How To Sell Annuities 2

Are you looking for the security of the Swiss franc, combined with finish Swiss asset protection, (including bankruptcy), enormous investment flexibility, privacy – where your financial affairs are known only to you – as well as the prospect control your own investments? If so, then the Consumer’s Guide to Swiss Annuities is for you.

About the AuthorJean-Francois Meillard is a Chartered Accountant who lives and maintains his offices in the town of Cugy, Switzerland. A life time resident of the Swiss Romand (the French speaking portion of Switzerland) he was born in Lausanne in 1946. Upon the completion of his accounting studies, he was awarded the degree, Brevet d agent fiduciaire. Mr. Meillard is a fellow member of the Chambre Fiduciaire Suisse. Being fluent in French, German, Italian and English, he has produced a big international clientele. He specializes in creating structures to support his clients to minimize their taxes and preserve their wealth.

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Most helpful client reviews

11 of 12 people found the following review helpful.
Swiss Annuities — Finally an answer to investing that makes perfective sense
By Russell Greenberg
This booklet in regards to the respective types and vantages of Swiss Annuities in truth turned on the light for me regarding an substitute choice for investing. I have expended a heap of sleepless nights for the duration of the last few years worrying when it comes to how my 401K has eroded into a 201K, so I was thrilled to learn regarding what seems to be a much safer and smarter choice to safeguard and grow my life’s savings.

7 of 8 people found the following review helpful.
A wondrous resource for retirement
By Lynn
The author has done a remarkable occupation of making the subject of Swiss annuities understandable to an usual person approaching retirement.

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Annuity Companies 2

Every financial professional must read and refer to this altogether modified annuity resource. Delivered in an authoritative, yet easy-to-read language, this guide provides an goal to be attained discussion of what annuities may and can not do, their costs, and the risk management features that annuities offer.
Whether you are an attorney, CPA, financial planner; any individual who advises clients with regards to financial matters ought to read and refer to this wholly modified annuity resource. Delivered in an authorized yet easy-to-read language, this guide provides an goal to be attained discussion of what annuities may and cannot do, their costs, and the peril management features that annuities offer.

The Annuity Advisor, 2nd Edition discusses topics including:

Cost-benefit comparison of the features and taxation of annuities
Annuities as an investment versus peril management tool
Taxation of annuities both for the duration of the owner’s lifetime and after death
The respective features of annuities and their cost
When an annuity is considered an investment versus a danger management tool
Features and costs of index annuities
When and when not to use trusts with annuities
Annuities and estate planning
Discussion of mutual arguments employed both for and versus annuities

What’s New in the 2nd Edition:

Updated Second Edition offers extended coverage on:

Expanded analysis of the value of tax deferral in VAs
A brand new chapter on “longevity annuities”
New rules on Roth conversions of IRA annuities
New rules on calculating RMDs for IRA annuities
Updates on trusts as owners of annuities and transfers of annuities into trusts
Expansion on taxation rules for partial versus full surrenders
Updated for new IRS rules on partial 1035 exchanges

About the Authors:

John L. Olsen, CLU, ChFC, AEP is a financial and estate planner practicing in St. Louis County, MO. In addition to working with his own clients, John works with other consultants on innovative cases and product selection and offers independent consulting on financial planning software. He is likewise a highly sought-after speaker, having given demonstrations on financial, insurance, and estate planning, software selection, and other topics to a good deal of industry groups.

Michael E. Kitces, MSFS, CFP®, CLU, ChFC, RHU, REBC, CASL, is Director of Financial Planning for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland . In addition to the financial planning work he does on behalf of Pinnacle s clients, Michael is likewise a very active speaker, writer, and editor, works with other financial pros on modern financial planning topics, and is steadily interviewed by national buyer and trade publications on a wide potpourri of financial planning topics.

