The Cost of Waiting to Purchase an Annuity: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• Don’t time the market when buying annuities

• The cost of waiting for the perfect moment

Key Takeaways:

• Don’t time the market when buying annuities. Instead of trying to find the perfect moment, determine whether you actually need an annuity by asking yourself what you want the money to do and when you want the guarantees to start.

• Delaying payments may result in higher guaranteed income, however, you have to look at the big picture by factoring all the payments you will miss while waiting for that ideal amount.

"I know after decades in this business, you cannot time it. There is no sweet spot. There is no arbitrage moment, and there is a cost of waiting when you're trying to be that person. So do not be that person." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

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YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

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