Aug 15, 2023
In this episode, The Annuity Man and Kerry Pechter discuss:
-
Recommended readings for retirees
-
The many types and applications of annuity products
-
Pulling back the curtain on annuity systems
-
Two products that Kerry likes
Key Takeaways:
-
If you buy an annuity book, start with “Annuities For Dummies” because it’s a primer, a foundational book, and much more. Issues of the Retirement Income Journal are also another must-read.
-
Whatever comes after the phrase “all annuities are…” is always false, as you can’t broadly categorize all annuities. They are like restaurants, shoes, or cars; you can’t say they are all bad. Every type of annuity has a different purpose and a different application.
-
Choose a company that puts its policyholders first. You don’t want to be second in line or third in line to management and the shareholders regarding retirement.
-
Kerry shed light on two products that people might want to look into to see if it fits their retirement plan: the variable income annuity and the fixed rate annuity with long-term care.
"Annuities are a bunch of products that have as much that are unalike as they are alike. Each one is a tool for particular kinds of people in particular kinds of life for different kinds of risk management." — Kerry Pechter.
Connect with Kerry Pechter:
LinkedIn: https://www.linkedin.com/in/kerry-pechter-1b05705/
Book: https://www.amazon.com/Annuities-Dummies-Kerry-Pechter/dp/1394168586
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!