Using our SPIA Calculator – Laddering Strategies

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Key Moments in this Episode
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4:03 Life Only & Joint Life Only
4:56 2 Ways to Run the Quote
6:26 Life Expectancy Drives the Price
7:19 Laddering Income
10:06 Summary

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[TheJAXguy]

I did a rather large SPIA at age 72 with USAA. I love it. With the annuity, some pension payments and SS we have a large no worry income in retirement. Such a stress reliever..I might do another one, and then I'll call Stan.

[johngill]

Great job, I play with single premium immediate annuity calculators every year when I my retirement planning.
I'm almost positive at some point I'll annuitize my traditional IRA.

[andielliott]

This is a great idea and one I have it used over and over.

[dmoon]

7:10 no sweet spot for interest rates, but what about sweet spot for age / life expectancy?

[laurencek.]

Such a huge variance in annuity offers on that SPIA calculator. Plus the taxable income is a real turn off with the better insurance income.
I like the laddering idea, but I would opt to do a 1 to 4 year spread on your income streams.

[rightwingprofessor]

Love this Laddering idea. Have you considered one of these using MYGAS? I love the idea of getting the interest income annually, and getting your principal back as the MYGAs mature. I remember your video where you said MYGAs can be turned into SPIAs once they mature. Another great strategy! Great Stuff Stan.

[SammifromMiami]

If you fund a SPIA with Roth money, is the stream of annuity payments still tax free like a Roth, or does the SPIA convert those monies to taxable ordinary income?

[mishka]

At what point during your retirement planning phase should someone consider putting some money in an Annuity? 🙏🏼

[p.d.waltman]

if you are laddering SPIAs and age is the primary driver - is it the age when you buy the annuity or when it starts paying income? If you are 65 when you buy laddering for now, 6mo, 12mo - does the amount go up each later start date, or all based on your age at purchase date?

[dogloverjb]

Your videos and calculator are great!!! I've read so many books and no one has helped me understand annuities as you do. But, I was disappointed to find out how much I needed to get $3K with a SPIA @ month... over 1/2 mil! Bummer. I"d be better off buying a condo with that $ and renting it out for $3K a month to get that lifetime income.