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“Fun With Annuities” The Annuity Man Podcast

Dec 20, 2022

In this episode, The Annuity Man and Steve Parrish discuss: 

  • Why we need simple retirement solutions
  • Transitioning from accumulation to decumulation 
  • How inflation affects insurance companies 
  • The benefits of delaying your social security


Key Takeaways: 

  • There’s a huge need to decrease the complexity surrounding retirement. Retirees or pre-retirees today are already worrying about the economy, laws and proposed laws, misleading advertisements, and the fact that they’re not as sharp as they used to be. 
  • Accumulation is all about maximizing your returns for a minimum amount of risk. When you’ve crossed the line of retirement, the risk becomes you run out of money before you run out of oxygen. You would want to have money to live off of in your second chapter; that should be your focus. 
  • Insurance companies are good investors in bonds. As interest rates go up, the rate gets higher on bonds, which gives the insurance companies more to work with. Inflation is helping insurance companies. 
  • Delaying your claim of your social security until 70 has some benefits. You can fill in the difference with annuities and other strategies. Social security is a great gift, but take it in the future. That will help greatly with flexibility in what you can do with annuities. 


"The fact is that more of us worry or know about situations of people living too long rather than dying too soon. I see annuities simply as longevity insurance." —  Steve Parrish


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