Episode Transcript
[00:00:00] Hello and welcome everybody to the Annuity Straight Talk podcast, episode number 238.
[00:00:05] My name is Brian Andersen, founder and creator of AnnuityStraightTalk.com Got some really good information to share with you guys today. As much work as this has taken, it is never done. And we've made some significant advancements this year and want to show you guys some cutting edge, edge annuity resources so that you can do as much research on your own without the pressure of a sales pitch. And of course, we don't put a sales pitch on people. We just like to help solve problems.
[00:00:32] Several meetings in the past few weeks have proved that where I'm not trying to sell an annuity, I'm just trying to figure help people figure out what makes sense for them and how to rationalize. Hey, are we ready for retirement or are we not?
[00:00:46] I might do some podcasts on that. Got a couple of cool case studies that we could do with you guys just to hopefully identify, like, hey, there's a lot of people with you that don't really have all the answers and just want some help to figure it out without getting thrown, you know, an annuity at them.
[00:01:02] So cutting edge annuity resources like subscribe or comment on any of your favorite podcast platforms or on YouTube. To schedule a call with me, it's the top right corner of any page on annuitystraytalk.com there's a little button that says schedule a call and you can get on my calendar and we'll chat. Okay, so what I'm gonna do, and I don't even really have anything prepared for this, I'm kind of going off the cuff now. I'm gonna put something on the website that's got all the links to it, but I want to show you guys the differences and the changes that we have in this new in. Right. And the amount of information that is now available to you because all the time and investment of time and money that we've done throughout this year, not to mention the big patent pending calculator that's getting better and better and better and going to be shortly one of the very best.
[00:01:50] It will be the best piece of retirement planning software. Anybody that's listening for a long time knows that I don't really like that stuff. So we got to go out and I mean, it's like the old adage, like you want something done right, you got to do it yourself. So you want some really good financial planning software, then you got to go create it. So that's what we're doing.
[00:02:08] I'm going to share my screen for the benefit of everybody that's watching the video. The newsletter will have links to all of this stuff in it. Regular listeners to the podcast. Hopefully I can explain it well and if you decide to check out the website, then you can do that, no problem. Okay, so what you guys will notice and I'm going to look at the screen here, maybe I'll move it a little closer so I can see it better.
[00:02:35] Okay, so what we've done this year is we've added a bunch of calculators and we added product resources. So you guys know this, we talked about it in the last podcast with a unique prod product. Okay, we've got guaranteed lifetime withdrawal benefit income that's available, which is usually really good. If you're deferring for a year or two or more, that's usually the best. We've got SPIA Single Premium immediate annuity income that's usually good if you're taking income within the first year or immediately and right away. And there's big differences between those products. I'm going to tie this all in together to talk about one of the bigger changes that we have right now. Okay, so, so on the income quotes, you want to make sure you run both to make sure you get the best deal and then you're going to figure out which one based on the different features of the products would be best for you.
[00:03:28] I'm going to come back to that. There's a little foreshadowing there. Okay, so also with annuity rates, when I talked about this, we have the ability to search any index annuity or fixed annuity, multi year guaranteed annuity on the market.
[00:03:46] So fixed index annuity rates, you can search by minimum premium, you can select your state, you can select a company or just a surrender term. And it will, I, what, what I like about this is it is the fastest one that I've seen. It's going to update immediately. So if I do 5 year surrender term on the index annuity, boom, just like that.
[00:04:06] You've got all the five year companies now it's going to say 19 companies, 58 products, 58 rates found. Okay.
[00:04:14] So you might want to whittle it down from there and you know, different based on different things.
[00:04:20] And the same thing goes with myga rates. So if you want just the fixed rates, if you say, you know, pick a company and let's go with Nationwide, right? And bam, just like that, all the Nationwide's products are going to show up. You're going to see the term, you're going to see the rate. Now what's really cool about this is we've added calculators as well. I don't know of any kind. Like I did a podcast on the index annuity calculator, right?
[00:04:52] Because I don't know, I've never found one, never seen one out there. And about the, the myga calculator, if you want to just see what your accumulation is over a period of years, okay, so Nationwide's 5.85. I happen to know they're going up a little bit, but all you have to do is come over to the side and hit calculate.
[00:05:13] It's going to take you to the myga calculator and you're going to get to see that. So that's a hundred thousand or more in premium. All we're going to do is let's put in a hundred thousand.
[00:05:24] And the cool thing about the myga calculator, and it's going to have, you know, put in your email, right? We're not going to bug you, but we just like to be able to look at this stuff and get some, some information, right? So you can see that a hundred thousand grows to $132,878 after five years in the guaranteed scen.
[00:05:44] The good thing about MyGas is there's a lot of companies that don't even offer you illustration. People say that it's like, oh, can I get an illustration? Well, most companies don't let you do it.
[00:05:54] So you can actually get in here and see. It's like, hey, how does this grow and what does it look like over time? Pretty dang cool. And we'll probably add the ability to program withdrawals so you can see what it takes if you take some money out of it. If you want to set it at interest only if you want to set it at a certain amount, sometimes people will like to, you know, invade principal. So we can set it up against buffers to make sure you don't get past the 10% free withdrawal, all that stuff. But the Myga calculator, pretty cool little deal. And it's very simple, honestly. But again, like, there's just not a lot of places that have it. So if you're poking around and you want to do a little like a little due diligence, go find your product and hit the calculate button and it's going to draw, drag you to the, you know, the myga calculator. That's really sweet. And I'm going to show you the same thing with the fixed index annuities.
