Posts by Colin Gerrety, CIMA®

Post Archive

Variable Annuities: How to Get Out of a Bad Annuity

In my recent article, I discussed some of the common drawbacks of variable annuities.  The hefty fees, misleading guarantees, and tax treatment can put investors in an uncomfortable spot. But what do you do if you own a variable annuity and have buyer’s remorse?  There are a few options to get out of a bad…

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Variable Annuities: 3 Reasons Your Annuity Is A Bad Deal

Variable annuities are one financial product we rarely see clients purchase on their own.  The initial purchase is almost always done at the urging of a broker who earned a commission on the sale, with promises of guaranteed returns and protection from market risk.  Unfortunately, those returns and protection may end up benefiting the insurer…

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Implementation: Avoiding Common Estate Planning Mistakes

You met with your attorney.  You signed a will, trust, or beneficiary designations that direct your assets in the manner you want.  But there’s still one key piece missing – titling your accounts correctly, updating your beneficiaries, and following through on implementing your plan. One of the common misconceptions when working through an estate plan…

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IRS tax scams, phishing, and how to protect yourself

You just returned from a busy day at the office, when you receive a threatening voicemail.  Your caller ID says it’s the IRS, and someone filed a fake tax return on your behalf, wanting to claim your refund. They ask you to call back with your Social Security number to verify your identity before discussing…

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