Thursday, May 19, 2016

Maui, Cabo or Sicily...Choose Your Annuity Incentive!

Ever wonder what's behind those annuity recommendations? Here's a taste.

I've posted a few of the potential trips that annuity producers can take this year and next for selling fixed annuities.

Do you want to goto Maui? Just sell $3.5 million in annuity premium and you'll get a stay at the Ritz-Carlton! Even better, if you sell enough you could take a trip across to the next island, Lanai for three more days. Here is a video from American Equity about what an agent can expect.

You can also check out their website:

Perhaps Maui and Lanai are to far away, maybe you'd like something similar, but a little closer to home and with an advantageous exchange rate. Los Cabos, Mexico is behind door number 2! Amernican National will send you and a guest to The One and Only Pamilla resort.

Perhaps beach destinations aren't up your ally. Maybe you want a little more culture. After all, whenever one things of an annuity salesperson they think "cultured"! Well, LSW (National Life Group) has all the culture you can handle with a trip to Sicily.
Next time someone is pitching you an annuity, ask them about their compensation and what trips it might qualify them for (then watch their face turn white). This shit needs to stop.

These companies must be good because they have America or National in there name...good grief.

Scott Dauenhauer, CFP, MPAS, AIF

Teachers: Stop Replying To These Postcards

My wife gets a postcard in the mail at least every sixty days from a company that won't give its name,but the return address is "California Pension Administrator" and is located in Sacramento.

Tuesday, May 17, 2016

Friday, May 13, 2016

Dan Otter Webcast on Finance For Teachers Network

In April, Dan Otter ( joined Dave Grant for a webinar hosted by The Finance For Teachers Network. Here is the video:


Scott Dauenhauer, CFP MPAS, AIF

Tuesday, May 10, 2016

Upcoming IRS 403(b) Webcasts

Accumulated Sick and Vacation Pay Deferred to 403(b) or 457(b) Plans
June 2, 2016 - 2 p.m. Eastern Time

IRS Presenters:
Lori Stieber, Revenue Agent, Office of Federal, State and Local Governments 
Patricia A. Regetz, Revenue Agent, Office of Federal, State and Local Governments 

Learn about:
  • When is accumulated sick and vacation leave pay subject to Federal Employment Taxes
  • When can taxes be deferred and for how long?
  • What is an elective contribution?

Understanding the Universal Availability Rules in a 403(b) Retirement Plan
May 19, 2016 - 2 p.m. Eastern Time

IRS Presenters:
Bob CreMeens, Senior Program Analyst, Office of Employee Plans 
Mary Lou Bailey-Funk, Senior Internal Revenue Agent, Office of Employee Plans 
Reese Scripture, Senior Internal Revenue Agent, Office of Employee Plans 

Learn about:
  • Basic universal availability rules
  • Treatment of adjunct faculty at universities
  • Treatment of part-time, seasonal, and temporary employees
  • The 20 hours per week and the 1,000 hours rules
  • Controlled group situations and concerns
  • Mayo ruling on medical residents and its impact
  • The required notice to employees each year
  • Ways to find, fix, and avoid universal availability errors