Scott DeMonte - Retirement Planning - Retirement Planning - People/Relationships

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Expert Profile: Scott DeMonte

Expertise: A notable expert in annuities, variable, fixed and equity index products, with an emphasis on variable annuity products. I can answer questions on living benefits, taxation of annuity proceeds, the risks and benefits of all annuity products. Also, with my vast experience as a financial adviser I can answer general investing questions. I will always give you the facts, good or bad.

Experience in the area
I have over 15 years experience as a financial adviser. I was also a Regional Vice President for 2 major insurance carriers, and own AnnuityIQ.com, an unbiased variable annuity rating and comparison site. A known expert in the inner workings of annuity products who has been quoted in Investment News, Consumer Reports, American Banker, Annuity Market News and other news outlets.

Publications
Annuity Market News, Investment News, Consumer Reports, AnnuityIQ.com, Financial Research Corporation.

Education/Credentials
Series 7, 63 and state insurance license. Attended SUNY Canton and studied Business.

	View Past Answers	View Detailed Ratings

What do you like about this subject? I investments and how they work. The inner workings of investment vehicles is fascinating.

What do you still hope to achieve/learn in this field? I wish to help people gain a better understanding of investments.

Something interesting about this subject that others may not know: There is away to guarantee growth and income through investing in equities.

Something controversial or provocative about this subject Annuities are good, not all of them though EIA's are generally not.

Average Ratings
Prestige Points: 440
Knowledge	10.0 Best of the best
Clarity of Response	10.0 Best of the best
Timeliness	10.0 Best of the best
Politeness	10.0 Best of the best
Number Of Questions (in Past 24 Hours)		0
Max Questions to be Asked (in 24 Hour period)		5
Total Questions (since joining AllExperts)		43

Recent Reviews from Users

Knowl	Clarity	Time	Politeness	Date
10	10	10	10	09/11/08
10	10	10	10	09/11/08
10	10	10	10	09/10/08
10	10	10	10	09/10/08
10	10	10	10	08/19/08

User Comments

Thanks!
(Kevin on 09/11/08)

Many thanks, Steve
(Steve on 09/11/08)

I was very impressed with the advice I received and that my question was answered so quickly.
(Dianne on 09/10/08)

Very fast response and fully answered my question.
(Donald Strickland on 08/19/08)

View All Comments

	View Past Answers	View Detailed Ratings

Recent Answers from Scott DeMonte

2008-09-11 401k Loan Payments or Increase Contribution?: Hello Kevin, You will have to see if the terms of the loan can be changed and you can pay extra on it. if you can or make extra payments to it I would recommend doing that first. After the loan is paid...

2008-09-10 Annuity based on non-taxable municipal bonds?: Hello Steve, There is no such product available and based on tax laws it is not a product that will be developed, I wish there was such a thing. Your annuitized payments, however, will be partially...

2008-09-10 Ratings: Immediate annuities are usually very straight forward and you should have little trouble with them. Check to see if the fixed immediate annuity has an inflation rider on it. Your payments will be less...

2008-09-10 Ratings: I am referring to the equity index annuity situation where states have filed suit against some insurance carriers. Most have been settled, but there are potentially more suits to come in the future. However...

2008-09-09 Disabled; Planning for Later Years: Hello Dianne, You have many different options in front of you. You could use mutual funds, index funds or ETF's are the most tax friendly, or a variable annuity, if you seek guarantees and tax deferral...