Annuity Second Opinion and Review
Fee-Only, Financial Advisor offering Independent Second Opinion of Annuity Purchases
About UsNothing to Sell but AdviceClear Financial Advisors is a registered investment advisor based in Livonia, Michigan. We provide a menu of advisory services, from financial second opinions, investment management, tax planning, holistic financial planning, to comprehensive wealth management.As an independent advisor and fiduciary, we do not work as an agent of anyone other than our clients. While we can not sell insurance products, we can work with third party providers if you require independent insurance quotes.
- Secrets of Various Annuity Products
Traditional Annuities - Immediate and DeferredYour Grandparent's AnnuityOf all the types of annuities, these are the least sold by advisors.Yet, traditional annuities, where appropriate, often offer more income and more certainty than other annuity types.
Variable AnnuitiesRisky, conflicted investmentsThese products are sold with a promise of being able to control your investments, while having income guarantees.However, the investments in these products are high-cost, low-quality, and changed by the provider often.In addition to paying too much for the investments, these annuities offer low payouts on their benefits. The end result is high leakage from fees and clumsy spillage when compared to a personal income strategy.Individuals may do better by moving out of a variable annuity to a product that structures income streams better than many commission-based products.
Equity-Indexed AnnuitiesInvesting in a formulaThese products also promise a return based on a market. However, the actual yield of these products is simply a formula that is often capped as to how much you can participate in gains (though, loss months can wipe out any formula gains).And, the formula subject to change on the whims and profitability of the insurer.Past clients we have worked with have expressed more buyer's remorse over these annuities than any other. - Your Advisor
Robert Schmansky
Independent Financial Advisor and Michigan Licensed Life Insurance CounselorRob is an advisor with a background in holistic financial planning, and has helped individuals and families craft retirement income plans for over a decade.He is regularly quoted in the media, and his writing has been published by Forbes, US News & World Report, Yahoo!Finance, and FiLife (a former Dow Jones / IAC joint project).Rob is the 2013 Global Financial Planning North American runner-up, and in 2015 was recognized by InvestmentNews as a top advisor under the age of 40. - How We Do It
Specific Annuity Second OpinionAn independent opinion if your product is pointing you in the right direction.We get second opinions on most major financial decisions. The decision to purchase an annuity is no different. We will review your annuity proposal, provide written pros and cons of the product, and provide live quotes from alternative products and strategies from third parties and institutions.
Holistic Retirement Income MapA more comprehensive plan for retirement income.In order to be sure any product fits your needs, we offer a more comprehensive retirement income plan. Our plan looks at your income needs, tax strategies, overall financial plan, and recommendations for retirement investments.
