Terry Savage: The Savage Truth For Your Money in 2024

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Terry Savage discuss:

• 401k and annuities

• What does it mean to be a fiduciary?

• Annuities are commodity products

• Always have some chicken money

Key Takeaways:

• When you are in the accumulation phase, there should be no limitations at all on the upside. You’re better off focusing on accumulation during the 401k time period and then at the end pivoting to an immediate annuity for a lifetime income stream.

• Being a fiduciary means more than just having a plaque on the wall. Anyone in the financial business should be putting their client's best interests ahead of themselves every single time.

• People need to realize annuities are commodity products. Not one company is better than the other. Not one product is better than the other. These quotes change like a gallon of milk every seven to 10 days so you have to quote for the highest contractual guarantee.

• Everybody should have some chicken money. The top four chickens are treasuries, CDs, money market, and MYGAs which are the annuity industry’s version of a CD. These are all for principal protection, no annual fee, guaranteed interest rates for your chicken money.

"There is one annuity that you might have that will keep up with inflation and it’s called Social Security." — Terry Savage

Connect with Terry Savage:

Website: https://www.terrysavage.com/

YouTube: https://www.youtube.com/user/TerryTalksMoney

LinkedIn: https://www.linkedin.com/in/thesavagetruth/

Twitter: https://twitter.com/Terrytalksmoney

Facebook: https://www.facebook.com/The-Savage-Truth-190870517609983/

New Book Link: https://www.amazon.com/gp/product/1119645441/ref=pe_2313400_441222210_em_1p_0_lm

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [e-mail]

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

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

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