Few individuals have done more to educate the American public about financial scams than Jay Adkisson. As the creator of Quatloos.com, Jay has helped many thousands of people worldwide avoid being scammed out of many millions of dollars to various investment schemes. The U.S. Senate Finance Committee has twice called Jay as an expert witness on abusive tax schemes. As one of the authors of Asset Protection: Concepts and Strategies (McGraw-Hill 2004), Jay has similarly helped thousands of people avoid dubious asset protection schemes. In his latest book, Equity-Indexed Annuities: The Smart Consumer’s Guide, Jay gives a balanced and objective overview of this advanced form of fixed annuity to better educate consumers of the advantages, disadvantages, and the numerous product options that are available when considering the purchase of this popular retirement vehicle. This short guide covers all the most important issues that consumers should address before purchasing an equity-indexed annuity, including: How the minimum interest rate is paid, how the maximum return is linked to the stock index, and how participation rates and caps may limit returns.
How surrender charges may limit withdrawal rights for a period of years after the annuity is purchased, and why the annuity should not be purchased if the consumer will need the cash during this period.
How the annuity payments may be made, and what can happen upon the death of the annuitant.
How annuities benefit from tax-deferral, how taxes are paid upon withdrawal or when annuity payments are made, and tax considerations upon the death of the annuitant.
How the annuity and annuity payments may be protected from creditors in some states, and how in other states they may be protected by proper planning done in advance of claims. This guide should also give consumers the ability to intelligently answer the most fundamental question: Is an equity-indexed annuity right for me?
Jay Adkisson is an attorney and writer living in Southern California. Jay is famous for, variously, being the creator of scam-fighting website Quatloos.com, an expert witness to the U.S. Senate Finance Committee, and an attorney in difficult collection cases. A native Oklahoman, Jay is also known for his personal fight against eye cancer and his creation of Losteye.com to support others who have lost an eye to various causes, and is one of the few private pilots to obtain their license with only one eye. Groups as diverse as the American Bar Association and the the American Society of Plastic Surgeons have had Jay as the speaker at their events.
An interesting article about Jay Adkisson in litigation is found at http://www.thestranger.com/seattle/the-great-left-coast-newspaper-war/Content?oid=3626956