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Most helpful client reviews

5 of 6 humans found the following review helpful.
Extremely utile resource – and NOT just for advisers!
By Larry R Frank Sr, MBA, CFP
A timeless work intended for masters in the industry. However buyers seriously taking into account an annuity for a major portion of their plans must read this as well to be completely educated (more so than salespeople who haven’t taken the time to read it). Why will have to a buyer depend on being sold an annuity hoping it would solve their troubles rather than become informed sufficient in usual to determine on what kind of annuity they will have to search for in the firstborn place? Once a buyer has their big picture in mind, they may seek out the insurance company and local sales office to dig deeper into a specific purchase.

Risk transference to an insurance company comes at a cost. Therefore it is essential to evaluate your goal to be attained first. Secondly, determine if you are concerned in regards to a danger to achieve that objective. Thirdly, does an annuity, or a great deal of other product, address that specific risk. Just like any other financial product, annuities are a tool designed to do specific things – guaranteed to address a good deal of specific risk. They are not swiss army knives that are a solution to do everything. The writers do a decent and balanced occupation explaining how to evaluate them.

With the recent market meltdown not long ago experienced, and the coming tide of retiring baby boomers, I suspect the attraction of annuities will grow. Why? Because annuities are risk management tools and hence, the reason they are sold by insurance companies (insurance is a peril management method). Even if you get one at the bank, there’s an insurance company underwriting it. And this distinction is what gets most persons in disturb – they view annuities as an investment.

This is a well balanced and instructional work without sales hype or bias that is well written to effortlessly follow along. The reader does not need to be in the industry to grasp it.

Not just for advisors, CPAs, attorneys or insurance salespeople. Consumers must read this too.

How annuities work? Read
The Economic Theory of Annuities by Eytan Sheshinski

Wealth Odyssey: The Essential Road Map For Your Financial Journey Where Is It You Are Really Trying To Go With Money?

4 of 5 people found the following review helpful.
Technical read but effective
By BMT
I’m a fan of Michael Kitces writings so I purchased this book. I am a professional financial consultant and found this book very useful. I wouldn’t inevitably commend it to the general public. Very technical in a lot of areas…but the book is intended for the consultant as stated in the title and ought to be in their library.

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Qualified Annuities

The Bogleheads are back-with retirement planning counsel for those who need it!

Whatever your current financial situation, you ought to carry on to strive for a viable retirement plan by finding the most effective ways to save, the best accounts to save in, and the right amount to save, as well as understanding how to insure versus setbacks and handle the uncertainties of a shaky economy.

Fortunately, the Bogleheads, a group of like-minded person investors who follow the frequent investment and business beliefs of John C. Bogle, are here to help. Filled with worthful counsel on a wide range of retirement planning issues, including numerous pearls of wisdom from Bogle himself, The Bogleheads’ Guide to Retirement Planning has everything you need to succeed at this endeavor.

• Explains the dissimilar types of savings accounts and retirement plans
• Offers perceptivenesses on managing and funding your retirement accounts
• Details effective withdrawal schemes that could aid you maintain a comfortable retirement lifestyle
• Addresses necessary estate planning and gifting issues

With The Bogleheads’ Guide to Retirement Planning, you’ll discover precisely what it takes to secure your financial future, today.

Whatever your current situation, you must carry on to strive for a viable retirement plan by finding the most effective ways to save, the best accounts to save in, and the right amount to save, as well as understanding how to insure versus setbacks and handle the uncertainties of our new financial world.

Fortunately, the Bogleheads—a group of like-minded person investors who follow the usual investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group—are here to help. With The Bogleheads’ Guide to Retirement Planning, this diverse collection of investors, who have shared their collective wisdom on www.Bogleheads.org for more than a decade, offer worthful counsel on a wide range of retirement planning issues.

A genuinely group venture (no less than forty Bogleheads contributed in a heap of capacity), this dependable resource is a first-rate primer on saving and laying out capital for retirement. Divided into six comprehensive constituents and filled with practical tips and anecdotes—including a good deal of pearls of wisdom from Bogle himself—The Bogleheads’ Guide to Retirement Planning:

• Explains the dissimilar types of savings accounts and retirement plans, from the person retirement arrangement (IRA) to single-premium prompt annuities (SPIAs)

• Warns you in regards to the types of taxes that may affect your retirement plan

• Offers perceptivenesses on managing and funding your retirement accountsDetails effective withdrawal schemes that could support you maintain a comfortable retirement lifestyle

• Discusses the indispensable share disability and health insurance programs play in a retirement plan

• Addresses necessary estate planning and gifting issues

It’s one thing to save for retirement, but another thing to plan for it. With The Bogleheads’ Guide to Retirement Planning, you’ll discover precisely what it takes to secure your financial future, today.

