Understanding the Pros and Cons of Annuities with Stan Haithcock

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I interviewed Stan Haithcock, the expert I depend on when I have questions about annuities. We will dig into single premium life annuities (SPIA), multiple-year guaranteed annuities (MYGA) and other insurance products that are often over sold and over priced. What is the truth and how can you get what you need at the right price? Join me and Stan as he answers my questions and yours.
Stan Haithcock, also known as "Stan the Annuity Man" is recognized as one of the top independent annuity agents in the United States. Stan has authored seven books on annuities - all free on his website- and has produced over 1,000 educational videos on RU-vid. His goal is to help do-it-yourself investors understand how annuities work and to protect them from costly mistakes.

Опубликовано:

30 апр 2024

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Комментарии : 6

@rick_vv7754 2 месяца назад

MYGAs are offering some good rates currently with rates above CDs and USTs. I am retired and thought about buying a SPIA in the future but on the fence as there are a lot of pros and cons. One new benefit is that Section 2.04 of Secure Act 2.0 allows the payments from a SPIA in an IRA to lower RMDs for your other IRAs because SPIA rates are typically higher than RMD rates and IRS looks at all IRAs as one big IRA.

@rick_vv7754 2 месяца назад

For longer term annuities, credit rating matters as mentioned. In addition, best to avoid insurance companies that are owned by private equity companies because many are domiciled offshore and use GAAP accounting (to boost credit rating) rather than the more stringent Statutory accounting that is used by US based insurance companies.

@grigorirasputin425 3 месяца назад

Next video will be "understanding cryptocurrency "?

@nellaikswokub139 3 месяца назад

Great presentation, thanks gentlemen!

@wtcneverforget8163 3 месяца назад

As far as MYGA's go, I bought a 2 year CD at 4.9% with the intention of turning it into a 5 year CD to bridge me to SS when it matures. According to thsi video it sounds like a MYGA would of been the way to go?