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Okay, it’s 2 o’clock uh Pacific time. So, welcome everybody. Uh good afternoon again. Uh thanks so much. Really appreciate you joining us today. Uh discuss annuities. Uh just talk about annuities, how they work. And today is meant to be an introduction to the topic of annuities. Um, and you know, if you’re interested in additional details, things like that, uh, it’s kind of meant to be the first meeting or maybe the second kind of presentation and for followup u, uh, together onetoone. U, annuities have certainly changed a lot over the years. Um, how they’re used, the way they’re constructed, the financial engineering that goes into them, um, much different than they used to be, you know, even 10 years ago, 20 years ago for sure. And the types of annuities. So today we’re going to go over uh you know just the good, the bad, and the ugly about annuities and uh you know what they are, who would want one, and then kind of build from there. Um by way of introduction, my name is Christian Chaplua um financial consultant here at Alliant Retirement Investment Services working with members clients on the west coast primarily. Uh so that includes California, Hawaii, also Washington State. Uh so I’ve been in the industry 15 years on the personal side. um you know helping uh families, individuals with uh investment management, financial planning, estate planning primarily and everything that goes with that. There’s always subsets of financial planning like budgeting, long-term care, um you know, tax tax savings, Roth conversions, etc. So, happy to kind of answer any questions today on any topic as we go through the the discussion. you’ll have a chance to uh ask a question in the chat or uh the Q&A and then also always available for a one-to-one meeting um on annuities, financial planning, estate planning, other topics. So you can uh you’ll have a chance to just reply uh to a meeting invite uh and then I’ll contact you and then we we can uh schedule that meeting.
Want to mention just housekeeping. Uh this presentation uh tended for educational purposes only and it is proprietary. We do work really hard to get this information to you. There’s a lot that goes on behind the scenes. We ask just to help us protect the integrity of our content um privacy of all participants and do not uh record, reproduce, distribute any uh or part of this presentation. So that includes video, audio, screen chat, uh capture, AI tools, uh without prior written consent. Uh by continuing to participate in this webinar, uh you acknowledge and agree to these terms. So very much uh thank you for your cooperation. Appreciate that.
Before we get started, just a couple of advertisements about upcoming annuities. So we’ve got one on uh October the 1st, uh 2 p.m. our regular scheduled time. Um that’s going to be on the home stretch. Seven things to do in the decade basically before you retire or that’s five years. Um nice checklist to get think about uh financial planning uh you know holistic financial planning and uh getting ready for retirement. So if you’re interested in that uh would love to have you join us. On the 8th we’re going to be discussing uh Roth IRA conversions. It’s one of our most popular webinars. pack strategies always are. Uh so that’s again 2 pm Pacific and just talk about how they work, some of the variables for success, uh operationally um what you need to do. Uh so lots of great information. Hopefully you can join us as well. And then we’ve got our webinars uh invest podcast and also our website blog. Uh all resources, great information for to help you in your financial planning journey. the website blog that’s at our um uh aerys.aligncreditun.com uh location and you can also get our invests podcast uh there as well.
This is a great summary slide how we can help you. Uh so we always encourage folks to think about planning um so important especially as you appro approach retirement. Uh just get a baseline in terms of where you are uh what you need to do. um always opportunities to uh change things, improve things um as you approach that great big milestone. Uh so basic plan uh which is which we call a complimentary foundational um financial plan is um is available to you uh no charge fin foundational financial planning um no obligation no fee. Uh so that includes kind of a a great snapshot and road map uh to your retirement plan. uh advanced planning which includes Roth conversions, tax planning. Uh we do ask for a client relationship there uh to help you with that and that is also no charge for clients and the same goes for estate planning. We have a digital planning estate planning partner uh help you get your living trust and other important documents completed. Uh also available no charge to clients. So we try to incentivize uh everyone to consider seriously becoming a client. We think that we uh offer a very compelling uh service um and uh and very very uh you know lots of value uh very very cost-effective uh on the investment management side and then things like annuities and market length notes and other strategies. So uh again if you’re interested please do reply to the invite um at the end of the presentation and we’ll set up a meeting.