All royalties are donated to the National Constitution Center, a nonprofitmaking institution consecrated to increasing public understanding of, and appreciation for, the U.S. Constitution.

From the Back Cover”Meet the wisest and most generous crowd on Wall Street: the Bogleheads. The Internet’s worst-kept mystery is now well out in the open; for the best in online investment education and advice, you can’t beat www.bogleheads.org. Wisdom of crowds, indeed: a thread for almost each need, an expert contributor for each subject. Now, for the firstborn time among these covers, the Bogleheads assemble their formidable collective expertness on retirement planning. Savor, enjoy, and learn.”—William J. Bernstein, author of The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between

“The Bogleheads’ Guide to Retirement Planning delivers the power of the community. Each chapter may have it is own author, yet all have been molded by the remarkable Bogleheads community, resulting in a terrifi book that offers readers a slew of practical suggestions and a hefty serving of cautiously calibrated advice.”—Jonathan Clements, author of The Little Book of Main Street Money

“The Bogleheads have done it again! The web’s savviest and most caring investment consortium has accumulated all the selective information you’ll need to plot a safe and sane course toward retirement. Their camaraderie, kindness, and good sense wisdom will steel you to ‘stay the course’ and realize your retirement dreams. With the Bogleheads, asking the audience is always the best solution.”—Don Phillips, Managing Director, Morningstar

“This book pilots the reader around the shoals of retirement planning, including tricky issues such as social security, health insurance, divorce, and finding proper financial advice. This not-for-profit collaborative enterprise answers recurrent questions raised by members of the Bogleheads online forum with clarity, wisdom, and humor. It discloses fallacies, proposes alternatives, and reassures the exhaustive planner. It is a welcome contribution to a world where unrestrained greed and complex financial arrangements have capsized many. I keep referring back to it.”—Ed Tower, Professor of Economics, Duke University

About the AuthorTAYLOR LARIMORE has been dubbed by Money magazine as “the Dean of the Vanguard Diehards,” and Jack Bogle himself calls Taylor “the King of the Bogleheads.” Now eighty-six and retired, Larimore regularly spends various hours a day answering questions for free on the Bogleheads.org forum.

MEL LINDAUER was dubbed “the Prince of the Bogleheads” by Jack Bogle. Together with Taylor Larimore, he initiated and proceeds to coordinate the grassroots Bogleheads annual meetings. Lindauer has been cited in a number of newsprints and magazines and has appeared on CNNfn.

RICHARD A. FERRI, CFA, is a key fellow member of the growing Bogleheads “brain trust” and founder and CEO of the investment firm, Portfolio Solutions, LLC. He is the author of seven books, including The ETF Book: All You Need to Know About Exchange-Traded Funds and The Power of Passive Investing, both published by Wiley.

LAURA F. DOGU, called “the Queen of the Bogleheads,” participated as an investment panelist for the duration of the Bogleheads meetings for the last four years. Dogu is a career Foreign Service Officer with the U.S. Department of State.

Most helpful client reviews

59 of 62 people found the following review helpful.
Complete. Neutral. Many options, not sufficient guidance
By Daniel P. Smith
The firmest features of this book are it is veritably particular breadth and completeness of coverage, and it is level-headed neutrality. This book will protect you from blind spots, from overlooking things, and from the salesperson who wants you to focus on _which_ confrabulated glommis to buy, and not on _whether_ you need a confrabulated glommis at all. Buy this one book and you’ve got a solid basic reference for _everything_.

74 of 85 people found the following review helpful.
Another Excellent Book from The Bogleheads!
By mapleosb
It seems one of the original necessaries to post a review here would be to read the book first.

I just finished reading the entire book and I may candidly say, it is a wealth of selective information in a concise and easy to read format.

