Nov 17, 2020
In this episode, The Annuity Man discusses:
- Types of annuities that are and are not transferable.
- Buying and transferring an annuity inside of an IRA.
- Only transferring if it is in your favor (not the agent’s favor).
- How Income Riders affect the transferability of your policy.
Key Takeaways:
- You can transfer from one IRA to another as a non-transferable event (meaning no taxes) regardless of the type of account.
- Transferring your annuity is not always in your best interest. Just because it is transferable does not mean you should transfer it.
- Upfront bonuses to transfer your annuity is never, ever, ever, a reason to transfer. Ever.
- There is no urgency to buy an annuity and there is no urgency to transfer an annuity.
"You don’t transfer for transfer’s sake. You don’t transfer because it sounds too good to be true. Remember, if it sounds too good to be true, it is every single time." — The Annuity Man
Connect with The Annuity Man:
Website: TheAnnuityMan.com
Email: Stan@TheAnnuityMan.com
Book: SPIA Owner’s Manual
YouTube: Stan The Annuity Man