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About Finn Financial Group
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The Finn Financial Group is a full-service, specialty planning firm with a commitment to ensuring the long-term financial stability of its clients. We believe this can best be achieved through a stream of guaranteed , tax-advantaged payments carefully tailored to each individual's specific needs. Our diligent work has resulted in a long list of satisfied clients and a high degree of trust.
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Contact Us
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Finn Financial Group, LLC
260 Newport Center Drive, Suite 100
Newport Beach, CA 92660
Direct: 949.999.3322
Toll Free: 800.531.7466
Cell: 949.274.5485 Fax: 949.999.3375
E-Mail: Dan@FinnFinancialGroup.com
Website: FinnFinancialGroup.com
CA Insurance License: 0A96173
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Annuities Are The New Black
Safety of Principal + Modest Return = The New Normal
Fresh on the heels of last week's newsletter which featured the insights of Laura Tarbox, one of the nation's most respected and honored Certified Financial Planners and principal of the wealth management firm The Tarbox Group in Newport Beach (CA), I thought it helpful to share with you another article from the April, 2009 edition of Financial Advisor magazine that suggests other CFPs around the country recognize the value of fixed annuities as well.
In his article "Steady Eddy Annuity Bets," author Eric Rassmussen identifies a number of CFPs who have come full circle in their views of the annuities they once shunned. Among the comments and observations of the author and the financial planners interviewed:
- According to Beacon Research, sales of fixed annuities increased 60% over 2008;
- " . . . annuities have become the new black as people try to keep their kitties safe;"
- People are "no longer seeking outsized returns" but instead "have gotten religion and decided that a certain righteous austerity is in order - safety of principal with modest return;"
- One financial planner has increased clients' positions in fixed annuities and then uses the income streams to dollar-cost average back into the market (NOTE: This is an excellent strategy to employ with a structured settlement BTW!);
- One planner believes fixed annuities help clients achieve their number one goal: To not lose money!
While this particular article also discusses indexed annuities, a product our firm has yet to embrace for a variety of reasons, the comments specific to fixed annuities are ones we enthusiastically agree with. Since most of our clients are making decisions about funds stemming from the settlement of a personal, physical or nonphysical injury claim, safety and security are of prime importance. They cannot risk losing money.
Other noteworthy statistics about the market in this article that highlight how quickly fortunes can change. And how hard it can be to recover from the loss:
FACT: In 1930, the DJIA declined 51% (sounds a lot like 2008-2009 doesn't it?). It didn't rebound to its previous high until 1954 (24 years);
FACT: In 2000, the NASDAQ dropped from about 5,100 to 1,750 in a year's time. Today it's in the 2,400s and many believe it may never eclipse 5,100 for generations, if ever.
The long and the short of it is this: Great potential reward is not possible in the market without great risk. A careful analysis of risk tolerance is essential in designing any financial plan, including those using proceeds from a personal injury settlement. The Finn Financial
Group is eager to assist those for whom safety and long term financial security are of utmost importance.
We listen. We care. We're here for you. Call anytime we can help.
Thank you for the opportunity to be of service!
Dan Finn, CPCU, CSSC
Certified Structured Settlement Consultant
Dan@FinnFinancialGroup.com
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Our Services
 The Finn Financial Group provides customized, guaranteed future income options and ancillary services to a variety of clients throughout the United States. We pride ourselves on our commitment to the overall financial well-being of the individual. For a greater understanding of the services we provide, click on your area of interest.
For Injury VictimsWe provide structured settlements for victims of personal, physical and non-physical injuries.
For AttorneysWe help attorneys meet their due diligence obligations, create and analyze proposals, conduct educational seminars, attend mediations, and structure fees - without any charge or out-of-pocket expense to the attorney or client.
For Insurance CompaniesWe assist insurance companies and self-insured clients by providing structured settlement illustrations and present value analyses, helping to present offers, and consulting with claims management.
For Business and Property OwnersWe work with business owners, property owners, and those with certain other qualifying appreciated assets to defer capital gains in the selling process.
For Additional ServicesWe also offer life insurance, non-structured settlement annuities, retirement annuities, and much more. |
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