Stan The Annuity Man Hates Annuities… Find out why.

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 17 May 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You have likely heard, "Annuities are not bought, they’re sold".

Stan “the annuity man” Haithcock knows all about annuities, and knows why there is so much negativity around this financial product.

Variable, fixed, immediate, indexed: It can all be confusing to a person who doesn’t know what annuities are.

“If you are looking for market returns, you should never ever ever buy any type of annuity. If you are looking for income or principle preservation, or maybe some long term care issues, then an annuity may fit.”

Stan asks everyone to answer these two questions:

1. What do you want the money to contractually do?
2. When do you want those contractual guarantees to start?

From this point, you can determine if you actually need an annuity - and what type.

For more information, visit the show notes at https://moneytreepodcast.com/243

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Welcome to this week's episode of Money Tree Investing Podcast.
0:14.0	We appreciate you joining us today.
0:16.0	We're really excited with the guests we brought to you guys today.
0:19.0	My name is Kirk Chisholm, the host of today's show.
0:21.2	Today we're going to be talking about annuities. I know you've all got your thoughts about
0:25.3	annuities, good, bad, or indifferent, but today we brought on the perfect guest to talk about
0:29.9	it. His name is Stan, the annuity man, Haycock. Before we dig into some of these Wall Street
0:34.9	secrets with Stan, I want to talk about Betterment.
0:43.1	Are you looking for a better way to invest in market turmoil? Consider Betterment. Betterment is a robo-advisor that uses time-tested principles of modern portfolio theory to help you manage your
0:48.7	wealth and reach your financial goals. With Betterment, you don't have to use the stock market
0:53.1	to consistently build wealth.
0:55.3	For more information, visit our website, Moneytreepodcast.com slash betterment.
1:00.6	A lot of investors use Betterment, but it doesn't mean it's the right fit for you. Do your own research.
1:06.2	Check out MoneyTreepodcast.com slash Betterment to see if betterment is a right fit for you.
1:12.9	Today we're going to be talking with Stan the annuity man, Haythcock. How's it going today, Stan?
1:17.4	It's great. I mean, it's as glamorous as it can be if you're in the annuity business, right?
1:21.6	And that's all I do, annuities.
1:24.1	Glamorous and annuities. Who would have thought? I know. Well, you know, the bottom line with annuities, and I think that what separates them, and when a person gets on TV and runs an ad that says, I hate all annuities, that's like saying I hate all restaurants.
1:37.5	It just makes no sense whatsoever, and you can't say that if you hate your pension or you hate your Social Security.
1:43.5	Annuities are contracts,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money Tree Investing Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Tree Investing Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.