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Two Rules | Rule #1 Do Not Lose Your Principal | Rule #2 See Rule #1

>> Frequently Asked Questions

J. Michael Stolp

J. Michael Stolp is Managing Member of CFO Solutions LLC, founded by Michael in 1991. CFO is a registered investment advisory and boutique financial planning firm with corporate offices in Scottsdale, Arizona. He is based and resides in Scottsdale. CFO specializes in the unique planning needs of doctors and the economic issues facing them.

1. What is an Annuity?

A fixed sum of money paid to someone each year, typically for the rest of their life. A form of insurance or investment entitling the investor to a series of annual sums. An annuity is a contract between an investor and an insurance company that pays out income and can be used as part of a retirement strategy.

Annuities are a popular choice for people who want to receive a steady stream of income during their retirement years. When you purchase an annuity, you have the option to receive payments on a future date or a series of dates. Payments can be monthly, quarterly, or annually in a lump sum.

2. What types of Annuities do you offer? There are 4 types of Annuities:

Fixed Annuity
> Fixed Indexed Annuity
> Charitable Gift Annuity
>**Variable Annuities

**CFO’s Financial Advisors DO NOT sell variable annuities because variable annuities put your principal at risk. Variable Annuities are tied to the stock market, both up’s and down’s, and are sold by stockbrokers.

3. What do you charge for your services?

CFO Solutions DOES NOT charge you a fee for fixed or fixed indexed annuity transactions. All services related to fixed or fixed indexed annuities are free and available to you. Our Financial Advisors are compensated by the insurance companies that supply the products we offer.

4. I don’t live in Arizona, can you still help me?

CFO Solutions’ Financial Advisors are licensed appropriately in nearly all states. Call us to find out if we can help you.

5. Is my money secure?

State insurance regulators require the insurance companies place money into reserve to meet their financial obligations and they are highly regulated by the state insurance boards. CFO Solutions’ Financial Advisors only work with the highest rated insurance companies by Standard & Poor’s and Moody’s.

For over 23 years, no client of ours who has ever purchased a Fixed or Fixed Indexed annuity has ever lost a dime.

6. Do Annuities have any tax benefits?

Yes. The money that you invest in an annuity grows tax-deferred. When you make withdrawals, the amount you contributed to the annuity is not taxed, but your earnings are taxed at your regular income tax rate.

7. What About My Existing Life Insurance Policies?

Oftentimes these previously existing life insurance contracts are very valuable, both for retirement spending as well as to provide funds for after mortality needs.

Also oftentimes these contracts are not optimized, not appropriate, not properly positioned, too costly or other problems.

CFO will provide a free review and evaluation of these previously existing life insurance contracts to verify their appropriateness, their design, their expense, etc. Many times it is possible to re-position or restructure these contracts hugely in your favor, including lowering costs, lowering premiums and/or increasing benefits consistent with your overall financial plan.