[00:06:46] Okay. So all companies and you guys know, like, I like Midland national because they're awesome to work with. And let's look at their 5 year product or whatever, right. And so they have different products. They've got brokerage products that go through a broker dealer. They don't pay commissions, but you pay a management fee or have, you know, some investment requirements that go on top of that as well.
[00:07:10] So it's a little bit different. So the one I look at is the accelerate five. And what all we're doing is posting the fixed rate and the S&P 500 cap because that's how you go apples to apples between any two products.
[00:07:23] You have blended indexes, you have all sorts of different things, right?
[00:07:28] And we can't, if we take one index, you know, we just can't do apples to apples very easily. And I don't want to overload it with information because that's what causes the confusion.
[00:07:38] So if I go on the accelerate five and I hit the calculate button, it's going to take me to the fixed indexed annuity calculator. This is the only one I have seen. Okay, so this is a 25, a 20,000 minimum premium. We'll just say 100 anyway. And you get to choose your simulation start year, which would be the market year that you choose to start.
[00:08:03] It plugs in the cap rate for you and the fixed rate for you. So you go straight from the product to the calculator to see what would that product do over the period that I choose that I want to simulate that I wanted to decide. Really cool. This is a 50, 50 blend between the 9 1/2% cap rate and the 4.65% fixed rate.
[00:08:21] So you get to choose between those two. You could do 1010 on the other.
[00:08:26] And then you just go to. And there you go.
[00:08:31] So this one shows you the final account value using the fixed index annuity. After five years, it's a 4.15% rate of return. We started in 2000, which means there were three down years in the market. There S&P 500 would have been down by 18% total anyway. It's just for illustrative purposes, right? And of course like 2000, 2001, 2002 were three straight down years in the market. You only got two years of rebound. And you can see the tables in here and the S and p dropped for three straight years. Then it went up 26 and up 8.9. So that's, you know, not the best year for a five year deal because three of the years it went straight down. Great year to have a great time to have an annuity. But then you'd probably want to my again that time period. Right? And if you do a 10 year period and you go 2000 to 2010, then you'll get some really good recovery. The market didn't really recover that well, but the index annuity would have done well because you had captured upsides and not, not lost. Right.
[00:09:31] So really, really interesting stuff on. And I'm gonna go back to.
[00:09:41] And if you want to go straight to the calculators and put it in your own numbers, then you calculate, then you roll over the calculator tab, go to the MyGA calculator and you can put your own numbers in there. Okay.
[00:09:52] We also have the RMD calculator I talked about that way in the past where you can actually see if you want to take a market scenario and project what your required minimum distribution would be. You've got that. That doesn't exist anywhere else that I've seen either. So man, we've got a ton of stuff. We just want to make sure everybody knows to find it. And I like the fact that we've had people have found it because we, you know, we can track it, we can see who uses it, what questions they ask the.
[00:10:21] But we want to make sure as many people as possible know about it so that you guys can go use it and enjoy. Now what ties this all together? When I talk about income quotes like SPIA versus glwb, right?
[00:10:33] Look in the bottom right corner of the page, there's a little chat bubble, right? It's the AI version of me. It's been out here for a bit, but I'm not, I haven't told anybody about it. And it's funny that people are starting to figure it out, right?
[00:10:46] So it's the AI version of me that searches the site and answers your questions based on all the information that's available. So it's a little easier for you to find it. I've had other people find this and they've asked some really nice questions. It's going to be general in nature and an appointment is going to actually get you the full version of that. But I like to keep an eye on the questions to make sure that the chat AI Brian is doing is answering them correctly.
[00:11:14] So this is for good basic questions like if you're talking, if you're looking at income quotes, then let's Type in what is the difference between SPIA and glw. So we load it up, ask the question because then you're going to like if you're looking at both quotes and you want to see it, what is the chat bot going to say? Okay, and there you pop it up, there's your answer. The SPIA is a single premium immediate annuity. You hand over a lump sum, the insurance company starts sending you a paycheck usually within a month, up to a year actually the money is yours is income, not as a pile you can still walk away with. A GLWB is a guaranteed lifetime withdrawal benefit. The income rider bolted onto a deferred annuity.
[00:12:01] So it's a pretty good example and you can see there's a difference. You know, the spia, you don't have cash value. The glwb you do, right?
[00:12:09] So little things like that. But it's really, really cool. There's all these resources and you guys can use it to get out there and do some research and just answer questions easily without sales pressure. Was like we have the least amount of sales pressure to begin with and here it's even less. So everything's going to AI, everything's going to automated. We are going to stay on the cutting edge of that because this is a valuable resource and we've helped hundreds and hundreds of people. We want to make sure that you guys have the tools you need so that you can get your question questions answered and create an amazing retirement portfolio with the best products. Only the best products available, right?
[00:12:53] So this has been episode 238 cutting edge annuity resources available only on annuitystraighttalk.com can't find them in many other places. If you do, I don't think they're as good. They're not out there in a lot of spots, but it is here. So if you want to schedule a call with me, hit the top right corner of any page on annuitystraighttalk.com I look forward to talking to you. I appreciate you guys sticking with me through through all of this. This has been a growing year with a lot of changes and all I'm doing is putting everything I got into making sure that this stays at the forefront of retirement planning for anyone who wants the best solution. So thank you again for joining me and I look forward to seeing you guys next week for episode 239.
[00:13:35] You guys have a great day. My name is Brian. I'll talk to you soon. Okay, bye.
