Category: 2014

SPIA Purchasing: Are you sure you want to wait for higher interest rates?

  Regarding SPIAs, I know the normal emphasis is on interest rates but, when SPIAs are “mortality based”, paid on the stipulation you remain alive, mortality and mortality discounts become much more important factors in the decision of when to purchase vs. the speculation of an interest rate increase from these ultra-low levels down the road. Take the following example of 100 males all age 65 who purchase a lifetime…

Gays and Lesbians: Maximizing SPIA RMDs for Survivor Benefits

While traditionally married couples receive Federal tax benefits not all gay and Lesbian couples are so fortunate. There are still 20 remaining states that don’t recognize gay marriage. The Defense of Marriage Act (DOMA) finally died on June 26, 2013 under a 5-4 US Supreme Court decision declaring section 3 (restricting U.S. federal interpretation of “marriage” and “spouse” to apply only to heterosexual unions) of DOMA unconstitutional. Following this in short…

Reversionary Annuities

Individuals seeking to replace lost social security, pension or wage income at the death of the recipient in favor of their beneficiary will find a reversionary annuity a most capable product. However, it’s difficult to find much written about reversionary annuities. They are not covered in annuity technical literature because they are really life insurance policies. Reversionary annuities derive their name from what they do not from what they are….

New Podcast Interview

David Macchia's Outstanding Advisor Podcast S01 E04 - Gary Mettler | Outstanding Advisor Podcast #004 >LISTEN HERE<