great video. i had considered a "dia" because it would provide lifetime income with a lump sum payment. i now understand that money would be annuitized. i had been given an example that taking payments starting at 65 and that by 75 years old i would have received back what i had put in and that any years past 75years old would be on the positive side and you could think of that as your money had grown? (the longer you live the more you would get payments and there is a cash refund in case you didn't receive what you had put in) thanks
Thanks for your compliment. You might want to consider the Hybrid Pension vs DIA to see how the payouts differ. If it’s not much then at least you can control the cash and cash out of something happens. Feel free to call our office and we can assist you in comparing. Refer to this comment when you call in. Kai & Ann Chung 408-502-7080.
Sure. Take a look at this video, however, I do recommend you start with our step one playlist to lay the foundation better. "Is THIS REALLY the BEST Annuity?" | PROs & CONs | 5 Income Riders th-cam.com/video/n7FkzgQtP8g/w-d-xo.html
This will be the foundation nicely for you. Have to watch this playlist, you can go to our channel and under a playlist, look for Steps 2, 3,4. We hope this helps you! Step 1: 5 Annuity Types Explained (Terminologies & Conceptual Purposes) th-cam.com/play/PLhy55v5WCqkDeauJQO53zTt3UXf_Fb6qt.html Kai & Ann Chung 408-502-7080
Can you clarify ... 1) when you say an annuity, for example a 'hybrid pension' has a 1% fee ... a) 1% of what amount? , b) that fee is paid upon each payout? or yearly? or one-time upon annuity purchase? and 2) If the annuity is purchased with IRA monies (within an IRA) does the payout have to 'leave; the IRA and then be taxed as income, or can it remain within the IRA and I assume be tax deferred until withdrawn? Thx!
If he is based on living benefit or income rider value. The fee is paid yearly until there is no more principal. If it is an IRA hybrid, pension, and the money is all tax as ordinary income. If it is a non-IRA, then only the earnings are taxed. Feel free to call us to see if you qualify and make an appointment! Kai & Ann Chung 408-502-7080
also, can you clarify (I want to be sure I'm following along correctly, I need to pick an annuity type) ... at around 14:39 min into the video, when the chart is shown, within the 'fees or spreads' column at the 'hybrid pension' row', shouldn't the FIA and VA fees be flip flopped so the 'variable annuity' is read horizontally across the row to align with the 'fixed indexed' label within the 'principle protection' and 'guaranteed growth' columns? thx!
Yes, thank you for catching that! We have a new revised chart that we can send to you if you give us a call. It’s too late for us to make that change, but thankfully, we did write the word FIA and V.A next to the fees. Kai & Ann Chung 408-502-7080
You can watch this video and we discuss it during the FIA topic. th-cam.com/video/8ke5GA7Py20/w-d-xo.htmlsi=5FhqqwG-1aAKYDLM We also discussed it again in this video in our reaction to Dave Ramsey. th-cam.com/video/Kl5j_t0ssi4/w-d-xo.htmlsi=QoeRk-HVlFuDwPl1 In the meantime, you can go into our channel and follow our Steps 1-4 playlist. You can also give us a call. Kai & Ann Chung 408-502-7080
My question is this. I want guaranteed life income. I currently am saving for retirement in a Roth IRA and a Roth 401k with my employer. If I buy an annuity with my Roth 401k, am I going to have to pay taxes on my disbursements?
