iXray Annuities

QLAC – 101 the basics

QLACs were in a design and regulatory definition phase for a while.  There are many reasons to consider a QLAC (Qualified Longevity Annuity Contract).  The regulations and guidelines were finalized and released in July 2014.

QLAC 101 the basics

In a nutshell, a QLAC allows the owner to shelter part of the IRA from required distributions.  When an IRA/401k owner reaches the age of 70 1/2 they must start taking distributions.  If they don’t need the money they may want to put that money into a QLAC.

QLAC annuity analyzerIf they want to ensure they never run out of money, this *might* fit.  It is likely that another annuity will be a much better fit.  Then the question becomes, which annuity is best.  Well, that depends on several factors.  W use something sophisticated, it is called math & logic, to analyze what is the best fit for each client.  Call and ask to speak with one of our annuity analysts.  We don’t share nor sell your information – you will only ever have one person to speak with from our company.


If you would like for us to help you determine what is the best fit for you, call us.  We can assist you for free or maybe a small fee, if you prefer.


Annuity Issues

Annuity Issues – I subscribe to these interesting emails from an “insurance only” financial planner.  He sends out emails with these zingers for subject lines.

Here are a few samples:

“This could double your retirement income*” — What is up with that asterisk?

“Odd comparison”

“I hate to tell you this”

“Questions about your Variable Annuity”

“Compare Annuity Rates & Earn 20-40% More Potential Income”

“How to Legally ‘Opt Out’ of Federal Income Taxes”

“Don’t Sweat a potential sell-off, just plan for it”

“7 Key Facts About Annuities”

“Bad News”

“Hurry – Take your money and RUN!”

These are all very creative email subjects for someone who only knows one product.  That product is an annuity, he *may* have many to annuities he can write.  The question is which one does he write overwhelmingly?  Why?


On a brighter note – we only include annuities if the math make sense.

With both eyes open we can see the hidden agenda’s in people’s messages.  Napoleon Hill created a list of questions to ask yourself about who wrote the content.  The basic point is to understand the intention.

My intention is to inform people about their options – holistically.  That is we address five key elements to an effective financial future.  Once you are educated, you can make your informed decision.

Imagine you are working with someone who knows one product, say a hammer.  What will that person sell you?  Hammers and nails.  If you worked with a person who knows hammers, screws, staples, glue, etc – they will help educate you on the use of each tool. Then you buy the best tool for the job currently before you.

* Oh, that asterisk.  It is likely some CYA about the products being protected by insurance companies, the the FDIC.  Oh well, we disclose everything as our accountability is that of the fiduciary standard (the highest of all financial standards).

Features of Indexed Annuities

These features of Indexed Annuities might include the following features and benefits, depending on your unique situation and goals:

Guaranteed* lifetime income (possibly better than you thought!)

…that can potentially be up to 100% tax-free (restrictions apply)

…for you and your spouse (duh!)

…with potential to increase with market upturns (Intrigued?  This is one of the best hedges against inflation)Features of indexed annuities

…but without exposure to market downturns (I’m intrigued, how can they do that?)

…with potential to double or even triple monthly benefits for qualifying “healthcare” conditions**

…plus you might leave money for your heirs***

…for less than you thought you’d spend (Hmm, not sure what the cost is, actually.  There is no fee to buy one!)

…and typically for .5-1% fee  (Income riders may assess a fee)

We’d welcome the opportunity to earn your business.  We don’t sell or share your information with anyone.  We *HATE* spam even more than you do.

Disclosures (more apply, depending on the product and state where the contract is signed/issued):
* Yep, you read that correctly.  What is the catch, disclosure would be the word.  This is subject to the claims paying ability of the insurance company.  This is NOT backed by any Federal Government Guarantees.
** Very restrictive in California.  Each state’s regulators approve or disapprove of these benefits, therefore what is available in your state will vary by product and company.
*** Frankly, we focus on you, not your heirs.  If planning for your heirs is important, let us know and we can locate the best option for you and your heirs.