Okay let’s talk about annuities now. Um so annuities our agenda here uh we’re going to go over what is annuity the different types uh kind of some misconceptions talk about taxation um a little bit about the you know sales practices in the industry and uh talk about you know how to look at your annuity if you have one or if you’re considering one. Uh how how to uh update replace your annuity get out of your existing annuity if that uh if that makes sense. and then who generally buys them.
Okay, so uh just quickly read off this definition uh in terms of what is an annuity. Annuity is just, you know, it’s a contract. It’s between you and the insurance company. Uh you put up money up front and then receive payments um either down the road deferred um or over a period of time. So again, that depends on the type of annuity. um you can receive an income stream last your whole life or you can um you know receive a lump sum down the road. Um there’s different objectives when it comes to annuities just like there are different objectives when it comes to portfolios. Um so there could be a growth objective, an income objective, uh you know a conservative uh goal, safe money strategy. Um so lots of different ways to use annuities. um three main reasons that people decide to include annuities as part of their overall uh portfolio maybe as part of their protective income. Uh number one um they’re tax deferred so you pay tax later unless it’s in a Roth account then you there is no tax as long as you meet all the requirements. U there is the opportunity for fixed returns. It’s a CD bond alternative. Uh so you know there are fixed returns available. uh the 10 year is over 5% now uh which is the benchmark for all uh interestbearing kind of securities loans things like that so um you know fixed annuity rates are on the high side and generally you know we can do better with a fixed annuity than we can with a CD so if you’re comparing CDs at line credit union or elsewhere uh we can almost always do better with a fixed annuity um but the term is generally 3 to 5 years so there is the opportunity potential for fixed returns there. And then an insurance company is the only kind of company that can issue an annuity um and provide income for life similar to a pension. A lot of pension plans, they outsource their um income uh obligations through insurance companies and annuitizing those payment streams. Uh so you have the opportunity income for life also.
So here’s some questions you know to think about in terms of uh you know should you buy an annuity think about it how can it fit into your financial plan you know one question is you know have you maxed out your 401k and IRA in terms of tax deferred savings. Uh so the nice thing about nudity is that it offers you an opportunity to um increase your tax deferred account. So, if you max out your 401k, you max out your IRA, um you could actually contribute to an annuity and um there’s no limit on a uh taxable account um with an annuity. So, you maxed out your retirement plan, but um you could also use an annuity, which is a um which is a retirement product, and uh increase your tax deferred uh balance as you prepare for retirement. The nice thing about annuities is that you’re not taxed until you withdraw. So there um unlike a CD, there is no 1099 issued on an annual basis if you have a gain. Um the 1099 is issued when you make a withdrawal. So um annuity is another way to kind of increase your tax deferred balance as you say for retirement as long as it’s in the budget. Uh so another option for you in terms of planning. Uh, another thing to think about is the income stability ratio, uh, your ISR. So, income stability ratio is calculated by looking at all of your, uh, guaranteed sources of income. So, that includes a pension, social security, um, and then also annuity payments. And then you know thinking about how much of your income is coming from uh stable secure guaranteed sources versus variable sources like growth in a portfolio um or or something else. Um so again annuity can supplement um you know your income stability ratio. it can add to your tax deferred savings plan um and you know again mitigate high taxes uh so that you’re withdrawing when taxes are lower or if you again want to add to your retirement savings so that um you have more uh more of a next nest egg as you think about retirement in your horizon.
