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“Fun With Annuities” The Annuity Man Podcast

Dec 19, 2023

In this episode, The Annuity Man and Michael Finke discuss: 

  • Annuities are more attractive today 

  • Protecting your future lifestyle 

  • Cutting little slices on the birthday cake

  • There’s no perfect product to solve for inflation


Key Takeaways: 

  • At the time of this episode’s taping, near-retirees can lock in 5.2% on five-year MYGAs for the next five years; however, it may go up or down. 

  • When buying an annuity, you're essentially buying yourself a minimum standard of living forever, no matter how long you live. You have to choose if you want to shoulder the risk or transfer it. Your future lifestyle is at stake. 

  • It’s not going to be easy, but you must first recognize that you’re not going to live forever. You have to decide how you could spread out your savings to accommodate your lifestyle until you die or if you want to spend more money to have less worry. 

  • If you can be more flexible, then inflation’s impact won’t be that big of a deal. Also, there’s no perfect product to solve for inflation. There are options that could help you have some stability through it, like social security and I Bonds. 


"If we model out 1000 different potential retirements, the ones who will have an annuity will, on average, be happier, but the ones with an investment portfolio might have a slightly higher probability of success. But there is no information about what failure means." —  Michael Finke.


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