Carey (Mac) Hanna Interviewed on Influential Entrepreneurs Podcast -Should an Annuity be Part of a Retirement Portfolio?

Mac Hanna, Discusses His Approach to Helping His Clients with Financial and Retirement Literacy

During the interview, Mac discusses how most Americans already own an annuity. When we pay into Social Security over our working lives, we receive a lifetime benefit. That is an annuity. An annuity is not an investment product but is a commodity product that is a contract between the insured and the insurance carrier that provides safe, tax-deferred growth of a retirement nest egg. Annuities are designed to compete with bank certificates of deposit.  Fixed annuities are considered low-risk and can provide guaranteed income. There are many types of annuities with various features & benefits. These annuities include fixed, variable, immediate, deferred & hybrid or index. Benefits can include long-term care and income riders. A fixed annuity contract includes principal protection, a lifetime income stream if chosen, and is an excellent device to leave a legacy. If these considerations are not a concern of yours, then you probably do not need an annuity. The insurance company does not keep the money if the annuitant dies. The remaining balance of the proceeds goes to the named beneficiaries.

Hanna explained that “I am very excited to be bringing this education to people preparing for their retirement since this is such a vital piece of their strategy. I pride myself in being able to develop long-term relationships with my clients, and I have had some for over 30 years!”

Tune in for the interview on iTunes, Stitcher, iHeartRadio, and the Business Innovators Radio Network.

He continues, “The concept of annuities goes back to the Roman empire when retiring soldiers were given a lifetime pension and lived in communities throughout the empire. It is a contract, not an investment, so you must select an annuity based on the company’s strength, and the benefits of the contract that meet your goals and objectives. It is strongly suggested that you consult with a financial professional to help understand the various types of annuities before you purchase.”




About Mac Hanna

Mac is experienced with over a combined 45 years in banking and insurance. He was with New England Securities, Multi-Financial Securities, and Cetera Advisors for 25 of those years as a broker and an investment advisor representative.

Aside from his time in college, He has resided in Aiken since 1955. After graduation from Aiken High School, he attended both The Citadel and the United States Naval Academy, where he earned a Block N as a Brigade boxing champion. He graduated from the University of South Carolina with a degree in business management and has a master’s degree in education administration. At USC, he lettered in football, was a member of the Block C Club, residence hall counselor, and served as president of Delta Sigma Pi, a professional business administration fraternity.

Professionally, not only was he formerly a National Board Certified Teacher in social studies but he holds Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) designations from the American College in King of Prussia, PA. He is a Fellow of the Life Underwriter Training Council and moderated courses for life and disability insurance agents.

Before moving to Aiken, the road to Eagle Scout taught him many lessons that he honors to this day, especially as they pertain to service to others. He was recognized in 1958 as one of 12 outstanding Explorer Scouts nationwide to present to President Dwight D. Eisenhower an annual Report to the Nation of activities of the Boy Scouts of America. Since his return to Aiken in 1964, he has been active in his church, St. Thaddeus Episcopal, as a Girl Scout troop leader, former vestry member, Sunday School teacher,  basketball coach, Mead Hall board member, Lay Reader, Eucharistic Minister, and Lay Visitor.

Service and veteran organizations include the American Legion; Jaycees (past president, regional vice president and was honored as a key man and outstanding state chairman); Aiken Association of Life Underwriters (president); Salvation Army (board of directors); mentor to Eagle Scout candidates and adult leaders in the Georgia-Carolina Council; coach for Aiken Parks and Recreation teams; Aiken County Public Schools middle school rezoning committee chairman, PTO president at two elementary schools, coach of Aiken High School academic team for 17 years (thanks to the students the team became one of the nation’s best). Mac was named by the South Carolina Department of Education and the State Board of Education as a South Carolina Ambassador of Academic Excellence.

Mac credits his deceased wife, Anna Estelle, with their following the path of servanthood. She taught him much, and he actively participated with her in reaching out to others especially in the Soup Kitchen at St. Thaddeus, hosting celebrations, funeral receptions and taking meals to shut-ins. They were blessed with four children, two are disabled and all of whom live in Aiken. Jim, the eldest, is a Wofford grad, a football All-American who is married to the former Anita Tatum, a regular in Heart Fund productions. The two of them own AHH Sunshine, a screen print, embroidery, and promotional products company. They have one daughter, Tatum, a student at USC-Columbia. Anna Estelle and Mac’s youngest son, David, is a Magna Cum Laud graduate of USC-Aiken and has a master’s degree in education leadership from Ole Miss. He coordinates testing for the Aiken County School District and is married to the former Tara Jean Wessinger, a talented art teacher at Aiken High. David and Tara are the parents of Cody and Zoe.


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