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 

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