Available for Interviews: Harry Abrahamsen
Harry J. Abrahamsen is Founder & CEO Abrahamsen Financial Group. His company offers customized wealth management solutions—creating plans and portfolios that protect, preserve, and grow client’s wealth. He was selected as one of the ten most dependable Wealth Managers in the Mid-Atlantic as published in Forbes magazine.
What Harry Abramhamsen can say in an interview about
Today’s Investment Options:
If you are wondering where to put your money during times of uncertainty you must consider your long-term and short-term liquidity objectives. Is the purpose to find a spot short-term because you want to use this money to buy a home or send your kids to school, or it is more about putting into something that is safe and offers growth potential?
1–Jumbo money market accounts usually require a minimum of $100,000. Is this a put and keep short-term or long-term strategy. Remember there are FDIC limits and very low APY.
2–For the savvier investor CDARS may be a consideration. This is where you can access multi-million-dollar FDIC insurance. This is a service where they latter CDs and make the process easier for a family or individual. The issue here is fees for convenience and inflation are gobbling up your money.
3–Another option to consider is an annuity. There are so many types and so many opinions that the average investor can get overwhelmed.
What is an Annuity?
The annuity contract is a legal document that provides specific benefits which are guaranteed in the annuity contract.
Fixed annuity sales in the United States are increasing dramatically. Several factors are contributing:
- An aging population
- Stock market volatility
- National interest
- More varied and competitive annuity products
- The search for safety and security
Greater annuity popularity has come with increased consumer misunderstanding and confusion. No wonder given:
- Hundreds of insurance companies providing countless different annuity offerings.
- Existence of two distinct, and very different types of annuities: fixed and variable.
- As the Baby Boomer Generation evolves into retirement, the need for safety and security becomes vital.
Insurance companies attempt to educate and keep the annuity policyholder informed about product and suitability issues. As highly regulated entities by your individual state Department of Insurance, they provide extensive agent training on both product and sales practices. The intent is for the insurance agent to pass on that information and ensure that the purchased annuity is suitable to meet the needs of the policyholder.
The need for consumer awareness and education arises from the breadth and diversity of annuity types and providers, and the different terms and optional riders available.
Not only are there two distinct types of annuities, but within those types, there are countless variations and options available. A reliable and savvy financial advisor is your best ticket to breaking down complex investment options.
Interview: Harry Abrahamsen
Harry J. Abrahamsen is Founder & CEO Abrahamsen Financial Group. He has been quoted in numerous national publications, such as Forbes, On Wall Street, Financial Planning, Bottom Line Personal, Smart Money, and cited in the Encyclopedia Britannica. An independent research firm has selected Harry James Abrahamsen as “The 10 Most Dependable Wealth Managers in the Mid-Atlantic” published in the Forbes December 2007 issue Investment Guide. Harry Abrahamsen has five children and resides in New Jersey.
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