Annuities 101: Turning Savings Into Lifetime Income | Paul Garofoli
You spent 40 years filling the bucket. Nobody taught you how to turn on the tap. Paul Garofoli is a licensed insurance professional with 44 years in the business. He is Regional Vice President of Individual Annuities at The Standard, sits on the board of the National Association for Fixed Annuities (NAFA), and earned his RICP® from The American College. A Summa cum Laude, Phi Beta Kappa graduate of the University of Massachusetts, Paul has spent his career doing one job well: explaining what annuities actually do, in language that lands. In this conversation with host Brett A. Blake on Safe Money Radio, Paul walks through the retirement-income conversation most people never get: Why an annuity is really longevity insurance, and why the Romans invented one for retired soldiers The plain-English difference between a MYGA (multi-year guarantee annuity) and a fixed index annuity, and when each one may fit Why a portfolio balance is a number, and income is what you actually live on The live-on / leave-on framework: how to sort every dollar you own by purpose before you sort it by product Polly's Plan: how a 44-year insurance veteran built his own retirement income floor Peak 65: why the largest wave of 65-year-olds in U.S. history is retiring without a pension behind them The two words most retirees never hear from anyone in the industry: it is OK to spend your money Want to take the next step? Run your own numbers with the free WIYN calculator at brettblake.annuity.com, which takes about three minutes. Ready to talk it through? Book a Retirement Clarity Session with Brett. Not a sales call. Not a slide deck. Your numbers, not ours. Full episode on Safe Money Radio.
Description:
You spent 40 years filling the bucket. Nobody taught you how to turn on the tap.
Paul Garofoli is a licensed insurance professional with 44 years in the business. He is Regional Vice President of Individual Annuities at The Standard, sits on the board of the National Association for Fixed Annuities (NAFA), and earned his RICP® from The American College. A Summa cum Laude, Phi Beta Kappa graduate of the University of Massachusetts, Paul has spent his career doing one job well: explaining what annuities actually do, in language that lands.
In this conversation with host Brett A. Blake on Safe Money Radio, Paul walks through the retirement-income conversation most people never get:
Why an annuity is really longevity insurance, and why the Romans invented one for retired soldiers
The plain-English difference between a MYGA (multi-year guarantee annuity) and a fixed index annuity, and when each one may fit
Why a portfolio balance is a number, and income is what you actually live on
The live-on / leave-on framework: how to sort every dollar you own by purpose before you sort it by product
Polly's Plan: how a 44-year insurance veteran built his own retirement income floor
Peak 65: why the largest wave of 65-year-olds in U.S. history is retiring without a pension behind them
The two words most retirees never hear from anyone in the industry: it is OK to spend your money
Want to take the next step? Run your own numbers with the free WIYN calculator at brettblake.annuity.com, which takes about three minutes. Ready to talk it through? Book a Retirement Clarity Session with Brett. Not a sales call. Not a slide deck. Your numbers, not ours.
Full episode on Safe Money Radio.
Worry Less. Live Longer.
About the host
Brett A. Blake hosts Safe Money Radio and is the CEO of Annuity.com. He is 58, a Harvard MBA who will tell you the degree taught him almost nothing about retirement income. Before Annuity.com, he helped scale a business to nearly $1 billion in annual sales. He lives in Gilbert, Arizona with his wife Erin, and asks the questions every retiree would ask if they had access to the right rooms.
About the guest
Paul Garofoli is Regional Vice President of Individual Annuities at The Standard and a 44-year veteran of the insurance business. He sits on the board of the National Association for Fixed Annuities (NAFA) and earned his RICP® from The American College in 2023. A summa cum laude, Phi Beta Kappa graduate of the University of Massachusetts in political science and economics, Paul is a nationally recognized speaker known for turning complicated retirement-income concepts into plain English.Follow or Subscribe to Safe Money Radio Podcast on your favorite platforms
Website: safemoneyradio.com | YouTube: @SafeMoneyRadioPodcast | Facebook: Safe Money Radio | Instagram: @safemoneyradiopodcast | TikTok: @safemoneyradiopod | Twitter (X): @safemoney_radio
Follow Brett A. Blake
LinkedIn: @brettblake | Retirement tools: brettblake.annuity.com | Email: brett.blake@annuity.com
Follow Paul Garofoli (RVP Individual Annuities, The Standard)
LinkedIn: @paulgarofoli | Website: standard.com
#RetirementIncome #Annuities #GuaranteedIncome #MYGA #FixedIndexAnnuity #LongevityInsurance #Peak65 #RetirementPlanning #SafeMoneyRadio
Comments