No, but you can just do two separate applications. This will also helps you with our Ladder OUT strategy along with our Staging Strategy. Give us a call! Kai & Ann Chung 408-502-7080
I stated in our other videos, my guys are a great way to grow your money and protect it. That’s what it’s designed for. But it is not designed for income planning. Neither are CDs. it could be a great way of small supplemental income, but not salary replacement. As I mentioned in our other videos, you would never take a job based on CD rates or MYGA rates. You would never accept an employment based on the performance of something you cannot control. Hybrid pensions and traditional SPIAs/DIAs are the only ones that will guarantee in writing a lifetime payout like a salary. Depending on your age, your lifetime payout typically averages around 7% to 15% of your original deposit for the rest of your life. Now keep in mind I said payout not interest. Just like you get a job offer and they give you a salary, that’s a payout. That’s why you accept that since it is not income based on some type of interest rate. Your Social Security is also considered a guaranteed lifetime “payout.” No MYGA I provide a guaranteed interest for life near that payout. I hope these explanations and our videos helping you to see that the word annuity means nothing. Also saying will never buy a particular annuity. It’s almost like saying “I would never buy a tablet because it is way too slow compared to a laptop. Or, l would never buy a laptop because it’s nowhere near as powerful as a desktop computer!” We really appreciate watching our videos and your comments. If you would like to meet with me personally, then give our office a call and we can discuss some of your concerns or questions. Kai Chung 408-502-7080
@@kciis Well, annuity sales people tend to see things a different way because the commissions obscure their vision ;-) Low commission MYGA's are a great way to provide a stable fixed income for a fixed duration of 5 to 7 to 10 years horizons or longer using a ladder approach.... Using the excess cash from your fixed income stream you can THEN dollar cost average into a good mutal fund or ETF, and eliminate all the complex annuity crap and annuity commissions..
can you please make a video on hybrid pension with actual values? Lets say I rolled over my company pension of 500k how much will i get monthly with hybrid pension? at 62 years old
We could try, but it’s hard for compliance since it’s all based on age when you get in and when when you want to start it. And everybody’s a different age. And one of our other videos we mentioned between 6% to 14%, which gives us a pretty good average. However, the percentages can also swing much higher or lower depending on age. It’s best to give our office a call. Even then, there are 5 different types of income riders also drastically change how cash grows or how your income grows (or not grow). If you give us a call, we will have you get caught up on the concept and the 5 types of income riders and then once you know, which is best for you then we can give you a customized quote.
can you please calculate on hybrid pension with actual values? Lets say I put in 500k today how much will i get monthly with hybrid pension? at 67 years old and I am current 55 years old. And when I am die at 80 years then how much is left in my account for my beneficial. Thanks help to clear my mine on Penson Hybrid
Thanks for watching and thanks for asking. It’s really not that simple. Just like Social Security timing, some should take it early and some should taken it later but it really depends on other income and other assets. You may or may not want to start at 67 years old. You would want to try to maximize your hybrid pension and also maximize your death benefit. But there’s a couple key strategies involved in doing so. Also, there are five different types of lifetime income riders. Also, the rates can change based down when you’re ready to fund the policy. However, I can tell you that with the guaranteed lifetime riders you should be able to get 15% of 17% of your originals deposit as a minimum. Like I said, there are multiple factors that are involved and I encourage you to watch our entire two playlists to have a better understanding. We want our clients to make sure they know what they’re getting into. It’s like asking a realtor how much of a home can you get for $500,000. As you know, there are many factors that are involved. Please give our office a call and we can walk you through this educational process. Kai & Ann Chung 408-502-7080
Hi there, you're an adorable couple! thanks for all these information. I have a question, I am interested in buying a MYGA but which company should i buy it from? is it safe to buy just by their rating (A rating)? what is the best way to sort it out? thanks.
Thank you for your kind words! There are a few things that go into what we might recommend or if we would recommend MYGA's at all. Please reach out to our office, and we'd love to speak with you! Kai & Ann Chung 408-502-7080 www.RetiringOptions.com
It depends on the type of index in annuity and also what it is designed for. Just like asking what is the realistic gas mileage of a car. Different cars will have different gas mileage, depending on the purpose of the car. Once we know your purpose, we can easily give you a quote for the past years. Also, will tell you which companies play games with which ones do not. Some even show you their track record. Feel free to give us a call. Kai & Ann Chung 408-502-7080
@@kciis Can you provide one then that would be equivalent to a Toyota Camry? Meaning a good solid one that is reliable and provide the historical return for the last 20 years
We responded with this in the other comments, but if you do, give us a call, I can even show you the ones that I purchased and have made almost 30% from point to point. And this was an older model I bought in 2014. Again, just because you saw some bad ones does not mean that they’re all bad. You just need to get a good advisor to assist you in finding the best annuity. Agents or advisors are gonna be biased on what they want to sell you and them do not even know the differences between all the carriers. We hope you give us a call. You can reference these comments when you call my office. Kai & Ann Chung 408-502-7080
@@kciis Horse hockey. There is a reason none of the annuity sales pepole are posting the real world historical returns of FIA. They are a total rip off. One big shell game.
