Unbiased Annuity Truths and Guidance with The Annuity Man

Money Tree Investing

Money Tree Investing Podcast

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

4.6 • 658 Ratings

🗓️ 24 May 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stan "The Annuity Man" Haithcock shares annuity truths and how to make informed decisions. Stan's all about cutting through the fog of annuities, giving it to you straight. We've had him on before, and it's always a good time. With a background in major finance firms, he ditched Wall Street to focus on annuity truths. His motto? Annuities are about what they'll actually do, not what they might. Stan's here to clear up the misconceptions and help you make informed decisions for your financial future.

Today we discuss...

The importance of focusing on what annuities will actually do, not speculative promises
Understanding annuities as contracts and making decisions based on contractual guarantees
Warnings against buying annuities for growth and Stan's advice to ask hard questions and seek clarity on contractual terms
The explanation of different types of annuities, stressing the importance of choosing the right one for individual needs.
The misconceptions about annuities as tax-free income sources or vehicles for infinite banking strategies
The role of annuities in retirement accounts, emphasizing the need to focus on contractual guarantees rather than seeking double tax deferral

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Megan Gorman | The Wealth Intersection
Phil Weiss | Apprise Wealth Management

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For more information, visit the show notes at https://moneytreepodcast.com/annuity-truths-stan-the-annuity-man-610

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.7	Hello, Smart Money Tree podcast listeners.
0:12.5	Welcome to this week's show.
0:13.9	My name's Kirk Chisholm and I'll be your host.
0:15.9	And today I'm joined with a good friend of mine, Stan, the annuity man, Haycock.
0:19.9	How are you doing this, Stan?
0:20.9	I'm good. Drop the last of mine, Stan, the annuity man, Hathcock. How are you doing it, Stan? I'm good.
0:21.6	Drop the last name, Stan the Annuity Man.
0:23.1	I am in the process of convincing my wife for 35 years to change our last name to the
0:27.5	annuity man, and that would be my greatest sale of all time.
0:31.1	We're close.
0:32.1	We're close.
0:34.7	Really tough negotiation on that one. Yeah, Christine, the annuity man, doesn't ring like Stan, but, you know, there's always tradeoffs.
0:42.4	Hey, you know, when they get married, sometimes they can take your last name.
0:47.2	You're a little too late on that one, I guess.
0:48.9	Yeah, I'm glad to be here, and I'm glad to have the opportunity to tell the truth, the brutal facts about annuities,
0:54.6	because it is a wild, wild west of mist untruths and misleading sales pitches and bad chicken dinner seminars.
1:01.8	And as we talked before, the annuity industry has earned its bad reputation, not to say that we're perfect, but we do tell the truth.
1:08.9	That's good.
1:09.4	Well, those of you longtime listeners
1:10.9	will know we've had Stan on before, twice actually. We had them on a debate as well as an interview
	...

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