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Babe Ruth, The Great Depression & Annuities

11/23/2019

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Babe Ruth is arguably the greatest major league baseball player of all time.  Babe was such a draw for the New York Yankees that the Yankees made Babe the highest paid player in baseball in 1922, at a salary of $52,000 per year. 

The Babe spent the early part of the roaring 20’s blowing through his prodigious salary.  Babe was well on his way to going down in history as one of the many athletes who lived lavishly but spent their retirement in bankruptcy.  The history of sports is littered with former greats losing it all such as Johnny Unitas, Scottie Pippen, Dorthy Hamill, Evander Holyfield, and most famously Mike Tyson, who squandered away earnings in excess of $300,000,000. 

At the urging of his business manager, Babe met with future Hall of Famer, Harry Heilman, of the Detroit Tigers in October of 1923.  Harry Heilman worked in the off-season as an insurance agent for The Equitable.  Babe purchased a deferred annuity from Harry with his World Series winnings and a portion of his annual salary.  Babe continued to make additional annuity purchases through 1930.

When Babe began making his annuity purchases, he had no idea the roaring 20’s would come to a crashing halt with The Great Depression beginning in 1929, and he had no idea that his playing days were numbered.  Babe was forced to retire from baseball during the 1935 season as he was no longer able to physically withstand the toll the game took on his body. 

Once the highest paid player in baseball, Babe was now unemployed during the heart of The Great Depression. 

But, due to the planning Babe and Harry Heilman had done previously, Babe was able to begin receiving payments starting in 1934 of over  $17,500 a year in annuity payments.  $17,500 a year in 1934 is the inflation adjusted equivalent of $290,578.22 in today’s dollars. 

While other athletes and celebrities of the time found themselves in bread lines and destitute, The Babe lived comfortably in retirement, never having to worry about running out of money. 

The Babe was so impressed with the power of annuities in creating financial security that he directed his estate to purchase a lifetime payment annuity for his wife at his death so she would always be taken care of.

While the Babe can’t teach any of us to hit home runs in the manner he did, he left behind a lesson that all can benefit from.  With wise planning and using the safety of annuities, one can retire with security no matter what happens in stock markets.

*** from AnnuityReserve.com, April 27, 2012***

http://annuityreserve.com/blog/?p=70
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Easy As 1-2-3-4-5

11/21/2019

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Check out the screenshot below - it's the Data Entry screen for a proprietary website that lets you and me see, on one screen, the guaranteed lifetime income the top 10 annuity carriers will pay you (and, if you're married, your spouse) for the rest of your life.
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If you've ever thought about the idea of receiving a guaranteed monthly "paycheck for life," and you've wondered how much you'd get, you can know the answer with 100% certainty...  but, there is one question you have to answer:

Do you have 30 seconds to spare?

That's how much time it takes to enter the following information into the fields shown on the screenshot:
  1. Premium - the amount to be deposited (you still own & control the money)​
  2. Qualification - is the money "Qualified" (IRA, 401(k), TSP, etc) or "Non-Qualified?"
  3. Payout - "Single" or "Joint," i.e. guaranteed lifetime income for just you, or for you and your spouse
  4. Age - Your current age and, if choosing "Joint" payout, the current age of your spouse
  5. Click on "Generate"
When we click "Generate," the next screen shows you the guaranteed lifetime incomes from the top 10 annuity carriers:
  • across the top of the report, you'll see the names of the top 10 annuity carriers that are competing for your business
  • as we move down the page, we'll see what each carrier will pay you, depending on when you think you'll start receiving your lifetime income - the longer you wait to begin your lifetime income, the higher the guaranteed payments will be, and you can see these results immediately, for all 10 carriers
  • whether you want to start your guaranteed lifetime income immediately, in 5 years or even wait 20 years, you'll be able to compare the top 10 carriers instantly to see which company will pay you the highest guaranteed lifetime income!

When you look at the report, you'll instantly know, with 100% certainty, what your guaranteed lifetime income WILL BE at any point in the future - not what it COULD BE  or MIGHT BE... 

How does that compare to your current financial plan?  Does your current plan offer a "paycheck for life" plan?

So... the question still remains:

​"Do you have 30 seconds to spare?"

The #1 fear of the Baby Boomers is the fear of outliving our money, and a contractually guaranteed "paycheck for life" solves that problem... permanently.

Annuities are the only financial instruments able to provide a guaranteed check every month, no matter how long a person or a couple lives, thus eliminating the risk of outliving one's money.


