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
[email protected]
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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What is an Annuity

When the word annuity is spoken, many investors are not even sure of what is being discussed. They have heard of annuities, and perhaps attended seminars where annuities were discussed. But if you were to ask most people, what is an annuity, you might get wrinkled brows if not blank stares. So, the first question is always, “what is an annuity?” Simply put, an annuity is a financial account that can be used for 401k and IRA rollovers that are issued by legal reserve insurance companies. More specifically, life insurance companies. Health insurance companies and car insurance companies do not issue annuities. Only life insurance companies issue annuities.

Five years ago, many people who are buying annuities today or transferring into annuities with their 401k, 403b or IRA plan, would never have thought of an annuity. But today, things are much different. The artificial stimulus to prop up the stock market is not fooling anyone. Banks are making more money than ever, but are still paying zero on savings accounts. The fed wants more investment in stocks, but in growing numbers, retiring baby boomers are discovering annuities, especially hybrid annuities. Its not surprising that baby boomers would want a retirement vehicle built especially for them that would guard them from stock market losses while garnering a share of upward markets. Baby boomers want everything all the time. So a financial vehicle that is short on guarantees and long on promises will not do. Hybrid index annuities are long on guarantees and low in fees, a pleasant and welcome combination in today’s financial environment.

What kinds of annuities are there? At the most basic level, there are four kinds of annuities: fixed, variable, immediate, and hybrid annuities, which combine some of the most popular features from all annuities. Remember, annuities are financial accounts issued by legal reserve insurance companies designed to provide security in retirement. Fixed annuities are like savings accounts. Variable annuities are like mutual fund accounts, immediate annuities start paying an income immediately, and some annuities—known as “Hybrid” annuities—combine all of these benefits in one multi-purpose vehicle. So when you ask, what are annuities?… you will find many answers. The most important task is to find which kind of annuity gives you the most peace of mind and helps you achieve your income goals now and in the future. Annuities are built for the long run and have never failed in more than 150 years of history. In fact, the first annuities were offered in 1720 by the Presbyterian Church for ministers, and in the early 1800s by John Hancock Life. Today, millions of Americans enjoy the benefits of annuities.


Retirement Kit

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Steve Jurich Book

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