Pension Release: Annuity Sales

by Pension Release by Pension Forecast

Ruth asks…

What is the total dollar value of annuity sales per year?

Pension Release by Pension Forecast answers:

There are only 2 reasons to EVER put money into an annuity.

1. If you are maxing out your 401k contributions each year as well as IRA contributions and your looking for another tax-deferred vehicle to save for retirement.

2.You are retired and you want guarenteed income life take a portion of your savings, not all of it maybe 1/3rd and purchase an immediate annuity which will pay you a certain amount each month until you die.

Once again these are the only two reasons to EVER purchase an annuity if an advisor tells you otherwise they are lying to you, and are only after a comission check.

Charles asks…

dean cipriano annuity sales system…does it work?

Pension Release by Pension Forecast answers:

Anyone who conducts a search for “dean cipriano” will bring up some 240 search results which simply state: “The annuity is a scam!”

Good luck!

Mark asks…

stefanos loisou-annuity sales?


Pension Release by Pension Forecast answers:

Wow, not much to go on here:;_ylt=A0geu5x4C11G2fEA9k9XNyoA?p=Stefanos+loisou+annuity+sales&ei=UTF-8&fr=yfp-t-501&x=wrt

Try contacting some local or national investment professionals to locate what you’re seeking.

David asks…

If a mutual fund is sold, then purchased back within an annuity, is it considered a wash sale?

I want to sell a position, then purchase an annuity and allocate all the proceeds into the same fund within the annuity. Can I take a tax loss, or is that a wash sale?

Pension Release by Pension Forecast answers:

Interesting question. I do not know the answer. An annuity is not “substantially identical” but the IRS is the final judge on that question not you and not I. The same question arises in selling one S&P500 index fund at a loss and replacing it with another. The IRS might very well consider them substantially identical.

Are you aware of the tax consequenses and additional fees associate with annuities? Annuites are not taxed the same way that mutual funds are taxed. All gains from annuities are taxed as ordinary income although it is deferred.

Betty asks…

What is the best online source for annuity and life and health leads?

How much did it cost, and how much did you close the sale for?

Pension Release by Pension Forecast answers:

Check out They offer real-time leads for life, health, homeowner’s, and auto insurance with a replacement policy for the occasional “bad” lead. They now enhance their life and homeowner’s insurance leads with data from First American Financial, so you will have a better handle on the prospect’s home size, value, lender, and other specifics, so you often can prepare a quote before you call.

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