Background: Variable Annuities with Minimum Income Guarantees are quite popular and have been a very effective planning strategy. There are many different types of these contracts offered by various insurance companies. Some provide a guaranteed minimum income benefit, some provide a guaranteed withdrawal benefit, some provide a guaranteed death benefit, and lastly, some provide a …

To Draw or Not To Draw?Read More

Background: A client with an annual personal income exceeding $500,000 was in the highest federal and state income tax brackets. The question became “if we could create a large tax deduction today, deferring income to retirement, would the client be better off?” Our Case: The client was contributing the maximum allowed by the law of …

Is a Large Tax Deduction Today Appropriate for Some Individuals?Read More

Background: Many people in their 60’s and 70’s own a life insurance policy purchased in the 1970’s, 1980’s or 1990’s that is not performing as well as projected at interest rates of those times. Or they find that they no longer want to maintain policies that they have. They’re sitting in the file cabinet and …

There’s Gold in the File CabinetRead More