Description
Managing market volatility and longevity risk are two well-known and highly visible risks easily defined. Less known or perceived risks may include, fee-drag, tax-drag, provisional income tax calculations that determine how much Social Security income is taxable and the MAGI income tax calculation that determines the Medicare Part B Tier cost a retiree pays for Medicare Part B premiums. Advisors who grasp the knowledge of how annuities may vary and how they are taxed differently will be more powerfully equipped to use these tools to help mitigate avoidable tax and cost-drags for retirees. Moreover, advisors who dismiss annuities or focus only on performance yields may miss the boat on significant benefits annuities may provide to their retiree portfolios. Testimonial: “Annuity products and complexities are greater than I understood. The beneficial outcomes available through annuity use is worth learning more about and incorporating into retirement planning strategies.”
Learning Objectives
In this one-hour webinar you will: 1. Improve your knowledge about the best and worst uses for annuities; 2. Learn how annuities integrate with taxes, protection benefits, while mastering words to educate and contrast; 3. Understand the “Basket of Products” approach with integration of other portfolio products; 4. Explore how annuities may enhance and optimize a retiree’s portfolio; 5. Define critical elements for advisors for better product selection and ultimate client satisfaction; 6. Dissect a variety of tax classes that may be represented by the household income and asset balance sheet; 7. Discover how annuities have a variety of potential tax implications, (i.e. LIFO, FIBO®, & FIFO); 8. Discuss the ethical and powerful concepts of annuities.