Live off the Interest Until You Can’t: Shootin' It Straight With Stan (TAM Classic)

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Live off the Interest Until You Can’t: Shootin' It Straight With Stan (TAM Classic)

Рет қаралды 2,321

Күн бұрын

In this TAM Classic, we delve into the concept of living off the interest until you can't. Join Stan as he breaks down the strategies, pitfalls, and realities of relying on interest income for your financial needs. Whether you're nearing retirement or just planning ahead, this video is packed with insights to help you make informed decisions.
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Пікірлер: 21

@user-ld2vw4vu1r Ай бұрын

😂 You really should have been a comedian. You are so funny in the deliverance of the information you bless us with. I love your videos, 😆 they have taught me so much. Keep it coming and keep up the high frequency positive deliverance.❤😊 Thank You! and Happy 4th!.🎉🎇

@StanTheAnnuityMan Ай бұрын

Thank you for the kind words! Have a happy 4th!

@marantz747 Ай бұрын

makes a lot more sense than "fixed" Index.

@StanTheAnnuityMan Ай бұрын

Thanks for watching!

@gg80108 Ай бұрын

do not be fooled by the FIA name, you can add an income rider to it, that changes the whole deal.

@SuperThinwhistle Ай бұрын

Mr. Annuity Man, I would love to know the answer to this: historically speaking, would one be better off putting a lump sum (for example, $500k...but it could be any number) into a deferred income annuity with payments beginning at a later date, or would they be better off putting that exact same amount of money into a MYGA for the same duration and then buy an immediate income annuity at that later date? So, either $500k in say a 7 year MYGA or $500k in a deferred income annuity that pays out in 7 years. Understanding that past performance is no guarantee of future results, which option would historically have been better?

@StanTheAnnuityMan Ай бұрын

For me to give you an answer about your specific situation, please feel free to book a call with us! www.stantheannuityman.com/book-a-call/

@Blublod Ай бұрын

It really depends on when you need the income. If you need it now then a MYGA is the way to go. But if you can do without it now, the deferred annuity makes more sense because it’s like putting money in the bank to earn interest so you can earn that income later. Either way you can look to preservation of capital throughout, or if you wish you can use capital + interest down the road for lifetime income. In the deferred annuity scenario you will want to consider your life expectancy as well because every year that passes you are closer to death.

@SuperThinwhistle Ай бұрын

@@Blublod my question may not have been clear enough. I'm talking about needing the income at some point in the future, like 10 years down the road. My question is whether buying a deferred income today (with income starting in 10 years) will generally produce a higher income than putting the same funds in a 10 year MYGA and then at the end of 10 years buying an immediate income, or whether the payout for an immediate income that has earned interest through a MYGA for 10 years pays more.

@Blublod Ай бұрын

@@SuperThinwhistle - Ah! I see. I think this will depend on the guaranteed interest returns that you can secure today and for the duration of the contractual term. You would have to model each scenario based on real quotes today, and then compare the projection of each compounding effect for 10 years out. I believe this can be done DIY, but you lose nothing giving Stan the Man a call since I’m sure he and his people can do this with their eyes closed.

@SuperThinwhistle Ай бұрын

@@Blublod yep, definitely worth a call, because while I can model it out today based on the rates shown on their calculators, my question is more broad, as it's more about which option (lock in a MYGA rate for X years and then buy an immediate income annuity, versus buy the deferred income annuity) would have historically been better. I imagine this is heavily impacted by the then-current interest rates, but was wondering if in the past one strategy was a clearly superior way to go to maximize income.