Keep Your Powder Dry Annuity Income Planning: Shootin' It Straight With Stan

Stan, putting in your will that an annuity would be purchased for the lifetime of say, a younger brother, sounds like a great idea. I didn't want to do a trust, but I like the idea of buying a trust for him. Your videos are excellent. I like the one about cognitive decline as a reason to get an additional stream of income in your later years. You are so right, my wife would have not interest in trying to figure out the investments, but with an annuity providing cash flow, that takes some of the pressure off her. Thanks for the excellent job you do explaining this stuff!

First Comment :) I just wanted to be first :) You are the best Stan, Wife and I love watching your content.

SECOND MOST EXPENSIVE INVESTMENT.

While it's true that you can't withdraw your income value (the value that lifetime income would be based upon), there are annuities that will deliver your remaining income value (which might be all of it if you have not yet started taking income) to your heirs if you die. Most annuities will only deliver your accumulation value to heirs, or even nothing at all, so shop around!

Hi Stan. I always get good information from your videos.

I have a Fixed Index Annuity with AEI with an Income Rider. I am turning 73 this year and I am activating the Rider for RMD purposes. My anniversary contract date is May 7th. I was under the impression that I could wait until closer to the end of the year and receive a slightly higher payment (taking in a lump sum) via the fact that the Rider per diem would apply to the initiation/activation date. However, according to my Advisor, the amount would be the figure stated in my Annual Statement (as of May 7th).... regardless if I waited until the end of the year.

My question: Is my Advisor's statement correct? (As of the Contract date and not based on a per diem....as I was assuming).

Any clarification on this would be appreciated.

Is it more advantageous to get an income annuity now say at 52 and plan on annuitize in 10 years vs getting it in 10 years?