2015 Educational Workshop: Variable Annuities

Exploring the uses of Variable Annuities in Financial Planning
Bill Kriesel, CPA/PFS, CFP®, AEP®
Partner-in-Charge: B&C Planning Services
Managing Partner: Diversified Capital Management*
 
This presentation will focus on variable annuities with enhanced benefits.  Variable annuities are often disregarded as an investment product due to a few negative features of the product. As with all investments, however, both the negatives and positives need to be reviewed to determine if the product is appropriate for your particular needs.
 
The presentation will highlight the valid concerns about variable annuities, dispel some of the misconceptions and explain how a variable annuity can be used to meet your financial goals.
 
We will review, among other items, how a variable annuity can be used to:
 

• Have an insurance company guarantee lifetime distributions in retirement
• Have an insurance company guarantee growth in a guaranteed withdrawal benefit base amount**
• Allow for an opportunity to have market exposure, while protecting distributions from loss
• How a variable annuity can benefit you from an income tax standpoint
• How death benefit protection can leave a legacy for your heirs

When you leave this presentation, you will understand how variable annuities work, how they affect taxation and how their expenses are computed through the overall discussion, highlighted by five case studies to illustrate the uses of variable annuities to meet goals.
 
* Diversified Capital Management is a financial planning firm, securities offered through Cadaret, Grant & Co., Inc.  Member FINRA and SIPC, B&C Planning Services, LLC; Diversified Capital Management, LLC and Cadaret, Grant & Co, Inc. are separate entities, 110 West Fayette Street 5th Floor, Syracuse, NY 13202, with five planners offering a full range of security and insurance products.
 
**Guarantees are based on the claims paying ability of the insurer