By Bill Broich I have been writing about and watching with great curiosity how the government moves more and more to control most aspects of our lives. The sheer ignorance of the new DOL proposal for new “rules” show a completely deftness towards how we as citizens would even consider living our lives. Their definition of Read more >>
By Bill Broich Win the low interest rate war with this easy and safe approach to retirement planning. Planning for retirement? Confused about what to do? Should you leave your assets in growth mode or are you ready to run to safety? These questions have no real right answer, the solution depends on your situation Read more >>
By Bill Broich Recently, a well-known financial columnist suggested that annuities were a “foolish” choice. He went on to make several points to build support for his position and to gain attention for himself. This person makes his living by being contrary, by suggesting the normal way of business is not accurate. He does it Read more >>
By Bill Broich At a speech recently SEC Commissioner Luis A. Aguilar suggested the need for more federal government oversight for the annuity industry. Not the variable annuity industry that the SEC currently regulates but the annuity industry managed by each individual state Department of Insurance (DOL). His decision was based on the amount of Read more >>
By Bill Broich Finding a competent annuity salesperson is not especially easy. The reason is simple, for many advisors or agents, annuities are a secondary business. Agents specialize in life insurance, long term care insurance and only handle annuities as an add on. Finding a real expert about annuities requires interviewing agents and asking questions. Read more >>
By Bill Broich It hasn’t even been that long ago women could not vote in America. Not only that, there was a time when women were considered “property” of their husbands. In many parts of the world that is still the case. Fortunately, in America all are equal, well sort of. But guess what? Women Read more >>
By Bill Broich I like Halloween as do most people. I love to have the kids come to the door and “trick or treat” especially the little ones. They are so excited and so am I. Being scared is no fun ion real life especially the fear of the unknown. When we look at the Read more >>
Just a simple rate movement over time of 3% (3.25% discount rate) would reduce the actual value of all inforce US Treasuries by as much as 40% of their market value. Think what would happen if interest rates went even higher? Disaster would loom and trillions of dollars would evaporate if these assets were liquidated. Of course there would be a winner: the US Taxpayer. Treasuries would be replaced with a higher earning interest rate bond, but at a far less value a third of its market value of the original bond.
Just imagine someone saying to you: “Mrs. Jones, how would you like to buy a sugar loaf, this sugar loaf is very unique, when you add sugar to your sugar loaf, the sugar increases but you do not have to ever pay taxes on the sugar the sugar loaf earns. Plus the interest earned on the sugar in your sugar load is fully guaranteed and the sugar loaf itself is also guaranteed. ”
What is the actual definition of a senior? Does that mean old folks? Does it mean retirees?