10 Years Ago: Shootin' It Straight With Stan

In this episode, The Annuity Man discussed:  Why we should get rid of backtested numbers  What an index annuity is and isn't  Don't be the sucker at the table    Key Takeaways:  Backtested numbers capitalize on some of our most unwanted feelings such as regret and the feeling of missing out. We have to see those as what they really are: backtested numbers are garbage and should be illegal.  An index annuity is not a market product, and it's not a security. It is a fixed annuity and an efficient delivery system for an income rider guarantee.  Don't be the sucker at the table. If you get pitched a backtested number plus a "generous" upfront bonus, that's how you know that they're in it to get a commission out of you.    "It could work in your favor, or It might not, but it's not free money. Annuities are for-profit businesses. Don't buy the dream because you're going to own the contractual reality." —  Stan The Annuity Man.        Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!