Yearly Archives: 2016

ATTORNEY NEWSLETTER State Farms and the Life Insurance Landscape Though it may not be immediately apparent to consumers, the insurance and annuity markets are in constant flux. Sometimes, the changes may take place at a somewhat glacial pace. 2016, though, has been a year with a number of major shifts […]

ATTORNEY NEWSLETTER Revised Rewards Guidelines Issued by the IRS The IRS has the unenviable job not only of collecting taxes, but of following up and investigating businesses and individuals that try to avoid paying their fair share. The investigative effort this requires is staggering, and as a result, the IRS […]

ATTORNEY NEWSLETTER By Steve Baker Bogus IRS Calls Have you received a call from a bogus IRS agent imminent legal action or that they are sending a squad car to arrest you? If you are one of the rare people that has not yet gotten one of these calls, just […]

ATTORNEY NEWSLETTER Retirement, 401(k) Accounts, and Annuities Although many consumers and seniors have heard of annuities, it’s not always obvious how prevalent they are in other financial products. Many “senior financial advisors,” claiming to offer specialized products and services for the elder population, try to sell bespoke blends of various […]

Variable annuities are often marketed as a good investment product because they are supposed to provide an opportunity to invest, as well as tax advantages and a death benefit which gives beneficiaries at least as much as was paid in.  Unfortunately, many people who buy variable annuities discover that the […]

In 2014, total annuity sales in the United States reached $235.8 billion. Variable annuity sales accounted for more than half of total sales, with sales of variable annuities bringing in $140.1 billion.

Ingrid and the members of the Consumer Attorneys of California met with Senator Leno as he prepares to leave office, in order to thank him for his support and assistance in protecting consumers.

ATTORNEY NEWSLETTER One of the major avenues by which elder abusers get money from their victims is through the sale of fraudulent investments and securities. While the most reported cases of elder abuse may involve physical violence or tawdry familial misdeeds, financial abuse be investment advisors and financial professionals may […]

Bedsores As seniors age, one factor that is likely to play a large role in their health is limited mobility. Many of the elderly suffer from conditions such as arthritis or osteoporosis, or have to undergo treatment that requires extended bed rest. They may be confined to a wheelchair or […]

ATTORNEY NEWSLETTER Hybrid Long Term Care and Annuity Policies We’ve written before about the risks that long-term care policies and annuities can pose to seniors. All too often, the policies fail to live up to their inflated marketing materials, leaving seniors trying to make up a shortfall in their income, […]