In this episode, The Annuity Man discussed:
Annuities are contracts
The perfect time to buy an annuity
You can’t time contracts
Key Takeaways:
There is no "sweet spot" to purchase annuities, as all types have contractual guarantees that should be analyzed. Remember that annuities are contracts, not investments.
The perfect time to buy an annuity is when the contractual guarantees make sense to you and when they fit that gap for principal protection, income for life, legacy, and long-term care.
Nobody knows where interest rates are going to go and that is especially true with annuities since the pricing mechanism is primarily based on life expectancy.. Annuities are contracts, you can’t time contracts. You buy contracts for the guarantees.
"Nobody knows when the bell is gonna ring at the top or the bottom. Nobody can time it, especially with annuities." — Stan The Annuity Man.
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