IMHO, Every one involved will have to take a huge bow for the effort. For somebody who will be taking into account planning for retirement, this is a straightforward and practical method to use in your planning. Each author lays it out in plain language, with explanations and links to pursue more elaborated information.

As an early retiree, I exceptionally found the chapters on Social Security, Early Retirement and especially, Estate Planning and Taxes to be most utile for my situation. Perhaps a heap of of these chapters will integrate references to areas of retirement planning that have been visited from time to time in other periodicals and books. The real value of “The Bogleheads” Guide to Retirement Planning” to me is the fact that almost each area of planning is here in one remarkable book.

As we say in the Navy…Well Done!

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Annuities offer many unique benefits for senior adults and by focusing on these benefits you can close your annuity leads much more easily. More precisely, if you stay away from focusing on the yield of interest credited and refocus on the true and unique benefits available with annuities you will increase production dramatically. So what are the benefits?

The first benefit is “Tax Deferral.” You can actually pay fewer income taxes by placing your warehoused money in an annuity. With an annuity you only pay taxes when you touch the funds, in other words, you are in complete control of your tax liability.

The second benefit is “Triple Compounding” and is the result of tax deferral. If you defer your taxes then you earn interest in three separate areas.

o You earn compounded interest on your invested funds.

o You earn compounded interest on your accumulated interest.

o You earn compounded interest on the tax liability of the money you would have sent to the government.

The third benefit is “Tax Advantage”. If you own an IRA and you are 70 ½ years of age you must begin withdrawal of your funds under the Required Minimum Distribution Rules. Annuities enjoy the same tax deferred status of an IRA but are EXEMPT of the required minimum distribution rule. No FORCE OUT at age 70 ½ or at any age!

The fourth benefit is “Access” to your funds and withdrawal. Many competitors such as banks and stock brokers use the withdrawal provision as a negative. In actuality it is a complete positive. Here is how you remove funds from an annuity.

o Access of 10% of your account value annually.

o Monthly earned interest, you are allowed to withdraw the earned interest on a monthly basis

o Income for any time period. At anytime you are allowed to convert your “pile” of money to an income stream for any time period you choose.

o Beneficiary, your beneficiary is entitled to 100% of your funds at anytime.

The fifth benefit is “Growth.” Your account is guaranteed to only grow. Your funds are fully guaranteed to increase and never decrease! All annuity contracts have a minimum guaranteed interest that will be credited regardless of what happens to our economy.

The sixth benefit is “Avoiding Probate.” If an annuity has a specified beneficiary the funds from an annuity avoid probate and are paid directly to the beneficiary without any delay or expense. This allows the beneficiary to avoid legal expense and time delays in receiving the funds.

Annuities can be wonderful products when used for the benefits they contain. Less tax liability, liquidity, guaranteed growth and guaranteed income are all benefits that can be enjoyed with annuities. Agents should not focus on the rate of return and simply explain the unique benefits. Follow this one simple tip with your annuity leads and you will close more sales.

Annuity Benefits

Why look into annuities? If you’re a Baby Boomer with little or no pension and most of your money in low-interest savings accounts, an annuity may be the key to a secure and comfortable retirement. How can you find out whether an annuity is right for you? Read Annuities For Dummies, 3^rd Edition.

This completely revised and updated, plain-English guide is packed with the latest information on choosing the best annuity for your retirement needs. You’ll find out exactly what annuities are, whether they’re the right financial vehicle for you, and which of the many annuity options might have your name on it. You’ll learn the ins and outs of using annuities to fund your retirement years, figure out whether to stress investments with insurance or insurance with investments, and find out how the right combination of annuities can help you squeeze more income out of your savings that any other financial tool. Discover how to:

• Identify the main types of annuities
• Weigh the pros and cons of annuities for yourself
• Minimize the complexity and cost of your annuity investment
• Figure out how much money to commit
• Avoid common annuity pitfalls
• Create an income you can’t outlive

The time to start securing your financial future is now. Annuities For Dummies, 3^rd Edition, gives you knowledge, insider tips, and expert advice you need to make your money do its best for you.

