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Marketing Director for Denver's Multi-Financial Corporation 1976-1985. Built one of the nation's largest independent financial agencies to provide low-cost term life-insurance and high quality annuities.
Moved to Sarasota, Florida in 1986 and have never experienced a business complaint.
After easily passing FINRA'S Series-65 examination, rather than work in Florida as an Investment Advisor Representative (IAR), I registered Wisebird Financial LLC, to remain fully independent and to select my own business associates..
Persons who sell stocks and mutual funds, directed by corporate brokers, are often required to promote specific "equities" that are subject to periodic stock market "adjustments" (declines or crashes).
I suggest using one or more deferred annuities to create the bedrock for one's longer-term portfolio, regardless of decisions made to buy volatile and potentially higher yielding investments.
PROTECT THE CORE OF YOUR RETIREMENT PORTFOLIO
My business includes financial products that are as safe as can be found. Backed by billions of dollars in corporate assets, the interest earned from annuities is guaranteed and tax deferred. Their value never goes backward to reduce the value of one's retirement portfolio by even one penny.
There is no limit on the amounts that can be periodically deposited. Interest accumulates on a tax-deferred basis. Just because funds in one's tax-qualified retirement accounts are already tax-deferred does not preclude adding an annuity (or annuities) to one's retirement portfolio.
The non-qualified annuity remains one of the few individual investments a consumer can make outside of a qualified plan that is given this favorable tax treatment.
As long as these values remain in the contract, they are not subject to tax. Only when earnings are withdrawn or distributed are they taxable.
A major reason for the lack of information and widedpread misinformation about these financial products stems from their safety and value having been unaddressed or minimized by certain financial sales persons for the following reason:
Placing customers' retirement assets into safe and secured long-term positions is contrary to the career earnings potential of many sales persons. It defeats their ability to continue moving their customers' assets in and out of volatile investments and generating ongoing sales commissions.
The irony is that, following market "adjustments" (periodic major declines) when selling stocks and mutual funds can be challenging, sales persons frequently sell smaller annuities in order to maintain their personal commission incomes.
Annuities are often poorly understood by responsible savers and investors who are concerned about their personal retirement, their family's security, and any generational legacy they expect to bequeath others.
In short, they are not investments over which you will lose sleep. Persons with a high tolerance for risk and those who enjoy or are addicted to gambling find them to be as boring as watching paint dry.
THE SEQUENCE OF RETURNS (valuable information)
By defeating market volatility, an annuity avoids the potentially hugely financially destructive Sequence of Returns problem.
MOVE YOUR MONEY OUT OF BANKS
Leave only enough in a checking (debit-card) account to conveniently pay ongoing bills. After chatting by phone we can, if you wish, sit down together and discuss your interests and those of your family, without sales hype. I prefer meeting face-to-face in lieu of "remote" (computer-based) contacts unless we are more than fifty miles apart.
I do not sell cash-value ("investment") types of life-insurance. If you presently own Universal Life-Insurance see the last five references listed in my book's Bibliography. I offer suggestions based on when you bought it, as well as alternatives to other "investment-type" life-insurance policies. If insurance protection in the event of untimely death is required, I provide low-cost term life insurance coverage.
THE FIXED DEFERRED ANNUITY
The page linked to above contains my general explanation of this often confusing, but very important financial product.
- Universal Life Insurance
There is a MAJOR ISSUE faced by millions of Americans today who are or have been paying money into this hybrid financial product. They are likely to be unaware of an undisclosed financial opportunity and the appropriate action to take. Call me for information.
- More about Universal Life Insurance
If owned, do not lapse it or "surrender" it to any life insurance company. Call me after reviewing the last five items in my book's online updated bibliography.
- Guaranteed-issue Life-Insurance
You might be pleasantly surprised and interested in this logical financial opportunity regardless of your current age or health.
- Single-payment and flexible-payment fixed (and market-indexed) top-rated DEFERRED annuities. These are important products that require accurate explanations, not corporate hype.
- If you want help in obtaining a functional Revocable Living Trust, or would like to have an existing trust reviewed professionally (something that I strongly recommend), I can refer you to an affiliated Florida licensed estate planning attorney. If your legal residence is outside of Florida, I ought to be able to refer you to one in your home state.
If you are a licensed Florida attorney interested in broadening your practice and desirous of ethically servicing additional clients, give me a call.
From 2004 until 2008, the year in which much financial damage occurred, Sherri, my assistant, and I introduced reverse mortgages in Florida. We traveled throughout the state appointing and training licensed mortgage brokers on how to use HUD's new Home Equity Conversion Mortgage appropriately.
Creating secure lifetime financial positions for many previously hopelessly financially struggling senior homeowners, we assured for them the ability to comfortably live in their own homes over the long term and hugely relieved their increasing financial pressures.
For ethical sales persons, the pride and satisfaction in helping others outweighs any financial compensation.
The Fixed Deferred Annuity. General disclosure information
A Fixed Annuity contains a guaranteed withdrawal benefit for life or for a specified number of years. It is a financial planning tool designed for someone who wants an opportunity to earn tax-deferred interest and a regular stream of income should they elect to begin Lifetime Withdrawals. The Interest Crediting Rate is an effective annual yield of interest which is usually compounded and credited daily.
THE PARTIES TO A NON-QUALIFIED FIXED ANNUITY ARE:
Owner/Designated Life — The person(s) who purchases the contract, and the person(s) from whom instructions are accepted regarding the contract. You may name up to two Owners or an Entity. If the spousal version of the benefit is elected, each named Owner must be a natural person. If the contract is Custodially owned, the spousal version of the benefit may be available.
Annuitant/Joint Annuitant — The person whose life or lives are used to determine the Annuity Payments. Joint Annuitants are allowed on Non-Qualified contracts only.
Beneficiary(ies) — The person or persons who will receive any Death Benefit if the Owner (or Annuitant if your Fixed
Annuity is owned by an entity) dies before the Annuity Date.
How do I Establish a Fixed Annuity? We must work together with well informed financial professionals (e.g., tax account, attorney) to assure that the FIXED DEFERRED ANNUITY that we recommend meets your own financial situation and objectives.
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The information published at this web site is educational in nature and is not intended to be a recommendation to sell or purchase an annuity or any specific insurance or financial product. You are strongly urged to consult with financial planning, tax, and legal advisors to determine if an annuity is suitable in your financial situation. |
