I’ve been worried about outliving my retirement savings since the markets have been so bad, but I didn’t want to take on a lot of risk. Now I’ve got a solid plan for the present, and for the future. It’s a good feeling.
How RAF Strategies Helped...
Strategies for the “New Normal”
RAF Strategies was founded by Robert A. Fink, JD, a tax and estate planning attorney, to help his clients deal with the challenges of saving, growing and protecting assets after the 2008 stock market crash. The changes that have taken place are more fundamental than a dip in the market – we are facing a “new normal” that requires new thinking. Rob’s unique combination of legal, tax and insurance knowledge helps his clients take full advantage of IUL (Indexed Universal Life) to meet their goals. He has had great success in putting together financial strategies to deal with market volatility and record low rates of return, and to minimize taxes.
Rob works with individuals, business owners, professionals and advisors to tailor solutions to cope with the new normal.
IUL has become a very popular option the past few years, but Rob has been working with these policies for more than a decade. He knows how to properly structure and correctly fund them for long-term security and maximum gain. There are now dozens of life insurance companies offering
IUL, each with different options. Rob has vetted the offerings, and is expert at matching the best IUL policy to a client’s need.
Typically, insurance agents and financial advisors do not have the legal and tax background or experience necessary to properly design and implement this strategy.
Further down this page there are some examples of successful solutions that were created by RAF Strategies.
About Rob Fink
Robert A. Fink, J.D.
CEO, Managing Director
Robert A. Fink, J.D. has an exceptional professional history perfectly suited to creating and implementing innovative wealth building and asset protection programs.
Rob received his Juris Doctorate degree in 1994 from the University of Detroit Mercy School of Law where his focus was estate planning, taxation, insurance and business planning. He relocated to San Diego to establish a practice specializing in advanced estate and insurance planning. He is a member of the bar in both Michigan and California, and maintains a life and health insurance license. Having worked in this arena for almost 18 years, he is recognized as one of the nation’s preeminent experts in his field.
How RAF Strategies clients have found retirement peace-of-mind
Helping a 32-year old father prepare for
retirement & provide for the kids
A successful commercial real estate broker was
referred to RAF Strategies by his CPA to explore ways to protect
and maximize his retirement money. He has been participating in his
company’s 401k up to the limit, but he knows that everything he
takes out when he retires will be subject to ordinary income taxes.
He is concerned that he won’t have enough after-tax income to
live the lifestyle that he and his wife want in retirement. They
are also concerned about saving for their children’s college
education. They have been investing in stocks and mutual funds
through their broker, but they lost over a third of their principal
in 2008 and want to find a better way. They are sitting on cash in
a bank account to protect it, and are receiving less than 1%
interest on the money. They didn’t know what to do.
The solution recommended by RAF Strategies was
an IUL policy. The risk of market loss has been completely eliminated, but
the assets can still participate in growth of the market. Gains are
locked in annually, and the money can be accessed tax-free for
retirement or the kids’ education. And the policy provides a
tax-free death benefit for his wife and children.
||The risk of loss of retirement
capital has been completely eliminated, but growth
potential remains intact
||Money pulled out for
retirement is tax free
A 46-year old physician has maxed out her
A physician in her peak earning years has maxed
out her profit-sharing plan. She knows that she could be saving
more for later in life, but she is concerned about the safety of
the money and doesn’t know where to put it. She is also aware
that she will pay the ordinary income tax rate on the
profit-sharing money, and that it will not be available to her
until she is 59˝. She is looking for safety for her savings, and
wants the flexibility of being able to access it sooner than
RAF Strategies recommended that the physician
purchase an IUL. She was able to put her existing savings into the
policy with the assurance that none of her capital would ever be
lost due to market losses. She can continue to fund the policy with
virtually no limit on her contributions. As the market grows, the
value of her policy grows, and she can access the money tax free
whenever she wants to.
||She can fund the policy with
virtually no limit on her contributions
||She can access the money
before retirement age, and pay no tax
The owner of a small business, 58, needs an
One of the challenges of owning a small business
is devising a workable exit strategy that will provide financial
security. An owner of a very successful small business is worried
about how he will save and protect enough money to retire.
Unfortunately none of his children are interested in taking over
the business, and he knows the odds of being able to sell are
extremely small. He has realized that he can’t rely on the sale
of the business to fund his retirement, and is at a loss for ideas.
His corporate attorney suggested that he meet with RAF Strategies
to look at alternatives.
An IUL policy was the perfect solution. While
business is doing well he can make unlimited contributions to the
policy, knowing that he can take the money out tax free when he
is ready. He sees the market improving and wants to be able to
capture that upside, but with less than ten years until he wants
to retire the safety of the money is his first concern. The
guarantee of no market losses is compelling. IUL lets him meet his financial goals, even in
his compressed time frame.
||He has an effective exit
strategy without relying on the sale of the business
||He can save and protect an
unlimited amount of money while the business is thriving,
which he can pull out tax free later down the road
Finding solutions for a retiree in his 70’s
A long-time client came to RAF with seemingly
impossible goals: eliminate the market losses he was suffering on
his assets and reduce his taxable estate but still have access to
the money in the future if he needed it.
The solution was to gift each of his three
children $500,000, which they used to purchase investment-grade
Indexed Universal Life (IUL) policies. This effectively reduced the
size of his taxable estate to save the kids taxes in the future.
The money is protected from any further market losses, but the kids
still have the upside potential of market increases. If he needs to
access the money in the future the kids can borrow against the cash
value of the policies without paying any taxes. Eventually the
money will pass to the grandchildren, tax-free. The kids can also
borrow against the policies to fund the grandkids’ education or
help with a down payment for a home. Win, win, win.
||Each of his children has a
safe and flexible asset, one that will grow tax-deferred
and allow the kids to take out money when they need it,
||Eventually his grandchildren
will receive a death benefit, 100% tax free