From the Back CoverUse annuities to build your own pension

Will annuities work for you? Get the nitty-gritty on these financial tools

Are you a baby boomer who’s about to retire? Are you concerned about your financial future? Relax. This plain-English guide will walk you through the ins and outs of using annuities to fund your retirement years. Find out what annuities are, whether they’re the right financial vehicle for you, and which of the many options might have your name on it.

Discover how to:

• Make sense of annuities

• Weigh all the pros and cons

• Figure out how much money to commit

• Create an income you can’t outlive

• Avoid common annuity pitfalls

About the AuthorKerry Pechter is the senior editor of Annuity Market News. As a reporter who writes about annuities and the annuity industry full-time and as a former marketing writer who specialized in annuities at The Vanguard Group, he brings both an outsider’s and an insider’s perspective to the writing of this book.
A financial journalist for many years, Kerry has written for the New York Times, the Wall Street Journal, the Los Angeles Times, and many other national and regional publications. His previous books include two career guides, A Big Splash in a Small Pond: How to Get a Job in a Small Company (Fireside) and An Engineer’s Guide to Lifelong Employability (IEEE). He is a graduate of Kenyon College.

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Most helpful customer reviews

24 of 24 people found the following review helpful.
Helping Make Sense of Annuities
By Chaplain T. L. Jones
Annuities For Dummies by Kerry Pechter is a very readable guide to annuities that makes sense of a very complicated insurance product (and what insurance products are NOT complicated?) Pechter guides the reader through a brief history of annuities to a broad view of how they work, and on to specific facts about the various kinds of annuities available. The only slight criticism is that his presentation is a bit overly favorable toward annuities, bolstered by selective statistical examples, like the one on p. 21. Hypothetical retiree “Smith” was over-invested in bonds and cash, which do not provide protection against inflation. That is partly why hypothetical retiree “Jones” with his annuity and stocks did better. Was it the annuity or the stocks that made the difference? The logic behind the example is undoubtedly that without an annuity, Smith would want very secure investments, hence, bonds and cash. All in all, the book will help any reader make better choices regarding annuities. And it’s a fun read!

16 of 16 people found the following review helpful.
A first-rate and understandable overview of a very complex subject
By John L. Olsen
“Annuities For Dummies”, by Kerry Pechter, is a wonderful book! Annuities can be wickedly complicated (and are often far more complicated than they ought to be), but Pechter’s explanation is uniformly clear and understandable. That, alone, would make his book unusually valuable. But it’s also accurate and fair, which makes it darned near unique among writings about insurance products by financial journalists.

I’m an annuity expert (co-author of “The Annuity Advisor” and author of numerous articles, in various journals, about annuities), and I found this book informative. (I wish I’d made certain points as clearly as Kerry does). I’ve recommended it to insurance agents and consumers and will continue to do so.

- John L. Olsen, CLU, ChFC, AEP

6 of 6 people found the following review helpful.
Annuities for Dummies
By Carol Smith
This book is a no nonsense break through on understanding the mind boggling world of annuities of all kinds. The book is timely since this topic is now going to be of high interest given aging baby boomers. The book is well organized and an easy read. There is an unfortunate typo problem on the critical titling rules chart that left me searching elsewhere for the necessary answers. I recommend this chart be fixed before the book is republished.

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What is an annuity? An annuity is a regular monthly income stream that a person receives after an initial investment of money. Answering the question, “What is an annuity?” is a lot more complicated, of course. Annuities can be very complex and come in many different forms, so it’s important to learn all you can about them before purchasing and selling. As with everything in life, knowledge is power, so it pays to know more about annuities before you get involved. Once you’ve researched more about them, you can move forward with confidence and make decisions that will benefit you the most.

You must sell an annuity in order to receive a lump sum payment from it – this is the main reason why people sell annuities. Annuities are generally safe investments, but they don’t have high returns, especially when compared to the alternatives. However, they make great short-term investments – it all depends on what you plan to get out of your investment strategy. Diversification is recommended for most people as a way to spread your assets around and reduce risk while increasing the potential for profit.

