Annuity Rescue
Annuity Rescue- Salvaging Unloved Life Insurance & Annuities
Variable Annuities have a bad reputation. They’re known to be expensive, rigid, and often not worth the trouble.
You may have bought one early in your career and after some research, you’re looking for an alternative. Perhaps you purchased one as a security net for your family that you’ve simply outgrown and now would like to preserve your annuity tax-efficiently for future generations.
We can help with your annuity dilemma by looking at the costs and benefits of moving to a low-cost Investment Only Variable Annuity via a tax-free 1035 exchange.
1035 Exchange- How does it work?
1035 Refers to the IRS tax code section that allows for a a tax-free transfer of an existing annuity contract, life insurance policy, long-term care product, or endowment for another one of like kind.
That means that if you have one of these products that you’re not happy with, you can move into another one without taking a tax-hit. You aren’t “trapped” with a product you don’t like any more than you’re “trapped” in a 401(k) or IRA.
Working With Us
We manage Variable Annuities according to our principles of Fee Only compensation and Fiduciary care- that is, always acting in the client’s best interest. We do not sell Annuities, and are not licensed to sell any insurance product or collect commissions. We are happy to manage these accounts as part of a balanced approach to long term financial success where it is advantageous.
To us, one of the great benefits of the Fee Only model is that we can choose strategies and investment vehicles that make the most sense for the client without worrying about our own bottom line. Sometimes a Variable Annuity is a useful tool for tax benefits. For many of our clients, this will not be the case, and we have no reason to recommend them where unnecessary. Since we are compensated the same either way, we only recommend the strategy that will benefit the client most.
We’re pleased to work with Nationwide, as they share our commitment to transparency, informed investment selection, and managing investors’ long-term investment costs. Through them, we’re able to construct portfolios from many of our favorite Fund families, such as Dimensional Fund Advisors (DFA), Vanguard, T. Rowe Price, Third Avenue, and many more.
GET A HEAD START ON WORKING WITH US
Our Prices
Our prices are always transparent and straight-forward. Meetings, phone-calls, and implementation are always free.
Hourly Rate Financial Planning (Defined Ahead of Time as a Project)
All Comprehensive Planning as Part of a Managed Asset or Retirement Planning Arrangement is Complimentary
SEE A CASE STUDY
Take a look at a sample financial plan based on a detailed case study done by our lead planner, Victor Schramm, CFS®
Hourly Rate versus Managed Assets
Hourly Rate Financial Planning has been a specialty of Chaim Investment Advisors since our founding. The ability to pursue hourly rate relationships is one of the defining factors in our decision to be a fully independent firm.
Comprehensive hourly rate projects are best suited to investors who want a detailed framework for their financial future, but want to implement all of the advice offered by a financial planner by themselves.
This includes younger workers who want a roadmap to creating their financial future with detailed instructions along the way, but prefer to do all of the day-to-day portfolio management on their own. It also is popular with retirees who have a fixed income and more tightly financial parameters that needs little maintenance.
Of course, we work with our hourly rate clients on an as-needed basis: when new situations arise, we’re always happy to help with the next phase of your planning needs.
Financial Planning with Managed Accounts
For all of our Managed Asset clients- those clients who elect for Chaim Investment Advisors to manage their portfolios on an ongoing basis- all of the comprehensive financial planning we offer on an hourly basis is always free.
This includes our Workplace Retirement clients and Investment Only Variable Annuity owners.
Our Approach at a Glance
All financial planning services can be contracted as needed- there is no pressure to bundle more services than you need, and there is no minimum amount of billable hours required. We conduct a free introductory meeting to determine what services make sense for your situation.
We use a wide range of financial planning tools. For retirees and near-retirees, we focus on building and managing tax-advantaged pools of retirement income and long-term growth. For younger workers and small business owners, we focus on maximizing tax-deferral and risk-tolerance optimized growth.
Apart from managing and planning with Individual Retirement Accounts (IRA), SEP-IRA’s, 401(k)’s, and 403(b)’s, we also use Investment Only Variable Annuities (IOVA) for clients who can benefit from long term tax deferral on large sums of capital. We utilize 1035 exchange transfers with clients with existing Variable Annuities who can benefit from a flat-fee alternative to the higher fee and commission model of Variable Annuities.
To learn more about our unique approach to Variable Annuities, take a look at our IOVA page and Annuity Rescue page. For information on how we construct and manage portfolios for such vehicles, take a look at Our Philosophy page.
We take particular interest in assisting clients in selecting investment options that meet their needs as socially responsible investors (SRI). You can learn more about our approach to SRI at our page on the topic, or read more in depth on our philosophy on “where values meet value.”
BOOK YOUR INTRODUCTORY MEETING
Schedule your free introductory meeting with Chaim Investment Advisors online