35% Annuity Bonus
When soon-to-be retirees are faced with money problems such as market volatility, it can be tough to find solutions that provide peace of mind and reliable income for the upcoming years. Luckily, traditional retirement account alternatives can now offer lifetime income regardless of the economy’s financial state. Many people sell annuities as if it’s a “one-size fits all,” but what they don’t know is that there are many options out there. It would help if you were smart enough to find them. Today, we are coming in episode 35 as Bryan will talk about what a 35% bonus annuity entails. So come on, jump right in and give this podcast a listen!
What You’ll Learn From This Episode:
[2:50] Insurance companies didn’t become stable by giving away money.
[4:03] Many people sell annuities but they are too lazy to find something else, so they don’t know what’s in store for them.
[6:16] There’s a gap between what the sales agent says and what the company agent states.
[9:46] If you activate lifetime income, the amount will be calculated using a payout factor that depends on your age.
[10:25] What is the guaranteed minimum payout?
[11:05] It is a bonus that boosts your income, but you have to wait to get it.
[11:15] If you pull money out before the waiting period is over, if you take a free withdrawal, then you can take a free withdrawal.
[13:05] Bonus is available as a death benefit if paid over five years.
[15:29] Get the highest growth rate you can and the highest potential on your money if you want to protect it.
[4:39] “Many people sell annuities as if it is one size fits all.”
[5:28] “There’s nothing out there that is free money. There’s a fine print that everything goes along with bonuses, and you have to focus on that to wrap your mind around what the contract does.”