Perhaps you'd like to "kick the tires" and run some "what-if" scenarios - at 30 seconds per scenario, we can run as many as you like.

Unlike illustrations and scenarios that rely on assuming various stock market returns to show outcomes with varying probabilities of success, EVERY answer from EVERY annuity carrier shown on the report is contractually guaranteed, so you're able to  compare "apples to apples" and see which A-rated carrier will pay the highest guaranteed lifetime income to you and your spouse...

 So... i
f the idea of eliminating, once and for all, the risk of outliving your money sounds interesting, or if you'd like to "kick the tires," run some "what-if"scenarios and see which company will give you the best deal on a guaranteed monthly check for a specific amount, give me a call, send an email or click the link below & fill out the form. 

We'll enter your data into the fields, click "Generate," and you'll immediately be able to compare the results from the "top 10" annuity providers - it really is just that simple...


https://www.safemoneyhouston.com/contact.html

There's no cost or charge - only answers...

Best regards,

Rick Dennis
Conservative Retirement Solutions, LLC
1800 St. James Place, Suite 325
Houston, TX  77056
(713) 206-3885
​
"Your Retirement... Insured & Guaranteed!"
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Holiday Conversations 2019

11/18/2019

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I'm a client of Ed Slott, "America's IRA Expert,"  and I recently received the following info from his office...  I thought you might find the information useful.

Ed is suggesting that you take some time during the holidays to review & discuss your financial & estate plans with your spouse and family members... 
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Christmas Gift Idea

11/2/2019

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Want to be remembered after you're gone?

Scroll down to read about a gift idea that literally "keeps on giving" year after year, even after you've passed on! 

Gift Annuities can be set up for any special occasion, and the recipients (your children, grandchildren, nieces, nephews, etc.) will receive a check from you every month, every quarter or every year for the rest of his/her life.

Questions?  Call me or send me an email - I look forward to hearing from you and getting your questions answered.

Best regards,
Rick
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    Houston, TX 77056

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Conservative Retirement Solutions, LLC​
1800 St. James Place
Suite 325
Houston, TX 77056
office:    (832) 356-SAFE (7233)

direct:    (713) 206-3885
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  • Home
  • VIDEOS
    • Retirement Planning >
      • Annuity Explanation
      • Home Equity Transfer
      • Monetary Devaluation
      • Pension Maximization
      • Retirement Income Risk
      • Retirement Insurance
      • Retirement Questions
      • Retirement Savings Risk
      • Retirement Tax Strategy
      • Reverse Mortgage (HECM)
      • Roth Conversion
      • Safe Money Contracts
      • Social Security
      • Tax Free Retirement
      • Taxes, Risk & Fees
    • Fixed Annuities >
      • Annuity Buckets
      • Annuity Exchange
      • Annuity Laddering
      • CD to Annuity
      • FIA Credit Rate Explanation
      • FIA Decision Assurance
      • FIA Hedging Explanation
      • FIA Reset Explanation
      • Guaranteed Income Rider
      • IRA Annuity
      • Income Annuity (SPIA)
      • Indexed Annuity
      • LTC Annuity
      • Longevity Annuity
      • Multi Year Guarantee Annuity (MYGA)
      • QLAC Annuity
      • Split Annuity
      • TSP Annuity
    • Estate Planning >
      • CRT / ART
      • Cash Reserve Asset Class
      • Estate Life Insurance
      • Estate Planning
      • Estate Tax Insurance Trust
      • Estate Taxation
      • Final Expense
      • LTC Life
      • Life Settlement
      • Living Trust
      • Planned Giving
      • RMD Conversion
      • Single Premium Life
      • Special Needs Trust
      • Split Dollar Family Banking
    • Life Insurance >
      • Cash Value Life Insurance
      • Child Savings Bank
      • College Funding
      • Family Life Insurance
      • IUL Credit Rate Explanation
      • IUL Decision Assurance
      • IUL Hedging Explanation
      • IUL Reset Explanation
      • IUL Retirement Plan
      • Index UL
      • Life Insurance Calculation
      • Lifetime Tax Strategy
      • Living Benefits
      • Mortgage Life Insurance
      • Private Equity Banking
      • Term/UL Conversion
      • WL Retirement Plan
      • Whole Life Dividends
  • Create A "Private Pension"
  • The Annuity Truth
  • Blog
  • About
  • Contact