So there’s different types of annuities um I’ll describe them really quick. So an immediate annuity uh is basically as it sounds it’s annuity that starts income um you know right away. You might have heard of a SPIA single premium immediate annuity. Uh so that’s kind of turning on income right away maybe next month and u and that might be for a certain set period of time like 10 20 years or could be lifetime. There’s also deferred uh annuities which provide either income or accumulation. Uh accumulation is another word for growth. And then in there the subcategories fixed, variable and indexed. So we’ll go through those three different types. But basically at this point in the presentation, you know, it’s a decision in terms of do you want income or do you want growth and then from there we decide what kind of annuity uh might provide some of those uh uh financial planning uh goals. When we talk about fixed annuities as I mentioned uh good CD alternative uh they pay a designated rate of return designed for people want to set aside money draw fixed amount of income maybe um again protected from m market downturns 100% downside protection um you again pay taxes when you withdraw the money in annuity and that happens whether it’s a taxable account or a retirement account um and then you have access at the you know to the funds Depending on the terms and conditions of the annuity, you could have a portion that’s available during the contract period or you could have the the entire amount available at the end of the contract period which is maybe 3 years or 5 years. And then uh you know we have to factor in uh taxes, early withdrawals, things like that. That’s part of the discussion. But that’s kind of uh you know fixed annuities. Again uh the main takeaway here is it is a CD kind of uh you know bond alternative. uh fixed annuity rates these days are kind of in the you know 5 and a half% area um guaranteed for you know a certain amount of time and uh can you know do a little bit better than a CD or um maybe US Treasury
variable annuities um that’s you know they they work basically as they sound they’re variable uh earnings are tied to other assets uh inside of a variable annuity sometimes they’re called sub accounts where you mutual funds inside of that variable annuity. Um, and they benefit or they kind of uh, you know, they grow uh with, you know, with the uh, the performance of the investments inside. Uh, they’re designed for people want to take advantage of both uh, you know, growth um, and maybe income because you can turn on income with some of these variable annuities down the road. Uh, really depends on your goal, the company, the terms and conditions. Um but variable annuities are designed for growth whether or not you have income uh goals and um um and you know that there also um you know some considerations in terms of you know how they work and the fees the potential fees that uh go along with them. We have some of variable annuities that are no fee no charge. Um the biggest category in there is called a RIA registered index linked annuity. uh we work with a lot of people who um you know who purchase a RIA um you know it makes a lot of sense in the right circumstances and then there’s the you know traditional variable annuity which has mutual funds inside of it um typically we’re not working with those very much anymore um even you know historically um I always thought that the costs inside of a variable annuity were kind of high there’s other ways to uh you know to achieve growth. Um but with ARIA uh which is a more current type of variable annuity um you know that you know we we’re getting a lot of um benefits on the cost side because um you know can be uh no fee uh some of these products can be no fee and then um you know the other benefits that they have in terms of growth opportunity and downside protection. So that kind of summarizes in a quick nutshell variable annuities and again if uh you know you’re you’re interested to learn more about this uh category then then do please let me know.
The third category is an index annuity. Um so which is kind of a you know a a blended version of annuity. uh mixes some of the fixed attributes that uh are in a fixed annuity and some of the uh growth characteristics of a variable annuity. They’re often tied to an index like the S&P 500. Uh but uh the biggest distinction about an index annuity is that they are protected against losses usually 100%. Uh almost always 100%. And so uh a fixed index annuity again just like it sounds. a kind of fixed contract meaning that you um are guaranteed against any losses by the insurance company but it also provides the chance for growth. Um and that could be you know 6 8% per year really depends on the type of annuity depends on the performance of the index but it’s kind of a good in between version of uh an annuity. Uh it’s for a little bit more conservative investors. Uh people who don’t want to um lose money but have the um the time frame to uh let the annuity uh work do its thing. And index annuities are typically 5 years or 6 years sometimes 7 years. Um so uh all three of these categories of annuities they have the same attributes you know um death benefits uh they have deferred taxes available and then um again that 1099 uh exposure when you withdraw.
So again kind of think back to you know where we should uh position annuities in our portfolio if we want to learn more about them or decide that this is a good part of uh the overall financial strategy you know decide on you know whether we’re looking for kind of fixed returns or growth related returns and then from there um you know understand you know fixed indexed variable um characteristics whether or not um you know one or the other makes more sense and then you know think about income and whether or not that should be a component of the overall financial strategy of the retirement plan. Uh you know again um looking at income versus other sources which might be pension rental income uh dividend income uh fixing uh you know um uh fixed income portfolios uh all of the above.
