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Safety for the Long Term

Mike McGlothlin   |   April 2023   |   0-minute read
Case Study Header: Safety for the Long Term

The Story

Our advisor came to us with a client, Russell, looking for guarantees. He had money on the sidelines and was interested in putting it somewhere safe.

The Problem

With reinvestment comes risk. Instead, the client was interested in the high rates currently being enjoyed by annuities. He was interested in locking in those rates and guaranteeing income for later.

Client Profile

  • Male, age 70
  • Has more than $3M sitting on the sidelines
  • Wants to protect the principal
  • Needs to diversify taxes

How it Works

Russell’s advisor worked with Ash Brokerage to offer a solution that hit his goals. He purchased a 7-year single-premium deferred annuity. Taxes aren’t due until he starts taking money out, and he was able to lock in a guaranteed rate.

The Result

Russell used $1M to fund his 7-year SPDA. He was able to achieve all of his goals—his money is growing tax deferred at a guaranteed rate of 5.25%. The safety of his investment has offered the peace of mind he was seeking.

About the Author

Mike McGlothlin, CFP®, CLU®, ChFC®, LUTCF®, NSSA® is a bestselling author, industry-renowned speaker and expert in growth strategies for financial advisors.

Today as the Executive Vice President of Retirement for Ash Brokerage, he leads 65 direct reports who have grown the business line to one of the largest wholesaling teams in the Brokerage General Agency space.

As a professional guide, he can help any financial advisor looking to create exponential revenue growth, to find new clients and better streamline their operations by incorporating simple methodologies and proven models.