032: Annuity Financial Advice for Seniors & Baby Boomers

In this episode, The Annuity Man discusses:  Determining if you need an annuity. Annuities are not one size fits all - they are contractual guarantees.  Taking care with the annuity sales pitches that are coming your way.  Creating your Annuity Statement of Understanding.    Key Takeaways:  Every single day, over 10,000 Americans reach the age of 65. To determine if you need an annuity, ask yourself 2 questions: What do you want the money to contractually do? When do you want those contractual guarantees to start? Never buy an annuity for market growth.  There are no philanthropists at annuity companies giving away money. If there is an upfront bonus, it is part of the contractual guarantee, not free money.   "Annuities are commodity products. The best annuity for you is the one that provides the highest contractual guarantee." —  The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  Book: SPIA Owner's Manual  YouTube: Stan The Annuity Man  Get a Quote Today!