So let’s talk about uh some misconceptions and ideas here. Um I you know even today 2026 talked to lots of people that kind of had this impression that annuities are bad, the fees are high, the holding periods are long, the insurance company’s going to kind of uh try to run away with the money. Uh so um you know in UDI’s uh you know my take on the whole sector these days again in 2026 versus 20 30 years ago you know uh my honest opinion is that they’ve changed a lot um they are really um different than they were uh just like many technologies are um again versus 20 30 years ago. So if you had this idea that annuitity is bad um and somebody told you that I would really you know challenge you or suggest you kind of do your homework and you know credit to you for signing up for today’s discussion um cuz you know I do meet a lot of people that still have this idea but um you know that we’ll talk about the fees and the holding periods in a sec um but they have really changed a lot the amount of financial innovation that has occurred in the insurance industry is kind of very impressive they have a lot of PhDs he’s working for them these days and they know that they’re in a competitive marketplace and they know that they have to um you know clear the hurdle in terms of folks like me. Um so you know they have to get through you know my my practice first before they kind of get to a client opportunity uh because annuities can only be sold through agents. And so um you know that’s forced them to be more competitive um you know more innovative and you know the products that we recommend these days are actually quite impressive in terms of you know how they work and the value that they provide um and also their cost effectiveness. So again something to consider not for everybody um but something to consider. Here’s a fee schedule of what the fees used to look like and this is certainly not something that I would recommend. um when we add up all the fees alto together and this is why annuities kind of got a bad reputation uh because they weren’t you know they weren’t a good deal um a long time ago or if you come across annuity like this today um it’s really hard to overcome fees of you know 3 and 1 half to 4%. you know, blending in mortality and expense ratios, sub account fees, which are mutual fund fees, rider charges, um you know, anytime you get to 3 4%, it’s hard to make money. And so we um never recommend something like this. Uh if you come across it, my suggestion would be to give me a call. Uh probably decline um you know, that opportunity because this is way too much in terms of fees to be paying. Um but you can see all the different categories of fees. me and sub account rider charges and they can add up. If you have an annuity today, make sure that you understand what it’s costing you and because it’s really going to impact the performance. Add up all these charges. If you need help calculating all these charges, more than help more than happy to help you kind of think through this and calculate those. Um so again, um you know, if you got one of these legacy older type of annuities, it’s definitely time to consider a replacement uh because these fees are too high. Um, again, just on this topic, you know, I’ll reinforce it. Today’s annuities, um, uh, without an income writer, uh, most annuities that we’re recommending are no fee whatsoever. So, think about it. That’s 3 and a half to 4% that goes in your pocket versus kind of paying for benefits. Riders, which, uh, you know, another word for rider is basically a benefit. Uh, so whether that’s on car insurance or home insurance or in an insurance product. Um so you know my goal u I believe investor goal should be kind of to be aware of their fees reduce them and uh as much as possible in order to get good value. Let’s talk about the holding period surrender charges. So um with annuities um remember it’s a retirement product it’s in a retirement product category. Um there is a commitment period, there is a holding period and if you um cancel the contract, if you cancel the annuity early, there are surrender charges and penalties. Um this is no different uh in my mind at least from a IRA or 401k. Uh IRA and 401ks when you make a contribution there is definitely a commitment period. Um you’re not allowed to take uh money out of your IRA or 401k until you’re 59 and a half basically. um you know there’s some rules around that with a workplace plan if you’re still working there but generally the the idea is that uh until the age of 60 basically you can’t take money out of your IRA or 401k you know people are contributing for decades and they know the deal going in there’s a 10% penalty that IRS will charge you if you withdraw that money sooner and so you know again annuity is a retirement product um there is a commitment period there’s a holding period and if you um withdraw money early then you’ll pay uh a penalty. These uh contingent deferred surrender charges CDSC fees they’re different depends on the company depends on the strategy the product