Notice how it is so hard to find the detail on FIA's without going through a salesperson? They do that to reel you in. They don't state the particapation rates or cap rates, or any of the other many variables, or even the historic returns clearly because it a sales pitch scam, just like when you are buying a used car in the finance office of the dealer.
We do not appreciate false accusations. Especially, the part about deleting comments. This video is simply to discuss the differences between all the different annuities. Our other discuss a lot regarding participation rates and caps. Either your sales person yourself trying to sell something or you enjoy tearingpeople down. We hope the best for you.
@@kciis Ok then just post the historical returns for your FIA's. The ones that don't switch up the cap and participation rates every year. Find a better way to make a living.
We do not appreciate false accusations. Especially, the part about deleting comments. This video is simply to discuss the differences between all the different annuities. Our other discuss a lot regarding participation rates and caps. Either your sales person yourself trying to sell something or you enjoy tearingpeople down. We hope the best for you.
@@kciis I am not a sales person, just a person sick of watching sales people like you play a shell game with other people's hard earned money. FIA's suck and you know it.
Did this video help you understand annuities and which is right for you?
What annuity videos would you like us to make?
Great video. Thanks 👌🏾👍🏾🤩
great video. i had considered a "dia" because it would provide lifetime income with a lump sum payment. i now understand that money would be annuitized. i had been given an example that taking payments starting at 65 and that by 75 years old i would have received back what i had put in and that any years past 75years old would be on the positive side and you could think of that as your money had grown? (the longer you live the more you would get payments and there is a cash refund in case you didn't receive what you had put in) thanks
Thanks for your compliment. You might want to consider the Hybrid Pension vs DIA to see how the payouts differ. If it’s not much then at least you can control the cash and cash out of something happens.
Feel free to call our office and we can assist you in comparing. Refer to this comment when you call in.
Kai & Ann Chung
408-502-7080.
I will be calling you.
Awesome! Look forward to it.
Kai & Ann Chung
408-502-7080
Could you explain what a Rider is and how they are used?
Sure. Take a look at this video, however, I do recommend you start with our step one playlist to lay the foundation better.
"Is THIS REALLY the BEST Annuity?" | PROs & CONs | 5 Income Riders
th-cam.com/video/n7FkzgQtP8g/w-d-xo.html
This will be the foundation nicely for you.
Have to watch this playlist, you can go to our channel and under a playlist, look for Steps 2, 3,4.
We hope this helps you!
Step 1: 5 Annuity Types Explained (Terminologies & Conceptual Purposes)
th-cam.com/play/PLhy55v5WCqkDeauJQO53zTt3UXf_Fb6qt.html
Kai & Ann Chung
408-502-7080
Can you clarify ... 1) when you say an annuity, for example a 'hybrid pension' has a 1% fee ... a) 1% of what amount? , b) that fee is paid upon each payout? or yearly? or one-time upon annuity purchase? and 2) If the annuity is purchased with IRA monies (within an IRA) does the payout have to 'leave; the IRA and then be taxed as income, or can it remain within the IRA and I assume be tax deferred until withdrawn? Thx!
If he is based on living benefit or income rider value.
The fee is paid yearly until there is no more principal.
If it is an IRA hybrid, pension, and the money is all tax as ordinary income. If it is a non-IRA, then only the earnings are taxed.
Feel free to call us to see if you qualify and make an appointment!
Kai & Ann Chung
408-502-7080
also, can you clarify (I want to be sure I'm following along correctly, I need to pick an annuity type) ... at around 14:39 min into the video, when the chart is shown, within the 'fees or spreads' column at the 'hybrid pension' row', shouldn't the FIA and VA fees be flip flopped so the 'variable annuity' is read horizontally across the row to align with the 'fixed indexed' label within the 'principle protection' and 'guaranteed growth' columns? thx!
Yes, thank you for catching that! We have a new revised chart that we can send to you if you give us a call. It’s too late for us to make that change, but thankfully, we did write the word FIA and V.A next to the fees.
Kai & Ann Chung
408-502-7080
which one of your videos explains the multi-year point to point index in FIAs?
