Smart Is The New Rich is the indispensable retirement guide to winning financially in the "New Normal." All-time low interest rates mixed with all-time high stock markets have put retired investors and those near retirement into the cross hairs of history. Experts agree: The markets can rise, but something has to give at some point. Where will you be when the music stops? In retirement, there are no "do overs." Smart Is The New Rich reveals your risks, considers the alternatives, and helps zero in on practical solutions.
Published by: IQ Wealth Press
Date published: 03/29/2013
Edition: 1st
ISBN: 098905389X
Available in Paperback
IQ Wealth Management
Financial Advisor
Steve Jurich, Retirement Coach, Wealth Manager, and Founder of IQ Wealth Management, speaks more like a favorite professor than an insurance agent, or even a retirement adviser. Unlike the breed of annuity agents who use pressure tactics and tired lures like “free steak dinners” to gain captive audiences, Jurich’s priority is creating more informed consumers. He takes time to make sure his clients understand the range of options available to retirees so they become better educated investors on the whole. That investment of time is a significant one for Jurich (pronounced “Jur-itch”), but he believes the results his clients see in their portfolios speak for themselves. It’s been said that “knowledge is power,” and when that knowledge is applied wisely, Jurich believes it can lead to a desirable destination: lasting wealth. Besides his role as a Wealth Manager (, Jurich is a leading expert on Hybrid Index Annuities and Index Universal Life Insurance ( . He is the Editor-in-Chief of, and host of the popular radio show, Journey to Wealth, on Money Radio. His company, LYON Pension Group, specializes in defined benefits and profit sharing plans for business.
7702 E Doubletree Ranch Road, Suite 300
Scottsdale, AZ
United States
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480-902-3333 is a privately owned website published by IQ Wealth Management, an accredited member of the Better Business Burueau with an A + rating. Owner and founder Steve Jurich is a Certified Income Specialist™ who has been counseling retirees since 1994.
7702 E Doubletree Ranch Road, Suite 300
United States
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Do Annuities Make Sense For Retirement?

If you are approaching retirement age, you may be wondering about the best way to invest your money to prepare for a solid financial future. Do annuities make sense for retirement? What are the benefits? At My Annuity Guy, we want to help folks who are about to retire understand what annuities are, and why they may want to consider this type of investment as a way to prepare for solid, enjoyable retirement years that bring you peace of mind.

Simply speaking, an annuity is a complement to stock holdings, and not a replacement. There are various types of annuities which are basically a contract between you, the retiree, and an insurance company licensed in the state. This contract is designed to provide sustainable income for up to two individuals, and may be as simple as a set interest rate for a specific number of years, or indexed.

In an economy that is anything but certain given the changes to health insurance coverage, providers, and even Medicare and Medicaid, older individuals who are at or approaching retirement age have good reason to be concerned. Whether they will receive retirement benefits or a pension from an employer along with social security, or have other sources of income, knowing that you will not be working for the next 20 or so years but that you will have to provide for yourself and perhaps your family is a frightening proposition. You can invest in stock, bonds, mutual funds, and other products – but making the decision what to invest in can be unsettling and even frightening. Are annuities a good choice for retirement?

If you fall in a high-income tax bracket, investing in annuities definitely makes sense. If your IRA, 401(k) or other tax-advantaged investment vehicles have maxed out or if you have the financial resources to set aside for your retirement years, definitely consider annuities for their tax-favored growth—whether inside or outside of your IRA!

The future is anyone’s guess, given that more and more people are becoming self employed and must provide for their own retirement. Unlike in the past, employers are not providing pensions. Instead, they are forced to put their money at risk to try to achieve income goals. Things are definitely questionable, and unfortunately, many wonder what will really happen to their lives when they enter retirement.

So, what are the benefits for folks who choose to invest in annuities?

Annuities are the anti-dote to uncertainty in retirement. No pension? No problem. The right annuity can guarantee a reliable retirement income that cannot be outlived. But choosing the right annuity depends on your priorities. Basically, there are fixed, fixed indexed, and variable annuities. Because annuities are similar to tax-deferred retirement plans, investors will face a penalty if they withdraw money before they reach age 59 1/2. However, if the annuity is held outside of an IRA, the up side is that annuity owners are not required to begin taking minimum required distributions at age 70 1/2, as with many other tax-deferred retirement plans. If the annuity is held inside the IRA—a growing trend—the income from the annuity typically more than satisfies all minimum required distributions, putting that issue on “automatic pilot” with a permanent and simple solution.

As mentioned earlier, owning an annuity is recommended for individuals who have contributed the maximum allowed into other retirement plans.

Annuities may possibly be beneficial when an individual files bankruptcy, and needs to shelter other investments.

Perhaps most important of all, annuities provide a lifetime income guarantee for those who would feel safer knowing that income will be coming in month in and month out, without the fear of running out.

Essentially, individuals who are facing retirement and who fear they may outlive their income enjoy peace of mind, as an annuity is an insurance policy on your income, offering stable protection even in a downturned market.

There are several tax benefits of investing in annuities as part of your retirement plan. Annuities can replace the bond component in your overall asset allocation. Experts now repeatedly warn of the risk and danger in safe sounding bond mutual funds and ETFs, which are vulnerable to principal loss if interest rates in the general economy rise. There are instances in which you may gain some tax advantage, such as in the case of individuals who have high-yield bonds or portfolios with other inefficient assets or substantial turnover. In addition, you will only pay taxes at the time you actually take a distribution, which puts you in control of when you pay taxes.

To learn more about the various types and categories of annuities and whether an annuity would make sense for your retirement, contact the dedicated staff at at (888) 310-1776. You will receive confidential and professional assistance without sales pressure. As Accredited Members of the Better Business Bureau, you will always be treated with respect and courtesy.


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What people are saying about SMART IS THE NEW RICH,

an Amazon Best Seller in 3 categories
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Must read

I'm a Certified Financial Adviser and if I didn't run my own company I would join this guys'. Seriously, it's a must read in today's new financial reality in fact….I'm handing these books out to many of my clients for free, it's THAT important! Thanks Steve, I hope to meet you in person one of these days.
Yuerg E.

Yuerg Eichmann March 17, 2016

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Must read for retirement planning

"Smart Is The New Rich" is a great overview of the many facets of retirement planning. It has changed my thinking about how much capital I have versus how much income I will have in retirement. The book provides easy to understand, side by side comparisons of risks and growth of hypothetical investments in Hybrid Fixed Indexed Annuities and the securities market. A good read and great reference for retirement planning for all age groups!

William Thomas March 17, 2016

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Straight talk about retirement strategies

The SMART thing to do is buy this book, read it, tell your friends, and keep it handy for future reference. It is an easy read, interesting, clearly written, and full of valuable information. "Smart is the New Rich" gives a practical, no-nonsense approach to the "de-accumulation phase" of investing, and is helping me sort out my retirement plan. Of particular interest is the clarification of the strengths and weaknesses of the various types of annuities. Although the charts and graphs are a bit small in the book, the Kindle version allows expansion of the text and therefore easy to read. If you are nearing retirement, and seeking a reliable and sustainable income for a lifetime, I highly recommend you read this book!!!

Carol March 17, 2016