you know could be as high as 8% and then they decline typically over time. So here’s an example of a 5year CDSC starts at 5% by the fifth year you’re at a 1% penalty and after the fifth year um then there’s a zero penalty. you can totally walk away penalty-free. So, that’s how these uh holding period surrender charges work. Uh but keep in mind also that typically again in 2026 um you know insurance companies have had to be more innovative and and competitive most insurance companies and again 99% of the time with us um there is a 10% annual free withdrawal amount that’s available to you annually. So set another way if somebody puts in example $100,000 to annuity they have 10% uh which is $10,000 available to them as a free withdrawal no penalty annually. So um you know there are ways to get you know funds out of the annuity um after you purchase it if unexpected you know expenses come up. Uh but typically you know and I always recommend this always want to think about this with clients is that you know this is a longerterm strategy this is the money that you want to set aside for 3 years 5 years 6 years and that you won’t need to tap it. Um so if you need the money if you need the liquidity then we’re going to go in a different direction. We’re not going to go towards an annuity. Um and we’re always going to respect those holding periods. And that’s why it’s so important to have a financial plan so that you know uh and can think about what your guidelines are, time frames, and uh make sure you’re on the same page with you know both spouses as to when you need might need these funds.
Here’s the third part of the uh kind of misconceptions that we sometimes hear. You know, the insurance company’s going to take all the money and uh and run away with it. Uh so um you know again a long time ago um you know 20 years ago um really differs with the insurance company. Um there were some you know products that were what’s called annuitized and uh it was kind of like a pension. You know if the um if the annuitant passed away um the insurance company would uh keep any remaining balance. Uh so uh that certainly kind of uh left a a bad reputation with with some of these strategies and that you know word got out. Um so the insurance companies they did change um you know nowadays uh there’s typically always a death benefit. Um people rarely ever annuitize um and you know depending on their income needs you know there’s different terms and conditions but uh you know the takeaway from this slide is that there is almost never where the insurance company runs away with your money. If somebody purchases annuity uh almost always at least the one the products that we recommend almost always a death benefit. Uh so you might get you know back a portion of what you put in if you pass away prematurely. Um but again you know this is another misconception to be aware of and to understand that the landscape has changed and uh and like I said before like every technology um when it comes to your 401k your IRA you know the money managers inside there um insurance products these things have all changed quite a bit in the last 20 30 years. Um, so it’s important to keep on top of all the information and innovation. We talked earlier about taxation. So again, annuities are tax deferred. No annual 1099, not until you withdraw. Um, you benefit inside of a annuity from triple compounding, which is earnings on your principal, earnings on your earnings, and also earnings on the taxes that you are not paying. And then if you want to replace an annuity that you have today, um it can actually that transfer can be tax protected. You don’t have to pay tax when you go from one annuity to another. Uh we utilize what’s called a 1035 exchange, which is an annuity to annuity exchange, and you’re tax protected by doing that exchange. So that’s a way to kind of keep your tax bill down until you actually need to withdraw the money. Uh but again, swap out your old annuity which might have uh high fees or might not be working for you or uh not generating the return that you’re looking for. Uh change it out of that old uh annuity strategy into a new annuity strategy and keep that tax protection status uh for any gains that you have there.
Really quickly, here’s kind of a hypothetical comparison of tax advantage vehicle versus a taxable account. So, where you’re paying taxes annually. Um, so no surprise, year 1 through year 2025, um, you obviously have a lot more inside of a um, you know, tax advantage vehicle versus a taxable account. Um, and so the the compounding, the triple compounding really takes effect over 10, 15, 20 years. And you could see these numbers in comparison. Uh so by year 20 uh tax advantaged um you know you’re looking at 739,000 for initial investment of 200,000 uh versus 487,000 again benefiting from all that triple compounding. So most of us are aware of this kind of math uh but it’s uh worth reinforcing.
uh that that chart was based on an 8% return and u some other factors and fees uh but just gives you an example.
