Should You Date or Marry Your Annuity?: Shootin' It Straight with Stan

In this episode, The Annuity Man discussed:  Dating your annuity company  Marrying your company for lifetime income What do you want your money to do contractually?  Dating MYGAs to peel of interest    Key Takeaways:  Dating a company means that we're only going to be there for a specific duration. With multi-year guarantee annuities and fixed-rate annuities, you give the annuity company your money for a specific period of time, If you're signing up for a lifetime income product with an annuity company, you'll be there for life, so you have to make sure they can back up the contractual guarantees they claim.  If you're marrying the annuity, get lifetime income products where the annuity company will pay you a guaranteed amount as long as you're breathing.  If you have enough money to peel off the interest and never touch the principal, then you can date the MYGAs and ladder them into a two-three-four year ladder or three-five-seven year ladder.    "We're either marrying or dating the annuity, and it depends on the type. With the lifetime income products, we're marrying them. With short-term, multi-year guarantee annuities, we're dating them." —  Stan The Annuity Man.   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!