis yea cause I have 2 and I always hear people talk down on them but mine have been good so far .

[@HungNguyen-se8dn]

Fixed annuities are just fine for our situations. We are very conservative investors and financially OK. 😂❤

[@kciis]

Thank you for sharing! If you wanted to learn more for your own income planning, feel free to reach out to our office! Kai & Ann Chung 408-502-7080 www.RetiringOptions.com

[@RickReed-y3l]

What is the min buy in for hybrid pension

[@kciis]

It really depends on the company, your current age, and your overall liquid assets. Feel free to give our office a call and we could discuss your situation to see if it’s your best interest. Kai & Ann Chung 408-502-7080