So again you know the insurance companies one thing to remember and we all realize this um you know they are in a for-profit business they are looking to kind of uh reap a rate of return return on assets return on income for all of the activity and hard work that they do and uh that’s the case for any service or product that we purchase. Um, so just, you know, remember that the CDSC fees, M&A fees, riders, investment fees, those are all ways that they make money. Um, but they’re not always part of every single annuity uh that’s out there. And uh, you know, the annuity companies are the insurance carriers are basically looking uh for a positive return on their investment. Otherwise, they wouldn’t be in this business. Uh, but that’s certainly not a reason to avoid them. Um, you know, that’s the case with uh lots of different mutual funds, money managers, and other approaches to saving for retirement. And so, um, you know, as long as the fees are reasonable, the insurance companies deserve to be compensated. Um, and then, um, you know, you deserve the benefits inside of these strategies. Also, you know, sometimes uh uh insurance agents kind of uh offer a complimentary dinner, dinner, seminar at a a nice restaurant. Um if you do attend one of these, um just give you heads up that you want to be um just want to be smart going in there. Ask good questions. um you know realize that um it is a sales presentation and um um you know just ask good questions and um don’t be kind of swayed by a nice presentation. Do your homework, get your financial plan done. Make sure you’re working with somebody you trust. U if you hear anything like uh you know double in 10 years um you know ask how that happens. It doesn’t mean it’s not possible, but you know, be aware of high fees, be aware of long surrender periods for sure. You know, typically, you know, greater than five or six years. Um, ask about commissions. Uh, we disclose all of this information up front. Uh, you’ve got your own smell test, you know, when it sounds good to be too good to be true. Ask better questions, ask more questions, and be convinced. You know, that’s how I approach every conversation. you know, I you know, first I have to be convinced and then anything that I recommend. Um, you know, I make sure that I’m working with the client to have a good one-to-one discussion. Um, so ultimately they’re convinced that there’s value there also. Uh, so you do, if you do attend a presentation, uh, just go again in there, um, aware of all the kind of, uh, uh, you know, issues with that sales discussion. If you have an annuity, I would be happy to review that with you. No obligation. Um my my main goal is to think about your financial plan and uh make sure that the asset allocation, financial strategies that you have inside of your uh all your accounts, retirement and taxable accounts make sense for you. And if there’s a chance for an improvement, um then, you know, we talk about that and and see if uh we should implement that. Uh again, uh if you have an annuity today, give me a call. be happy to help you with that. Uh again, I’ve said a few times, but annuities have changed dra dramatically over time. Um there’s a big emphasis on growth and um accumulation products these days, and they do work. um you know I’ve seen people do very well over five or six years um and uh you know uh see see a lot of growth in their accounts um you know and with all the other benefits that come with annuities you know for in for instance downside protection uh protection against losses those can come from fixed annuities from rias from other products um so it’s worth kind of doing your homework and uh seeing if this is a good fit uh again the fees have come down significantly. Um, you know, gone are the days of those 3 4% fees. Uh, these days, um, no fee is typically 0% fee is typically the rule of thumb. And then, uh, the only place people are paying for fees is in an income writer. Um, and that kind of makes sense, um, in most circumstances. Uh, but those fees need to be reasonable also. Um, so again, you got 1035 exchange options available to you. And then again, you know, do your homework. Do that cost benefit analysis.
