Preview Mode Links will not work in preview mode

“Fun With Annuities” The Annuity Man Podcast


Dec 21, 2022

In this episode, The Annuity Man discussed: 

  • Everyone goes through cognitive decline
  • Considering cognitive strategies 
  • Transferring risk through annuities
  • Why you should plan for cognitive decline

 

Key Takeaways: 

  • It doesn’t matter how sharp or healthy you are right now, everyone will go through cognitive decline eventually. 
  • Start considering cognitive strategies from a turnkey standpoint, whether it's for you, or whether it's for your spouse, or both, especially if you are already in the “slow-go” phase of retirement.  
  • Annuities are transfer of risk products. They sell for four things, principal protection, income for life, legacy, and long-term care. If you don't need to solve for those contractually, you don't need an annuity.
  • We all know somebody who either had a stroke, an accident, or a fall, and suddenly they can’t make those kinds of decisions anymore. It’s a horrible thing to happen to somebody, don’t let it be your horror story. Plan for cognitive decline. 

 

"Protecting the principle is a cognitive strategy. Lifetime Income is the ultimate cognitive strategy. Obviously, long-term care [is a] cognitive strategy." —  Stan The Annuity Man

 

 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: Stan@TheAnnuityMan.com 

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!