Timothy Sumer

IN THIS EPISODE, STAN THE ANNUITY MAN AND DANA ANSPACH DISCUSS: Juicing your retirement money How can you know if you’re “retirement-ready” What are some things you have to consider when setting up your retirement plan The four percent rule KEY TAKEAWAYS: Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it. You need to know what the risk factors are in the decumulation phase. Calculating the bigger picture of your retirement will help you make decisions that increase your probability of success and have peace of mind in the future. Reality is that you can’t spend just a solid percentage in your retirement fund, there are circumstances that would have to be account

In this episode, The Annuity Man discusses: The best thing to do if you have inherited an annuity. Understanding the type of policy that you are inheriting. Spousal and non-spousal choices of an inherited annuity. Understanding the goals and the contractual guarantees of the annuity you have and what you want it to do. Key Takeaways: You have to hire someone who is qualified to give tax advice (like a CPA or tax lawyer) for tax advice. Do not take advice from anyone else because it is an ever-changing landscape and can vary from state to state. As a spouse, you can do what you want, you just have to inform the annuity company within 1 year from the date of death. As a non-spouse, there are multiple options and it depends on the type of annuity that you are inheriting and what you want the money to do. When transferring annuities, some of the benefits may not transfer. Do not transfer for an upfront bonus. "Never, ever, ever move an annuity for an upfront bo

In this episode, The Annuity Man discusses: What a 401K is and how it affects your retirement. Market growth versus contractual guarantees. Shopping annuities like you shop for plane tickets. Understanding proportion and allocation. Key Takeaways: What do you want the money to contractually do? When do you want those contractual guarantees to start? If you want market growth, don’t buy an annuity. The best annuity is the one that provides the best contractual guarantee for your specific needs. Nobody knows what is going to happen with inflation. If hyperinflation hits, at that time you solve for what you need then. "You have to be specific about what you want the money to contractually do." — Stan The Annuity Man Visit our website - Use the Calculators - Get The Annuity Man's Books - Schedule a time to talk to Stan - ... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO IN