Pension Annuity Vs. Lump Sum | Which One Is Better?

[@StanTheAnnuityMan]

How Much Income Do I Need In Retirement? kzbin.info/www/bejne/pmamkKGOgrmrmKM

[@jamesdidonato9793]

Last year I made a property sale and had over $1 million dollars in proceeds. i put around $400k in index annuities and put the rest in the trending High Frequency trading style. Today i have made more than double the annuity premium from the stock market and sure enough will not need an annuity for the rest of my life with the way things are going still I will not discredit annuities in any way. they buy you peace of mind but then a lot of people buy them out of fear of what's yet unknown even when it's not the best decision for them. if you need growth, you can try other stuff and tools. annuities should be a backup plan, just like an insurance. concepts like HFT/ algo trading and diversification of assets can be of great help for growth oriented individuals while still retaining control of your money. and do make sure your annuity plan has that death benefit clause in them, that is if you need to

[@travismitchell4209]

i agree with the idea that we should consider annuities like an insurance rather that an investment. nice portfolio you have going on though. kudos!

[@robertlambert1786]

how does algo trading work. might just be what i need now. i still need growth as much as the downside protection that annuities provide

[@jamesdidonato9793]

@@robertlambert1786 it's when your account mirrors someone else's trades. some also call it social trading. trick is knowing who to copy. i managed to work my way into Josephine Guevara Laporte's popular algo trading program. you should check her out. there are other similar options out there however consistency and smart diversification skills were the clincher for me with Josephine

[@robertlambert1786]

@@jamesdidonato9793 i see. how do i get into her program? just looked her up

[@benmeng9216]

@@jamesdidonato9793 i i hey buddy, I am already in retirement and have like $700,000 in a CD account with a very low interest. I only need $30,000 for liquidity purposes(emergency fund) and plan on growing the bulk to over a million. I found Josephine Laporte's online website after looking up her name. quite impressed at her portfolio. however can you give me an idea of her fee structure?

[@josephj7991]

I am single 60 yo. I can get $1840 p mo no COLA or Lump sum of $235,000. I like idea having monthly income? Want to wait until 65-67 for Soc Security around $2000 I had $450K IRA now about $375k. I expect it to rebound in a few years?

[@onlywenilaugh6589]

Right now conversion rate is 1.57% for annuity with my company. Pretty bad if you ask me. Also, lump sum you have access to it if required. Annuity you will never get more than the monthly payments and when you die, if you did joint, spouse will get very little in most annuities. I don't like them. Lump in Wellington or similar to me is better.

[@StanTheAnnuityMan]

Thanks for your comment. It all comes down to if the income is needed and guaranteed income is important. If it isn't then the lump sum may be the best option.Thanks for watching!

[@arazzano5864]

Ok, why does Suze Orman always say stay away from annuities? Trying to get a balance of info on options.

[@StanTheAnnuityMan]

Suze has her own opinions. I don't believe anyone should say EVERYONE should NEVER buy any one thing. The reality is a Single Premium Immediate Annuity and other Lifetime Income annuities are the only products that guarantee income for the rest of your life. NO OTHER PRODUCT DOES THIS. If you see an advantage to that, then annuities may be right for you. If you don't, then they probably aren't. Additionally, principal-protected MYGAs are currently paying a higher interest rate than can be obtained with CDs. If that isn't important, then again annuities may not be the right option.

[@arazzano5864]

@@StanTheAnnuityMan I think the question is more of cost. Her opinion is that annuities are very expensive. That is what I’m trying to balance. Not the annuity product itself, but the cost to the individual.

[@michaeltyler53]

So my company does not offer a lump sum. The annuity longer grows interest after I am 62 if I take monthly payments I will be taxed at 37%.

[@StanTheAnnuityMan]

Most companies offer a lump sum option. I'm sorry yours does not.

[@johntempest7798]

You are entertaining alright 😎💥!

[@StanTheAnnuityMan]

Thank you!

[@christopherhennessey8991]

Pension. Hands down .

[@christinelassley2834]

Stan, do you have an email address or a way I could send you a personal question about my pension decision?

[@StanTheAnnuityMan]

The best way to get a hold of me is to book a call. www.stantheannuityman.com/book-a-call/