You can watch this video and we discuss it during the FIA topic.
th-cam.com/video/8ke5GA7Py20/w-d-xo.htmlsi=5FhqqwG-1aAKYDLM
We also discussed it again in this video in our reaction to Dave Ramsey.
th-cam.com/video/Kl5j_t0ssi4/w-d-xo.htmlsi=QoeRk-HVlFuDwPl1
In the meantime, you can go into our channel and follow our Steps 1-4 playlist.
You can also give us a call.
Kai & Ann Chung
408-502-7080
Can we set up a meeting to discuss this?
Yes, we’d be happy to help ! Please reach out to our office 408-502-7080 or email kai@retiringoptions.com
My question is this. I want guaranteed life income. I currently am saving for retirement in a Roth IRA and a Roth 401k with my employer. If I buy an annuity with my Roth 401k, am I going to have to pay taxes on my disbursements?
No taxes! You can do a Roth IRA rollover to a Hybrid Pension Annuity!
Please call our office to learn more.
Kai & Ann Chung
408-502-7080
Can you use a combination of sources of dollars for a single premium? Ie both pre-tax and after tax dollars for one annuity.
No, but you can just do two separate applications. This will also helps you with our Ladder OUT strategy along with our Staging Strategy.
Give us a call!
Kai & Ann Chung
408-502-7080
MYGA's are the only annuity I would touch as part of a fixed income portfolio. Tax deferred, 10% penalty free withdraws, stable, semi-insured.
I stated in our other videos, my guys are a great way to grow your money and protect it. That’s what it’s designed for. But it is not designed for income planning. Neither are CDs. it could be a great way of small supplemental income, but not salary replacement.
As I mentioned in our other videos, you would never take a job based on CD rates or MYGA rates. You would never accept an employment based on the performance of something you cannot control.
Hybrid pensions and traditional SPIAs/DIAs are the only ones that will guarantee in writing a lifetime payout like a salary.
Depending on your age, your lifetime payout typically averages around 7% to 15% of your original deposit for the rest of your life. Now keep in mind I said payout not interest. Just like you get a job offer and they give you a salary, that’s a payout. That’s why you accept that since it is not income based on some type of interest rate. Your Social Security is also considered a guaranteed lifetime “payout.”
No MYGA I provide a guaranteed interest for life near that payout.
I hope these explanations and our videos helping you to see that the word annuity means nothing. Also saying will never buy a particular annuity. It’s almost like saying “I would never buy a tablet because it is way too slow compared to a laptop. Or, l would never buy a laptop because it’s nowhere near as powerful as a desktop computer!”
We really appreciate watching our videos and your comments.
If you would like to meet with me personally, then give our office a call and we can discuss some of your concerns or questions.
Kai Chung
408-502-7080
@@kciis Well, annuity sales people tend to see things a different way because the commissions obscure their vision ;-)
Low commission MYGA's are a great way to provide a stable fixed income for a fixed duration of 5 to 7 to 10 years horizons or longer using a ladder approach.... Using the excess cash from your fixed income stream you can THEN dollar cost average into a good mutal fund or ETF, and eliminate all the complex annuity crap and annuity commissions..
@@kciis You are a salesman for annuities.
can you please make a video on hybrid pension with actual values? Lets say I rolled over my company pension of 500k how much will i get monthly with hybrid pension? at 62 years old
We could try, but it’s hard for compliance since it’s all based on age when you get in and when when you want to start it. And everybody’s a different age.
And one of our other videos we mentioned between 6% to 14%, which gives us a pretty good average. However, the percentages can also swing much higher or lower depending on age.
It’s best to give our office a call. Even then, there are 5 different types of income riders also drastically change how cash grows or how your income grows (or not grow).
If you give us a call, we will have you get caught up on the concept and the 5 types of income riders and then once you know, which is best for you then we can give you a customized quote.
can you please calculate on hybrid pension with actual values? Lets say I put in 500k today how much will i get monthly with hybrid pension? at 67 years old and I am current 55 years old. And when I am die at 80 years then how much is left in my account for my beneficial. Thanks help to clear my mine on Penson Hybrid
Thanks for watching and thanks for asking. It’s really not that simple. Just like Social Security timing, some should take it early and some should taken it later but it really depends on other income and other assets.
You may or may not want to start at 67 years old. You would want to try to maximize your hybrid pension and also maximize your death benefit. But there’s a couple key strategies involved in doing so.
