Troy, I really appreciate that you are willing to engage outside expertise to increase the knowledge of clients, existing and prospective, about products. There are so many comments complaining that you make money from these products. Duh! Y Oak Harvest isn't a non-profit and I don't want a non-profit as my investment advice provider. I don't know if these are right for my portfolio or in what scale, but I am glad to know more about them.
It depends. If you 'annuitize' your payments (ie. give control of your investment to the insurance company in exchange for guaranteed, lifetime income) index performance can have an effect on lifetime payments. If you begin lifetime income via a 'systematic withdrawal', it is highly unlikely (not impossible) for index performance to outpace the rollup percentages associated with an annuity's income account. These concepts can appear complex without additional context. Please call our office to discuss if an annuity is a suitable income tool to secure your retirement's success. Thanks for watching!
All of the things brought up, or a moot point now because of buffered ETFs Especially now that there are buffer ETFs with 100% buffer with an upside around 9% per year, which is a whole heck of a lot more than any fixed index annuity Asked to the income part of the fixed index annuity third be no need to get it fixed index annuity because if you really did one to buy a monthly income annuity, you would just do it with your buffered ETF These are the greatest thing and should replace the fix index annuity from now until in the future
Hi Missouri, thanks for commenting. The point Laurence and Branislav make is that hybrid indices within FIAs can provide a more diversified and consistent approach to earning interest than simply tracking the S&P 500. They point out that hybrid indices can post a positive index credit in environments where the market is flat or negative, hence the ability to hit more “singles and doubles”. If you do want to track the S&P 500 with a growth FIA, annual caps are much higher than 9% today and those gains lock in every 12 months, unlike the typical buffered ETF. The buffered ETF, while appropriate for some situations, isn’t an apples to apples comparison to the FIA. I’ll do a video on these to elaborate further, but they in no way are a threat to the FIA marketplace because they only provide one feature that the FIA provides, growth potential without downside risk for a specified number of years. You are missing liquidity, diversification choices, options for lifetime income, asset protection from creditors, death benefits, potential LTC benefits, and backing of the life insurance company to name a few. While no product or strategy is right for everyone, the buffered ETF is really a knock-off of the FIA without additional features provided by the insurance company.
Troy, I really appreciate that you are willing to engage outside expertise to increase the knowledge of clients, existing and prospective, about products. There are so many comments complaining that you make money from these products. Duh! Y Oak Harvest isn't a non-profit and I don't want a non-profit as my investment advice provider. I don't know if these are right for my portfolio or in what scale, but I am glad to know more about them.
The index performance has no impact on the Lifetime Payment Amount. No?
It depends. If you 'annuitize' your payments (ie. give control of your investment to the insurance company in exchange for guaranteed, lifetime income) index performance can have an effect on lifetime payments. If you begin lifetime income via a 'systematic withdrawal', it is highly unlikely (not impossible) for index performance to outpace the rollup percentages associated with an annuity's income account. These concepts can appear complex without additional context. Please call our office to discuss if an annuity is a suitable income tool to secure your retirement's success. Thanks for watching!
All of the things brought up, or a moot point now because of buffered ETFs
Especially now that there are buffer ETFs with 100% buffer with an upside around 9% per year, which is a whole heck of a lot more than any fixed index annuity
Asked to the income part of the fixed index annuity third be no need to get it fixed index annuity because if you really did one to buy a monthly income annuity, you would just do it with your buffered ETF
These are the greatest thing and should replace the fix index annuity from now until in the future
Hi Missouri, thanks for commenting. The point Laurence and Branislav make is that hybrid indices within FIAs can provide a more diversified and consistent approach to earning interest than simply tracking the S&P 500. They point out that hybrid indices can post a positive index credit in environments where the market is flat or negative, hence the ability to hit more “singles and doubles”. If you do want to track the S&P 500 with a growth FIA, annual caps are much higher than 9% today and those gains lock in every 12 months, unlike the typical buffered ETF. The buffered ETF, while appropriate for some situations, isn’t an apples to apples comparison to the FIA. I’ll do a video on these to elaborate further, but they in no way are a threat to the FIA marketplace because they only provide one feature that the FIA provides, growth potential without downside risk for a specified number of years. You are missing liquidity, diversification choices, options for lifetime income, asset protection from creditors, death benefits, potential LTC benefits, and backing of the life insurance company to name a few. While no product or strategy is right for everyone, the buffered ETF is really a knock-off of the FIA without additional features provided by the insurance company.
Think you need to wake up Mr Black
Hi there! We're not really sure what you mean but thanks for watching!
Complex spin
Thanks for watching Angela!