A variable annuity is a taxdeferred retirement vehicle that allows you to choose from a selection of investments, and then pays you a level of income in retirement that is determined by the. If you sell variable annuities, this is a great resource. 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 myths surrounding variable annuities. Truth about variable annuities debunking myths by john huggard. Huggard also wrote the book fifty reasons why variable annuities are. 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. 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 most surprising communication was from an actuary in minneapolis. If you withdraw 4% of the benefit base every year, which. Huggards book, as some readers will recall, was never sold in retail outlets, was written for the industry, and is filled with errors. The paperback of the the truth about variable annuities debunking the myths.
Variable annuities offers an summary of all of the related elements of variable annuity va merchandise from an insurers perspective. They come with myriad fees and charges, including mortality. John is a retired university professor who taught law and finance courses at north carolina state university for thirtytwo years. In 1971, john huggard graduated from the university of north carolina at chapel hill with an undergraduate degree in economics phi beta kappa. Variable annuities come with tax advantages, but they can be expensive.
Ideally, you should max out your contributions to your 401k and ira before putting money in an annuity, of any kind. I have written three posts on living benefit variable annuities over the last. Huggard author of investing with variable annuities. John hancock annuities performance annuitynote portfolios. Get johns book and get some information about living benefit annuities. Jun 08, 2012 such is the case with the truth about buying annuities by steve weisman, published in 2009. 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. John p huggards response to my questions on living benefit.
The truth about annual variable annuities by john p. William reichenstein examines huggards book variable annuity watch columns mr. He is an attorney and lecturer at bentley college in the department of law, tax, and financial planning. Huggard is the author of investing with variable annuities 4. John huggard is a much sought after nationally recognized speaker on the topic of variable annuity sales techniques.
A variable annuity may pay a higher return than a fixed or fixed indexed annuity. He is the author of several financial magazine articles and books dealing with variable annuities. My last post guaranteed income for life for baby boomers showed a video of distinguished professor john huggard enthusiastically promoting the benefits of living benefit variable annuities. John was named a north carolina super lawyer by the charlotte city magazine in 2007 and was named a top u. John huggard, a retired law professor who now consults on variable annuities, believes gmwbs are the most important personal financial innovation since the introduction of. John was named a north carolina super lawyer by the charlotte city magazine in 2007. The disadvantage of variable annuities, in dollars. His two most recent books discuss investing with variable annuities and. John is currently the senior member of a raleigh, north carolina law firm that was founded in 1975. John p huggard s 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. A nationally recognized speaker on the topic of variable annuities. John p huggard publisher 1 work 0 ebooks investing with variable annuities john p.
According to the national association of variable annuities, fifty five percent of all variable annuity assets are in ira rollovers and qualified retirement accounts. Pages can include considerable notesin pen or highlighterbut the notes cannot obscure the text. Librarything is a cataloging and social networking site for booklovers. What he has done with this book is nothing short of a miracle. In new york, john hancock annuities are issued by john hancock life insurance company of new york, valhalla, ny 10595. 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. John received his undergraduate degree and law degree from. Pages are intact and are not marred by notes or highlighting, but may contain a neat previous owner name.
Investing with variable annuities fifty reasons why variable annuities may be better longterm investments than mutual funds. Click to read more about the truth about variable annuities. Fifty reasons why variables annuities may be better longterm investments than mutual funds paperback june 1, 2002 by john p. He taught law and finance courses at a major university for thirty years. Variable annuities dont belong in retirement plans. John hancock annuities are issued by john hancock life insurance company u. Annuity products and guaranteed income brighthouse financial. John is the author of several financial magazine articles and books. Variable annuities also involve investment risks, just as mutual funds do. Fifty reasons why variables annuities may be better longterm investments than mutual funds, which can be purchased at a lower price at. He documents everything with citations and exhibits. The truth about variable annuities debunking the myths john huggard on.
Such is the case with the truth about buying annuities by steve weisman, published in 2009. Venture iii variable annuity provides increased flexibility for your retirement strategy, john hancock annuities service center p. Im sure you have read or heard that variable annuities are bad. John hancock variable annuities are distributed by john hancock distributors llc, member. The truth about variable annuities debunking the myths by. Dispels the many myths about variable annuities and provides valuable tax data. He exposes about 40 myths and sets the record straight.
Fifty reasons why variable annuities are better longterm investments than mutual funds by john p. Variable annuities will present an summary of all of the related features of variable annuities va merchandise from an insurers perspective. Investing with variable annuities by huggard, john p. Fifty reasons why variables annuities may be better longterm inv 1st first edition paperback jun 16, 2002 paperback.
Its a assortment of contributions from a number of authors, coordinated in such a means that it covers all related areas with minimal overlap and a constant degree of element. Will probably be a set of contributions from a number of authors, coordinated in such a method that it covers all related areas with minimal overlap and a constant degree of element. Miraculously, 100 percent of his errors work in favor of variable annuities. John huggard is a sought after expert witness in securities cases and a nationally recognized speaker on the topic of variable annuities. If you want to withdraw money within the first few years, youll be socked with a surrender fee of, typically, between 5%. Variable annuities charge surrender fees, too, which can be substantial. Variable annuities are one of the most expensive financial products in the marketplace. Deferred variable annuities are longterm investments.
He explains in great detail all about the false assumptions that people make about variable annuities and how these lead to inaccurate conclusions. An attorney, college professor, and prolific author, he is the goto guy for investment annuity information, including tax calculations. Dispels the many myths about variable annuities and prov. 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. I believe they should be given serious consideration as part of any baby boomers retirement pension plan. The disadvantage of variable annuities, in dollars uexpress. The accumulation phase during this phase, you make purchase payments, which you can allocate to a number of investment options. What he has done with this book is nothing short of a miracle he has made annuities understandable. Nov 15, 2011 john huggard, a retired law professor who now consults on variable annuities, believes gmwbs are the most important personal financial innovation since the introduction of the mutual fund in the 1940s. From 1975 to the present, johns practice has been centered on estate planning, taxation and securities litigation and appeals. John p huggards response to my questions on living. Aug 19, 2003 huggards book, as some readers will recall, was never sold in retail outlets, was written for the industry, and is filled with errors.
Dec 18, 2003 william reichenstein examines huggards book variable annuity watch columns mr. John has been interviewed or quoted in the wall street journal, smart money, usa today and other financial publications. John huggard is a sought after expert witness in securities cases and a nationally. Variable annuities a basic guide missouri secretary of state. Buy a cheap copy of investing with variable annuities. If you want to know all about investment annuities, read any of john huggards books, or go to one of his seminars. John received his undergraduate degree and law degree from the university of north carolina at chapel hill and his masters degree from duke university. He is the author of several books including two on variable annuities. His two most recent books discuss investing with variable annuities and debunking the. The truth about variable annuities debunking the myths by huggard, john a copy that has been read, but remains in excellent condition. Isnt that what we all hear from the financial press on a regular basis.
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