074: Kerry Pechter: Bermuda Triangle Retirement Zone

In this episode, The Annuity Man and Kerry Pechter discuss:  What is the Bermuda Triangle Strategy?  How the Bermuda Triangle Strategy will affect you. The problem with the annuity industry. Prioritizing the consumer over anything.   Key Takeaways:  The points of the triangle are: a life/annuity company with large in-force, "blocks" of (usually) fixed annuities with guaranteed returns; a Bermuda-based or other offshore reinsurer; and a major buyout firm or money manager. The issue is with transparency and the lack of communication between the company and the client that's affected. The interests are not aligned with the people that hold your money.  Many members of the annuity industry focus more on the growth story rather than focusing on the customer getting the contractual guarantee.  The consumers all need to understand what's happening with their money.    "Don't let taxes rule your life, it's more important to have guaranteed income. Buy yourself the guaranteed income that will give you peace of mind." —  Kerry Pechter   Kerry's article about the Bermuda Triangle Strategy: https://retirementincomejournal.com/article/an-insider-describes-the-bermuda-triangle-strategy/     Connect with Kerry Pechter: Website: http://www.retirementincomejournal.com/  LinkedIn: https://www.linkedin.com/in/kerry-pechter-1b05705    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!