Huggard goes over gifting of annuities in this book and i seem to recall that he cites relevant. Reichenstein is also critical of a book called investing with variable annuities parkerthompson, 2002, by john p. I havent finished reading the book completely, but even at a quick glance, ive been able to incorporate and position many of the ideas that john huggard points. The administration of decedents estates in north carolina mcmillian, 2 vol. We understand from the writings of john huggard, who publishes often on life insurance and tax subjects, that the irs has taken the position, see paragraph 2 above in chapter 28 of investing with variable annuities 12th ed. If you want to know all about investment annuities, read any of john huggard s books, or go to one of his seminars. One of the top annuity companies in the world, tiaacref, does a tremendous volume of annuity business with teachers, and now some products are available to nonteachers as well. The truth about variable annuities debunking the myths. Disinforming the public assetbuilder knowledge center. I have written three posts on living benefit variable annuities over the last month. John olsens guide to annuities for the consumer 2nd. So you need to be very cautious and thoroughly check out any living benefit variable annuity you are considering.
After my post, guaranteed income for life for baby boomers a friend send me an email about some of his concerns with living benefit variable annuities. Jul 23, 2002 the main reason he wrote the book, he says on page 1, is the misleading and inaccurate newspaper and magazine articles about variable annuities. His two most recent books discuss investing with variable annuities and debunking the. The disadvantage of variable annuities, in dollars. Ill also post book titles for you but i cant remember them off the top of my head, have to check the ol book shelf in my office. Not only is this a must read for anyone considering the purchase of an annuity, but should also be read by everyone who already owns a policy. Huggard is the author of investing with variable annuities 4. Dec 18, 2003 william reichenstein examines huggard s book variable annuity watch columns mr. What is marys asset allocation after the annuity purchase. I believe they should be given serious consideration as part of any baby boomers retirement pension plan. His two most recent books discuss investing with variable annuities. He retired as an alumni distinguished professor in 2005. A nationally recognized speaker on the topic of variable annuities. John is the author of several financial magazine articles and books.
The advisors guide to annuities 5th edition kitces, michael e. Timewise is the official publication of the cooperative superannuation society pension plan and is provided free. Full text of the irish law times and solicitors journal. Also, if your ira is currently in a mutual fund and you are concerned about the risk to your principal, an annuity is an excellent way to guarantee your principal with an opportunity for greater. Huggard also wrote the book fifty reasons why variable annuities are better longterm investments than mutual funds. Retired fulltime faculty member north carolina state university variable annuities and mutual funds the liquidity.
Baldwin is a nationally known speaker and writer in the areas of insurance and financial planning and the author of the bestselling consumer book on life insurance the new life insurance investment advisor mcgrawhill, 2002, as well as the complete book of insurance irwin professional publishing, 1996, and the lawyers guide to insurance. He taught law and finance courses at a major university for thirty years. Thorough analysis is provided of such issues as the different types of annuities, taxation of annuities, loads, using annuities for individual retirement funding, trust funding or estate funding, and other uses of annuities. John huggard is a much sought after nationally recognized speaker on the topic of variable annuity sales techniques. John p huggards response to my questions on living benefit variable annuities. John p huggards response to my questions on living benefit variable annuities october 12th, 2008 by david i have written three posts on living benefit variable annuities over the last month. Brynjolfsson, cfa, is managing director, portfolio manager, and. Panels new annuities answer book is the most comprehensive, uptodate resource available on both fixed annuities and variable annuities.
A good article which goes into detail about one way to use a charitable gift annuity in conjunction with a donoradvised fund and a irrevocable life insurance trust. John p huggards response to my questions on living benefit. I havent finished reading the book completely, but even at a quick glance, ive been able to incorporate and position many of the ideas that john huggard points out in my own presentations. Planning and investing with annuities kindle edition by mcquilkin, john. Oct 18, 2016 hickson of kerry kerry evening post 181917, wednesday, september 05, 1832. The disadvantage of variable annuities, in dollars uexpress. More controversy surrounding living benefit variable. Equity indexed annuities page 2 403b forum bwise forums.
