Annuity Strategies For Cognitive Decline: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• Everyone goes through cognitive decline
• Considering cognitive strategies
• Transferring risk through annuities
• Why you should plan for cognitive decline

Key Takeaways:

• It doesn’t matter how sharp or healthy you are right now, everyone will go through cognitive decline eventually.
• Start considering cognitive strategies from a turnkey standpoint, whether it's for you, or whether it's for your spouse, or both, especially if you are already in the “slow-go” phase of retirement.
• Annuities are transfer of risk products. They sell for four things, principal protection, income for life, legacy, and long-term care. If you don't need to solve for those contractually, you don't need an annuity.
• We all know somebody who either had a stroke, an accident, or a fall, and suddenly they can’t make those kinds of decisions anymore. It’s a horrible thing to happen to somebody, don’t let it be your horror story. Plan for cognitive decline.

"Protecting the principle is a cognitive strategy. Lifetime Income is the ultimate cognitive strategy. Obviously, long-term care [is a] cognitive strategy." — Stan The Annuity Man

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