Oftentimes people sell annuity payments to make a large purchase. Instead of receiving monthly payments you get a full amount in one payment. This can be very helpful if you want to buy a home and finance a large down payment, or purchase a vacation property. The best way to sell an annuity is to find a reliable company to sell it for you. A large company makes annuity selling easier because they have the funds and the experience to make it happen. Of course, there are downsides to selling an annuity through a larger company – you have to pay a fee and you may not get as much for the annuity as you hoped.

You can sell annuity plans in another way, although this isn’t the most popular choice – directly to someone wanting the annuity. Annuity selling through this method involves a lot of legalities in some cases but it’s not impossible to do it on your own. There are many annuity selling opportunities online that can help you sell annuity plans quickly and easily.

There are other ways to sell annuities as well, such as exchanging for other annuities or using them as collateral for a loan. To sell annuity plans you can get rather creative. For example, annuity selling that involves an exchange could work like the following – swap out a smaller payment over a long time period for a larger payment over a shorter term. This is a good option if you can’t sell the structured settlement for a lump sum. You can also make a full swap, if annuity selling doesn’t work out for you. This involves exchanging with a company or individual for an annuity that may be easier for you to sell on your own.

Although the latter method charges more fees and takes longer for all the transactions to be processed, it can yield exactly the results you may be looking for. Using your structured settlement on a loan is not recommended, but if the interest rates are low and you’re willing to go this route, it’s a viable option. This method gives you a higher yield on your annuity and you get the lump sum to use as you please.

Sell Structured Annuity

What can I do? Where can I get the money I need? I have an annuity, but I don’t know that I can sell it. Is there a good time to sell my annuity? I already have a home improvement loan, but it was used before the roof needed replacing. I don’t know if I can get another loan. I just don’t know where else to get the money. If the insurance company had been able to cover a bigger chunk of the cost of replacing the roof the wind ripped off, but they didn’t. Now if I don’t replace that roof before it rains we will have buckets for the water sitting all over the house. I think there is a whole in the roof just above our bed. We can’t sleep with a bucket in the middle of their bed!

Can I sell my annuity? The person who sold it to me made it sound like I would be stuck with it for life. How can I find out for sure? You are going to need help selling that annuity. Do you even know how to start? What information do you need to know? Do you know if there are other options other than selling your annuity to help you out?

Your annuity could help you get the extra money you need to fix that roof or pay for medical emergencies. How much do you know about your annuity? You read the contract, but are there still things you don’t know about annuities. Do you know how to sell your annuity? You might want to know what not to do when you are selling your annuity. There maybe tips on how to sell your annuity.

Annuities are just for saving money for our retirement, right? I don’t want to give up the security. We might need that money later on when we get older. I know we can’t live on what Social Security will send us. Not the way prices are today. This is not helping me get the money for the roof. So I will have to worry about our future later because the roof needs fixing now. So you have decided, you are going to sell your annuity. You seem to be out of other options.

How hard is it to sell an annuity? So where do you have to go to learn what you need to know about selling your annuity? Does the library have a book? Is there something I can read like a brochure? You need to know some tips on what to do and not to do when selling your annuity. You will need to know if you have other options. You will need to know what to expect when you sell your annuity. What kind of people will buy your annuity?

It would be nice if we had all the answer to the questions we have. If we could just have that information filed in your desk for you to access it when you need it. You know you can do this, but you have never done this before so you would prefer knowing something before you got out there and make a fool of yourself. No one likes looking like a fool.

What if I told you, you could find the information you need all in one place?

Of course you would say, “well, let me see it”, right? You will be able to find all the answers to your questions. You will find the tips you need to know to sell your annuity. You will find out about options you didn’t know you had. You will learn how to find a good buyer for your annuity and what to expect. A step by step of how the sale will happen.

You will learn what to watch for and the things to avoid. You will learn of other options for your financial security in the future. All of this in one easy location. You won’t have to research look at hundreds of books or search hundreds of web pages to find the information you need. You won’t have to make hundreds of phone calls to find answer to questions.

This information is all about annuities. You may even learn things about your own annuity you didn’t know.

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