Since reichenstein has been critical of huggard s calculations, i used reichensteins excel spreadsheet and assumptions to compare the mutual fund with. Miraculously, 100 percent of his errors work in favor of variable annuities. Full text of the irish law times and solicitors journal see other formats. Marys street raleigh, north carolina 27605 telephone 919 8322687 university data status. The beneficiaries of the trust are all natural persons. Download it once and read it on your kindle device, pc, phones or tablets. Moccia structured annuities 9057343055 109 division st l3b 3z8 9057327555 553 niagara st l3c 1l7 derk weins niagara alliance exchange inc 9057149174 225 e main st john green investment planning 9058447695 84 cornwall rd tenstar financial svc 9053383350 86 wilson st l6k 3g5. Huggard author of investing with variable annuities. How ordinary people built extraordinary wealthand how you can too, is based on the largest study of millionaires. Donoradvised funds, journal of financial planning, november 2003, pp. The worlds economists are printing money faster than lindsey lohan probation violations and are under the. Timewise is the official publication of the cooperative superannuation society. Use features like bookmarks, note taking and highlighting while reading annuities.
Variable annuities vs mutual fundsvariables claim victory, bank. He cautions that as with all things that look too good to be true, they may well be just that. Jun 01, 2002 i havent finished reading the book completely, but even at a quick glance, ive been able to incorporate and position many of the ideas that john huggard points out in my own presentations. John huggard is a sought after expert witness in securities cases and a nationally. Timewise is published at least twice a year by the cooperative superannuation society pension plan registration no. The best way to gain credibility and knowledge quickly, however, would be a designation. Aug 19, 2003 huggard s book, as some readers will recall, was never sold in retail outlets, was written for the industry, and is filled with errors. Huggard s work is filled with mathematical mistakes, conceptual errors, and deckstacking assumptions.
Huggard s book, as some readers will recall, was never sold in retail outlets, was written for the industry, and is filled with errors. Feb 02, 2010 i dont have it in front of me and i wont have time to go looking for it until after 0415 but see if you can find john huggard s book on 50 reasons why annuities may be better investments than mutual funds note i think thats the title. John huggard is a sought after expert witness in securities cases and a. Annuities guide to understanding annuities and profiting from annuities with strategies for selecting annuities and selling annuities including.
I decided to do some more research on john p huggard and found a couple of references that dispute mr huggards statements about lbvas. In 1971, john huggard graduated from the university of north carolina at chapel hill with an undergraduate degree in economics phi beta kappa. Huggard s work is filled with mathematical mistakes, conceptual errors and deckstacking assumptions. Most of huggards work has been vindicated, and, with permission, he. The truth about variable annuities debunking the myths john huggard on. His two most recent books discuss investing with variable annuities and. So i decided id write to john p huggard an authority on variable annuities and the author of investing with variable annuities and ask him to respond. Huggard, jd, cfp, who is very much in favor of variable deferred annuities. John is a retired university professor who taught law and finance courses at north carolina state university for thirtytwo years. Joing secnasd report on examination findings regarding. John huggard is a sought after expert witness in securities cases and a nationally recognized speaker on the topic of variable annuities. This january, the insurance annuity company issued a 1099r for the earnings in the annuity no different than had she actually.
Variable annuity and variable life insurance products collectively. John p huggards response to my questions on living. Annuity products are a safe and secure alternative and have interest rates that are better than most bank cds, savings accounts or money market funds. Nov 15, 2011 deductibility of variable annuity losses in connection with. I must express my disappointment in john huggard s article, 10 reasons variable annuity sales are soaring senior market advisor, dec. If you sell variable annuities, this is a great resource. John s new book john olsens guide to annuities for the consumer is a breath of fresh air in the unregulated sales environment that continues to cloud the annuity industry. Winston churchill, know for his many memorable quotes, once said, if you put two economists in a room, you get two opinions, unless one of them is lord keynes john maynard keynes, in which case you get three opinions.