{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Best Income Riders Are Not Annuitized: Shootin\u2019 It Straight With Stan","description":"Learn why locking yourself into irreversible annuity payments isn\u2019t the only way to secure lifetime income. In this episode, you\u2019ll hear how non-annuitized income riders can give you contractual guarantees and the flexibility to turn income on and off when life or tax laws change.    In this episode, The Annuity Man discussed:  Annuitization explained and \u201cwater faucet\u201d analogy Single premium immediate annuities, DIAs, and QLACs Income riders as flexible, non-annuitized lifetime income Turning income on\/off and adjusting start dates Importance of A+ rated carriers and avoiding low-rated \u201chigh quote\u201d products   Key Takeaways:  Annuitization creates an irrevocable income stream\u2014once it\u2019s turned on, the payments keep flowing for life or the contract period, like ripping the knob off a water faucet. Income riders provide a contractual path to lifetime income while allowing you to maintain control over the asset and the timing of your payments. The best income riders are \u201cdrawdown\u201d products, where each lifetime payment is simply subtracted from the policy rather than locking you into a traditional annuitization. Lifetime income levels are driven primarily by life expectancy at the time you start payments; interest rates play only a minor role. It\u2019s critical to use strong, A+ or better carriers for income riders because they are not backed by state guarantee funds, even if a lower-rated company offers a higher quote.   "We use the indexed annuity as a delivery system for the income rider, but the best income riders are not annuitization products." \u2014  Stan The Annuity Man   Connect with The Annuity Man:  Website: http:\/\/theannuityman.com\/  Email: Stan@TheAnnuityMan.com  Book: Owner\u2019s Manuals: https:\/\/www.stantheannuityman.com\/how-do-annuities-work YouTube: https:\/\/www.youtube.com\/channel\/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https:\/\/www.stantheannuityman.com\/annuity-calculator!  ","author_name":"\u201cFun With Annuities\u201d The Annuity Man Podcast","author_url":"https:\/\/www.TheAnnuityMan.com","html":"