This is a nice summary. So again, if you’re looking for tax deferral, fixed rates, growth with downside protection, could be 20, 30% downside protection. If you’re looking for income, the death benefit, you know, you want to get some credit protection potentially depends on the state you reside in, u you know, this can come from an annuity. Um, you know, I heard a really interesting, uh, quote today. Uh, so I get a lot of research coming from money managers. I thought I’d share this with you. Um, you know, we’re at recent market highs and, uh, a lot of people are concerned about whether or not there’ll be a correction. And, uh, this statistic I thought was really interesting. Um, you know, basically over the last 20 years through like February 2025, so about the last 20 years, seven of the S&P 500’s 10 best trading days came within 15 days of the 10 worst. So, we’ve got again, seven of the S&P 500’s 10 best trading days came within 15 days of the 10 worst. So seven out of 10 times uh the market snapped back so quickly that it was hard to capture that gain. Um so you have to be real nimble and really quick and most people um financial adviserss included aren’t really equipped to uh reverse course within 15 days. So this I thought was a tremendous reminder of why it makes sense to stay invested even though there are some bad days out there. Um and you know the the volatility that we see in the market it’s kind of the price of uh um you know the price of uh being invested uh but you know another great expression that I heard once um you know volatility um is the toll it’s not the exit. So, an annuity can be a great way to keep you invested. Um, you know, go through uh the downside protection, understand how that might work for you, but it can be a great way to stay invested um to add diversification to your portfolios and give you some of these other benefits.
Again, uh annuity might be right for you. It might not be. there are many many instances where annuity is not the good choice. Um so you know that’s best covered with a you know a one-to-one discussion. Um but if you want to supplement social security if you feel that your longevity is in your family you’re going to live a long time if you want to re reduce risk on your part of your portfolio. Um, those are all reasons to consider one. Uh, and then we’ve talked about being, you know, the expense side, hidden fees, high commissions, uh, holding periods, CDSC fees, confusion. Um, after today’s discussion, you’re halfway there in terms of understanding how these annuities works. Um, so it’s important to boil these down into simple concepts so that we can utilize them um, in our financial plans.
So that brings us to the end of our presentation. Um thanks for for listening. Um again this is our value ad. You know talk about financial planning all the different components. Talk about completing your personalized financial plan. Um and then also estate planning coordination. Again we’ve got access to investment portfolios, annuities, dividend portfolios, passive active strategies. The list goes on and on. So, um, you know, there’s a financial plan that’s right for everybody and it’s just a matter of thinking through the different options, uh, with a trusted advisor. And then here’s a quick snapshot of our estate planning. Uh, so trust and will is our digital estate planning partner. Uh, they can, uh, provide, you know, a great platform service to get your, you know, living trust completed, your will, your power of attorneys, uh, all completed at no cost if you become a client of ours. So, I manage the estate planning dashboard. Uh, I basically send you a link. You get 100% discount if you are a client of ours and then, uh, you’re off and running. Uh, it takes about, uh, 2 hours or so to complete this process. Tremendous saving versus going to an attorney. Uh, but if you’re more complicated, then I would advise you go see an attorney. you know, if you got complicated family issues or, you know, real estate or complicated questions, international topics, um then it’s best for you to go see an attorney. But if you got a simple estate plan like most of us do, 90% of the people I work with, then um this service with Trust and Will works very well.
Okay, here um here’s my contact info. Uh that brings us to the end of our presentation. I’m going to launch the poll so you have a chance to set up a meeting with me. Uh so again, if any questions um if um you want to talk about financial planning, get your financial plan done, your estate plan done, um open door uh available to you uh to to get all that completed. So hope to hear from you and uh would love to work together. With that, um I’ve got the chat open. I’ve got the um uh the Q&A open. I’ve got one question so far. Uh so please do uh you know put in uh enter some questions in the chat or in the Q&A and I can uh do my best to answer them and it can be on any topic. Uh happy to talk about almost anything. Um again other financial planning uh or investment topics uh whatever is on your mind.
