Variable Annuities Dedicated to Delivering Results

Variable Annuities Attorneys Based in New York

We Provide Seasoned Legal Guidance to Clients Nationwide

A variable annuity involves a tax-deferred retirement plan that allows investors to select a specific scheme that pays out a certain sum of income during retirement. This amount is determined by the progress of the selected investments as opposed to a fixed annuity that offers a guaranteed payout. If you have been involved in such an investment scheme, Weltz Law can provide insights from the legal perspective.

Our team is made up of experienced attorneys who have relevant expertise to help you get the deserving compensation for your retirement. Call (877) 905-7671 to schedule your consultation.

Benefits of Variable Annuities

Variable annuities do have their advantages in terms of taxes. However, they are much more costly in comparison to fixed annuities. An ideal situation involves an investor contributing the highest possible sum to their 401(k) and IRA prior to any type of annuity investment. A variable annuity also typically pays much more than a fixed annuity, but it may also pay a lower return depending on how the selected investment performs over a certain timeframe.

Shortcomings of Variable Annuities

Variable annuities are not a good investment choice if investors do not have any other emergency funds to sustain their immediate needs within the short term. Penalties, taxes, and insurance fees may also apply for early withdrawal of variable annuity funds. Variable annuities are known for their risks that are similarly found in investment products and mutual funds. The industry is also aware of how variable annuities lack of value and are most often than not, concealed in extreme complexities. Investors are usually blinded by guarantees of investment loss protection and tax gains, but they are unaware of the many investment nuances that are often left in suppression.

Misconception of Variable Annuities

Many Americans do not fully grasp the full concept of variable annuities which makes them easy targets of brokers who wish to take advantage of their trust. A variable annuity generally entails an agreement that is made between an insurance company and an investor. The agreement involves the insurer paying out a certain sum of money periodically starting from the commencement of the agreement or a specified date that has been agreed upon.

Variable annuities can be paid in a number of payments or in full and they comprise various investment options. The benefits involve differ from scheme to scheme which often get mispresented by brokers. Brokers usually sell high-commission packages with hopes of deceiving investors to believe a one-sided view of potential benefits. The main example is when brokers emphasize on the benefits of tax deferral but fail to brief investors on the fact that there are plenty of other cheaper options which also accumulate tax-free and how a variable annuity eventually rakes up higher taxes at the end.

Meet with an Experienced Litigation Attorney to Discuss Your Variable Annuity Case

Weltz Law has the necessary skills and expertise with regards to variable annuity investments. Our attorneys will be with you at every step of the way if you need to know about the available options to help you get out of the contract. We will also provide a suitable framework that will support your decision-making process after having factored in complex factors to let you be in full control.

You can call Weltz Law at (877) 905-7671 or via theform online to schedule a meeting regarding your case.

WHAT SETS US APART

Experienced & Effective
  • 30+ Years of Collective Experience

    Our attorneys have over 30 years of collective experience representing clients in all aspects of securities and commercial litigation.

  • Contingency Fees for Our Securities Law Clients

    We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.

  • Free Consultations

    We will assess the merits of your claims and help you decide on the next step.

  • Litigated Claims in Excess of $50 Million for Our Clients

    Our firm has successfully recovered over $50 million for our clients.

Testimonials

Word From Former Clients
    Calmly walked me through the process.

    “Due to his hard work, the hearing lasted less than 30 minutes with the judge dismissing the complaint.”

    - L.K.
    Successfully represented me in a number of matters

    “Attentive to every aspect of my matters, always available to speak with me, gave me great advice and fought hard for me every step of the way.”

    - I.S.
    Truly terrific in every way.

    “He cared, he was responsive, and he guided me through a difficult time with compassion and expertise.”

    - F.S.
    I could not recommend him highly enough!

    “He was there to talk me through any questions and concerns I had until we decided on the best option for me.”

    - Securities Industry
    Smart, cost-efficient, and gets results.

    “My go-to lawyer for arbitration and regulatory matters for years.”

    - B.D.
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