Category: Deferred Annuities

ATTORNEY NEWSLETTER Deferred Annuities – What to be aware of There are a number of ways that insurance companies use to convince elders in to purchasing annuities. Sometimes it is a broker-dealer or an insurance agent who contacts you, offering a free-lunch, free financial advices or financial services for a […]

Transamerica, Fidelity and Guarantee, and Gambling with your Life ATTORNEY NEWSLETTER There’s a reason Life Insurance is considered a safe bet. For over a century, these policies have been among the most carefully regulated in the financial world. Insurers like Transamerica, Allstate, and Fidelity and Guarantee are obligated to have […]

ATTORNEY NEWSLETTER San Francisco Annuity Fraud Attorneys Explain Why the World is Turning on Annuities What’s going on with annuities? It seems like annuities are suddenly at the center of a whirlwind in the financial industry. A scathing report by Senator Elizabeth Warren, a story in Forbes: just what is […]

ATTORNEY NEWSLETTER Why We Can Hate Annuities We can hate annuities because the broke-dealers sale these financial products even though these investments could be harmful for the customers. Indeed, the broke-dealers do not have any legal obligation to give the best advice in the interest of their customers. Furthermore, they […]

ATTORNEY NEWSLETTER Income inequality between older women, luck or fate? The New York Times wrote an article about income inequality between two older women but with two different stories. Everyone thinks retirees do well, spending their money on gifts and presents for their grand-children, on travelling, at events and on […]

ATTORNEY NEWSLETTER It’s tempting to see retirement saving as a viable way to get big returns off Wall St. investment, to provide a hefty sum for potential medical costs, caretaking, and passing on to the next generation of your family. But the cost of big returns is big risks, and […]

ATTORNEY NEWSLETTER An increasing number of seniors have been adding risky financial products to their retirement finances, guided by so-called “elder financial planners” and other shysters looking to make some money out of seniors’ life savings. One of their methods is to sell retirees a deferred annuity. The idea is […]

ATTORNEY NEWSLETTER Finra, the Financial Industry Regulatory Authority, has decided to give financial advisers the authority to circumvent rules on trade execution when they believe that an elderly client is being manipulated or financially abused. Till now, there was no way of stopping a transaction carried out by unscrupulous relatives […]

Fidelity Doubles Down on Deferred Annuities ATTORNEY NEWSLETTER Fidelity Investments is stepping up their inclusion of deferred annuities as part of retirement planning. Their move follows a record year for deferred income annuities, with sales at nearly $3 billion, up 22% from the previous year. As sales skyrocket, the only […]

ATTORNEY NEWSLETTER Though long overdue, the field of Elder Justice just got a new playbook. Prepared from a survey of hundreds of stakeholders, funded by the Department of Justice and the Department of Health and Human Services, and compiled by top experts in the field, the Elder Justice Roadmap lays […]