Okay first question. Um, can NUD be a good choice to provide income for a child who needs support? Uh, does not qualify for government support or special needs? Um, isn’t likely the choice. So, disability or Medicaid, um, special needs trust isn’t likely a choice. Um, so, uh, possibly, um, you know, there it’s on a case- by case basis. So this annuity can be uh structured different ways. Um in this situation it can be providing income you know through the uh the parent or the person um who purchased the annuity u and then funnel through to the child. In some situations there can be um you know a child depends on the age of the child. There are some rules around the age of the child um that we need to verify. I would investigate it. Um especially when you know there there’s a need for income. Um but this annuity might be you know supplementing other sources of income too. Might be other types of strategies. Um okay so the person’s uh thank you for the update. The person’s 20 years or older. So they’re basically an adult. They’re an adult child. Um so that’s good. Um and part of this depends on the annuity company. Um so when you know annuitants are uh younger we’d have to look at like ownership issues uh versus the annuitants which can be two different people. Um and then also whether or not the estate planning uh is a factor component for this. So I would say the answer to the question is it’s possible. Um we don’t get this question a lot u but it’s worth investigating. Then, you know, in these situations, we always bring on our our advanced planning team to help um anytime it gets comp a little more complicated. In this case, I would kind of bring on an advanced planning team. Um, and I’ve got lots of resources for that to help you, but it’s worth investigating uh just to make sure that you’re thinking about income uh providing income for this uh for this person down the road. Okay. Any other questions in the chat um in the Q&A? Let me just scroll through here. Um, kind of a quiet group this time. Only one question. I’ll give you a minute to think about things. Um, like I mentioned, we’ve got those other webinars coming up. Uh, so if you’re interested in kind of, uh, just financial planning in general, uh, Roth conversions, uh, you know, please do join us. Um, you know, the the, you know, I’ll leave you with this idea. Um, you know, the markets are always changing. You know, we can see again the 10-year uh these days is above 5% which um um is quite of a quite a threshold to go through. We’ll see what happens in terms of whether or not it stays there. But, you know, planning for uh you know, different market scenarios over the next 3 to 5 years is an important part of the investment management process we all kind of you know uh have as part of our retirement planning. So uh would very much encourage you to kind of think that through and uh think through all the topics and again whether or not annuity is right for you. Um so uh again things are always changing, products are changing, money managers are changing and you know it’s a full-time job for me just to keep up with all this stuff and to uh you know be a fiduciary and pass on all this information to my clients. Um so um you know I would offer that also for you to consider uh you know make sure you’re you’re planning accordingly and holistically and and uh you know adding all those different things um into your financial plan. Uh you know with retirement planning um you know another tidbit offer that I would give you is that um you know some things remain the same. they’re evergreen. Uh but some things change and so it’s just understanding the difference between the two. Uh got one more question here. Uh so thank you for that. Um person’s asking, can you look at my existing annuity? I think I wanted to roll it over to something else. Um yes, please. Um would be uh really excited to work with you on that. Um so if you uh I’ve got your name. Um, so we’ll uh schedule a meeting and kind of look at your your annuity today. Uh, see how it’s performed, see how the uh what the fees inside of that annuity look like and compare it to another alternative and that could be another annuity or a different strategy. Uh, but yeah, that would be great. Thank you for offering that. Uh, we’ll set up a meeting and uh just review that uh that current annuity.
Okay, I think that’s all the questions for today. um
question. Oh, somebody just asked um you know, can is there a link to review the webinar again? Uh so, uh this is a good question. Uh we do not record these webinars. Uh sorry about that. We do have some recorded content. Um we’ve got some YouTube videos. we have um you know our podcasts but we use these webinars more as you know an opportunity to introduce topics in financial planning and encourage people to give us a call. Um so they are very introductory. We want to make sure that uh when people consider these these strategies that you know we’re working with them and we could you know provide our full advice and counsel. Um so we encourage a one-to-one meeting. Um and again there’s no obligation. Uh so I’d be happy to go through all this information again with you um so that you you you know you get the update or you could catch the the webinar once again. We have a recurring cycle on these topics. You can look on our calendar. Um there’s other advisors that provide uh these webinars um on annuities throughout the country. Um so if you’re on the West Coast, you can catch one of theirs and then kind of you know review things uh you know give me a call again whenever you’re ready. Um and uh and you know that way you can get an update. So sorry that we do not provide the recording. Um uh I know there’s a lot of content available but uh just you know the way we kind of want uh want to work with folks is uh have a one-to-one discussion. Okay, I think that’s all the questions. So again really appreciate participation and uh and all the nice questions. Thank you. Uh have a great end of the week and look forward to seeing you next time. Take care.