Jack Phelps, founder of The Relaxing Retirement Coach, shares his thoughts on why he believes annuities are grossly oversold
Wellesley, MA – October 17, 2016 – Jack Phelps, founder of The Relaxing Retirement Coach, a Retirement Coaching company, recently published an article on his website (http://www.theretirementcoach.com) explaining the nuts and bolts of annuities so you aren’t sold something you don’t want or need.
In his article titled “Do You Know What You’re Buying?”, Jack Phelps writes, “What they discovered was they couldn’t withdraw any more money from their annuities without paying a 12% surrender charge to the insurance company! On the $325,000 they need to withdraw, that’s a charge of $39,000 that can’t be recovered later, and it’s not tax deductible.”
The Relaxing Retirement Coach, Inc. provides their members with the ‘missing structure’ they need to make a seamless and relaxing transition to their retirement years so they can confidently do everything they want to do without worrying about money. Their Relaxing Retirement Coaching Program™ provides members with a personalized, one-on-one retirement coaching relationship with constant attention to each and every detail necessary for them to consistently enjoy a relaxing retirement experience.
The entire article can be found at http://www.theretirementcoach.com/articles/do-you-know-what-you-are-buying-3.php
To learn more about The Relaxing Retirement Coach, Inc., please visit http://www.theretirementcoach.com.
About Jack Phelps
Prior to developing The Relaxing Retirement Coaching Program™ back in 1994, Jack spent five years as a registered representative with Prudential Financial Services. In 1992, he received his Chartered Financial Consultant designation from The American College in Bryn Mawr, Pennsylvania. In 1989, Jack graduated from Holy Cross College in Worcester, Massachusetts with a B.A. in Economics.