Also, there are five different types of lifetime income riders.
Also, the rates can change based down when you’re ready to fund the policy. However, I can tell you that with the guaranteed lifetime riders you should be able to get 15% of 17% of your originals deposit as a minimum.
Like I said, there are multiple factors that are involved and I encourage you to watch our entire two playlists to have a better understanding.
We want our clients to make sure they know what they’re getting into. It’s like asking a realtor how much of a home can you get for $500,000. As you know, there are many factors that are involved.
Please give our office a call and we can walk you through this educational process.
Kai & Ann Chung
408-502-7080
Hi there, you're an adorable couple! thanks for all these information. I have a question, I am interested in buying a MYGA but which company should i buy it from? is it safe to buy just by their rating (A rating)? what is the best way to sort it out? thanks.
Thank you for your kind words!
There are a few things that go into what we might recommend or if we would recommend MYGA's at all.
Please reach out to our office, and we'd love to speak with you!
Kai & Ann Chung
408-502-7080
www.RetiringOptions.com
If you roll Roth IRA money into a FIA with a lifetime benefit will all of the withdrawals still be tax free?
Yes! we do a lot of Roth FIAs!
We hope you give our office a call!
Kai & Ann Chung
408-502-7080
I just realized that my answer may not be clear. Yes it will be tax free growth and income.
We hope you give our office a call.
Get a sharp edge on a Spork!
Haha! I’ve used that example before
How about posting real world fixed index annuity historical return for the last 20 years.
It depends on the type of index in annuity and also what it is designed for. Just like asking what is the realistic gas mileage of a car. Different cars will have different gas mileage, depending on the purpose of the car.
Once we know your purpose, we can easily give you a quote for the past years.
Also, will tell you which companies play games with which ones do not. Some even show you their track record.
Feel free to give us a call.
Kai & Ann Chung
408-502-7080
@@kciis Can you provide one then that would be equivalent to a Toyota Camry? Meaning a good solid one that is reliable and provide the historical return for the last 20 years
I wish you would go over the real world historical rates of return for fixed indexed annuities. Pssst, they suck.
We responded with this in the other comments, but if you do, give us a call, I can even show you the ones that I purchased and have made almost 30% from point to point. And this was an older model I bought in 2014.
Again, just because you saw some bad ones does not mean that they’re all bad. You just need to get a good advisor to assist you in finding the best annuity. Agents or advisors are gonna be biased on what they want to sell you and them do not even know the differences between all the carriers.
We hope you give us a call.
You can reference these comments when you call my office.
Kai & Ann Chung
408-502-7080
@@kciis Horse hockey. There is a reason none of the annuity sales pepole are posting the real world historical returns of FIA. They are a total rip off. One big shell game.
@@kciis And why won't you post the real world historic returns?
What the Faq is a Hybrid Pension? I don't see anyone else even offer these? Sounds too good to be true?
😂 Watch the entire video and it describes it.
I am very interested in these? As Single, i have no need for Legacy. Want max Income? Wud this be better than SPIA? I have Pension and SS
Notice how it is so hard to find the detail on FIA's without going through a salesperson? They do that to reel you in. They don't state the particapation rates or cap rates, or any of the other many variables, or even the historic returns clearly because it a sales pitch scam, just like when you are buying a used car in the finance office of the dealer.
We do not appreciate false accusations. Especially, the part about deleting comments.
This video is simply to discuss the differences between all the different annuities. Our other discuss a lot regarding participation rates and caps.
Either your sales person yourself trying to sell something or you enjoy tearingpeople down.
We hope the best for you.
@@kciis Ok then just post the historical returns for your FIA's. The ones that don't switch up the cap and participation rates every year. Find a better way to make a living.
Be aware these people are simply selling annuties. And deleting comments that have to do with facts about annuities.
We do not appreciate false accusations. Especially, the part about deleting comments.
This video is simply to discuss the differences between all the different annuities. Our other discuss a lot regarding participation rates and caps.
Either your sales person yourself trying to sell something or you enjoy tearingpeople down.
We hope the best for you.
@@kciis I am not a sales person, just a person sick of watching sales people like you play a shell game with other people's hard earned money. FIA's suck and you know it.