Stan The Annuity Man Hates Annuities... Find out why.
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You have likely heard, "Annuities are not bought, they\\u2019re sold".
Stan \\u201cthe annuity man\\u201d Haithcock knows all about annuities, and knows why there is so much negativity around this financial product.
Variable, fixed, immediate, indexed: It can all be confusing to a person who doesn\\u2019t know what annuities are.
\\u201cIf you are looking for market returns, you should never ever ever buy any type of annuity. If you are looking for income or principle preservation, or maybe some long term care issues, then an annuity may fit.\\u201d
Stan asks everyone to answer these two questions:
1. What do you want the money to contractually do?
2. When do you want those contractual guarantees to start?
From this point, you can determine if you actually need an annuity - and what type.
For more information, visit the show notes at https://moneytreepodcast.com/243\\xa0
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