Can Your Annuity Income Increase With Inflation?: Shootin' It Straight With Stan

"Fun With Annuities" The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• Annuities that increase with inflation

• The role of interest rates in pricing

• For products that adjust for inflation

• Reverse-engineering your income floor

Key Takeaways:

• Annuities don't give things away for free. A product that magically increases with inflation doesn't exist.

• Lifetime income is primarily priced based on your life expectancy at the time you take the payment. Interest rates play a minor role.

• For products that have a potential or contractual increase for inflation, the annuity company will severely lower the initial income as compared to the exact annuity without the increase.

• Don't focus on things that you can't control. Focus on building up an income floor that suits your needs. Compute the number you'll need to cover your expenses; we can reverse-engineer a product for that.

"It's math to the annuity companies. It should be math to you. If it sounds too good to be true, it is every single time. " — Stan The Annuity Man.

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