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Commonly marketed as a Life Insurance Retirement Plan, it's important to know that using life insurance as an investment strategy can have severe drawbacks. In these plans, a substantial amount of your client's premiums are usually applied toward policy fees, the cost of insurance, and commissions. Essentially, it can take time for the savings account to start gaining value, especially for people in their fifties or sixties.
Likewise, annuities, specifically indexed annuities, need to be structured correctly with proper products and insurance companies for them to have performance and keep pace with fixed annuities. Even though some might have expensive fees, comparatively they are less expensive overall when compared to life insurance.
While both should be considered in your client's long-term financial plan, it's imperative to understand the differences and how each might play a role.
Learning Objectives:
- Identify differences between life insurance and annuity policies
- Define the fees and expenses to consider
- List taxable withdrawals subject to either FIFO or LIFO
- Determine how to use qualified retirement accounts with both
- Contrast an indexed annuity versus an indexed universal life product
- Evaluate manipulated illustrations and a better buying experience
Carlos Dias Jr.
Dias Wealth
Founder and CEO
[email protected]
(407) 801-2244
Carlos Dias Jr. is the founder and lead advisor at Dias Wealth, a financial advisory firm headquartered in Lake Mary, Florida but working with clients nationwide. With a deep commitment to helping clients achieve their financial goals, Carlos brings extensive experience in investment management, tax planning, estate planning, and asset protection. His expertise spans a diverse clientele, including business owners, retirees, lottery winners, and professional athletes.
Carlos is known for his fiduciary approach, ensuring that all advice and recommendations are made with the client’s best interests in mind. He emphasizes transparency and collaboration, working closely with clients to develop customized financial strategies that align with their unique needs and aspirations. Under his leadership, Dias Wealth has earned a reputation for excellence and trustworthiness in the financial advisory industry.
Carlos’s expertise and engaging speaking style have made him a sought-after speaker at various CPA societies across the United States. His presentations often focus on innovative tax strategies, retirement planning, and asset protection, providing valuable knowledge to accountants, attorneys, and financial professionals. Carlos is known for his dedication to educating professionals on complex financial topics. His ability to simplify intricate financial concepts has earned him a reputation as a trusted educator and advisor.
Carlos is a proud recipient of the CPAacademy.org Top Presenter award for both 2022 and 2023.
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