Annuities and Timing The Cost of Waiting: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• You can’t time annuities

• Annuities provide guarantees

• The cost of waiting

• Annuities are not bought for market growth

Key Takeaways:

• You can't time the market when it comes to annuities - there is no "perfect" time to buy.

• Annuities can provide different contractual guarantees like principal protection, lifetime income, legacy, and long-term care coverage.

• There is a cost to waiting to purchase an annuity, as you may miss out on payments.

• Do not buy annuities for market growth, but rather for the contractual guarantees they provide.

"There is a cost of waiting. Does that cost pay off? If you wait, it can pay off for lifetime income because you're older, but you have to factor in the payments that you missed while you were waiting to get the higher payment." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [email protected]

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

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