Dave Anthony

CFP®, RMA®
Retirement, Investing, Insurance
87%
Helpful
97
Answers
6
Articles
81
Followers
“Using math and science to create highly efficient and effective retirement income plans.”
Firm:

Anthony Capital, LLC

Job Title:

President

Biography:

Dave Anthony, CFP®, RMA®, has been involved in the financial services field since 1998 and is the President and Portfolio Manager of Anthony Capital, LLC, a Registered Investment Advisor firm. Dave started Anthony Capital, LLC to provide unique and integrated wealth management solutions for his clients. Through the years, David has helped thousands of individuals with their financial and retirement plans. Prior to forming Anthony Capital, LLC, David worked at several of Wall Street’s largest firms.

As a fiduciary, Dave enjoys teaching and educating his clients about diverse and complex retirement planning principles and enjoys designing comprehensive retirement income plans that help his clients optimize all areas of their financial lives, including investments, insurance, health care, Social Security, pension, taxes and estate plans.

David received his bachelor’s degree in Finance and a minor in Economics, Personal Financial Planning, and Spanish from Utah State University. He successfully completed Boston University’s Retirement Management Program, and is a Certified Financial Planner™, and a Retirement Management Analyst™. He is the creator of FBIAS™: Fact-Based Investment Allocation Strategies.

David is seminar speaker and presenter on retirement income planning, investment management strategies, and veteran’s benefits. He is the host of "The Retirement Income Show with Dave Anthony, CFP®, RMA®" which is broadcast Monday afternoons from 2-2:30 and Sunday evenings from 8:30-9:00 on 560 KLZ , He is currently working on his first book on retirement income planning strategies.

Dave is also the owner of Side by Side Quotes.com, LLC, a independent insurance agency that offers side by side price comparisons for Medicare, long term care, annuity, life insurance, and disability plans. He feels that as a fiduciary, it is his obligation to act in his clients best interests and present unbiased and straight-forward insurance solutions.

When he is not helping his clients optimize their retirement incomes, you'll find him exploring the mountains, rivers, and lakes of Colorado with his wife and six kids. He is an avid white-water Kayaker, canyoneer, 14er, and advocate of all things adventure related. He is active with the Boy Scouts of America, having volunteered for multiple years as a Scout and Varsity leader. He is an Eagle Scout and enjoys coaching his kids various sporting activities.

Education:

BS, Finance, Economics, Personal Financial Planning, Utah State University
Retirement Management Analyst program, Boston University

Fee Structure:

Fee-Based

CRD Number:

3068955

Videos
  • Anthony Capital Income puzzle intro
  • Fact Based Investment Allocation Strategies
  • Annuity Questions--Should you buy and annuity?
  • Retirement Plan Smackdown: Long Term Care vs Life Insurance & annuity long term care
All Articles
Sort By:
Most Helpful
5 weeks ago
    Retirement, Retirement Plans, Retirement Savings
last month
February 2018
June 2017
    Lifestage Based Planning, Retirement, Retirement Savings, Taxes
November 2016

All Answers
Sort By:
Most Helpful
    Annuities
What is an annuity?
93% of people found this answer helpful

An annuity is a powerful financial planning tool that when used for the right purpose, and in the right situation, can provide tremendous value to the annuity buyer. Annuities can add stability and security to an investor's portfolio when they are used in an efficient manner. Unfortunately, the vast majority of annuity buyers misallocate their resources when purchasing annuities and end up with an underperforming annuity that costs too much, pays too little, and is simply an inefficient use of their resources.

By definition, an annuity is a contract between you and a 3rd party (usually an insurance company) whereby in exchange for making a lump sum payment, the insurance company promises to do four things:

  1. Provide an income for a certain period of time,or for life
  2. Provide for accumulation, or asset growth
  3. Provide a death benefit
  4. Provide for  long term care benefits

There are only two types of annuities: Fixed and Variable.

FIXED ANNUITIES:

  • Immediate annuities--start paying income right now (to start in less than one year)
  • Deferred annuities--start paying an income later (anywhere from 1-50 years)
  • Multi Year Guarantee Annuities (MYGAS)--pay a fixed interest rate each year for a certain period of time
  • Indexed Annuities-increase in value depending on the performance of a baseline index like the S&P 500, Dow Jones, Gold, Real Estate, or even a negatively correlated index.

The key feature of fixed annuities is that the principal is FIXED--it is guaranteed by the insurance company. Gains are usually locked in each year, and you can mix and match different types of annuities to create a guaranteed income stream in retirement that is not influenced by interest rates, market fluctuations, or other typical market influences. These are good options for conservative individuals, and are not regulated as an investment, but an an insurance only product.

 

VARIABLE ANNUITIES

  • With these types of annuities, the principal value "varies" based on the performance of the sub-account values that your money is allocated to. These are viewed as investments and are sold by individuals that are licensed to sell both investments and annuities. These are good for individuals that want upside appreciation, and can tolerate risk in their portfolio. This type of investment typically has higher fees and expenses because of the additional insurance costs that are prevalent because of the insurance component.

SHOULD YOU BUY AN ANNUITY?

  • This depends on the problem that you are trying to solve. You money has a job to do, and you can choose to find the most efficient and effective way to get the job done, by allocating your scarce retirement resources in a comprehensive, coordinated plan that maximizes returns, reduces risks, and eliminates unnecessary fees, taxes, penalties, and surcharges, or not. This is where the misuse of annuities come into play. 
  • Insurance companies want you to believe that whatever your financial problem, whatever your worry, there is an annuity that can fix it, and that just isn't true. They are good solutions for some financial problems, but horrible solutions for other problems. Most investors haven't appropriately defined with their advisors what problem they are trying to solve, and therefore end up misallocating resources into an underperforming annuity and have been sold something without looking at the overall picture.

HOW DO I KNOW IF I NEED AN ANNUITY OR NOT?

  1. Define what problem you want your money to do for you (Income, growth, legacy, or long term care benefit.)
  2. Look at all of the available annuity options that can solve for those needs
  3. Look at annuity alternatives that do the same thing
  4. Determine how much money is required to solve the problem
  5. Compare fees, costs, expenses, taxes, performance, what-if scenarios
  6. Allocate resources accordingly
  7. Monitor your decision and make changes when necessary.

HOW CAN I GET HELP SELECTING AN THE RIGHT ANNUITY?

  • You need to work with a professional. Someone who knows what you need, and can match you up with the right solution. In my firm, we like to look at prices and solutions from all available annuity providers, not just 2-3, and try to create the greatest benefit for you using the least amount of money.
November 2016
    Annuities, IRAs
What's the difference between an individual retirement account (IRA) and an annuity?
74% of people found this answer helpful
October 2016
    Investing, Asset Allocation
Where do investors tend to put their money in a bear market?
67% of people found this answer helpful
February 2018
    Annuities
What is an equity-indexed annuity?
59% of people found this answer helpful
November 2016
    Investing, Bonds / Fixed Income
Should I invest in bonds now or after the presumed interest rate hike?
58% of people found this answer helpful
October 2016