Michael Chamberlain

Retirement, Investing, Lifestage Based Planning
“Mike Chamberlain is a "fee-only" Registered Investment Advisor helping individuals, couples and families to balance current needs with future goals from the offices in Sacramento, santa Cruz and Los Gatos CA.”

Chamberlain Financial Planning and Wealth Management

Job Title:



Michael Chamberlain has been helping people to make better financial decisions to improve their lives since the 1980’s. Chamberlain Financial Planning was established in 2007 to assist people on a fee-only basis, which means that we do not sell investments or insurance, unlike 95% of other firms.

Michael's education includes both Bachelors and Doctorate degrees from the University of California, Berkeley. Accredited Investment Fiduciary course work was from The Center for Fiduciary Studies at the University of Pittsburgh and CFP® course work was from Boston University.

Michael lives in Santa Cruz with his life partner, Patty, but most of his family is in Sacramento. His daughter Cathi, her husband and three kids, his two brothers and Mom and Dad are all living there. In 2009, Michael opened a branch office in Sacramento so that he could visit with his family more frequently. His son Mitch lives in Austin Texas with his wife and two little girls.

Sailing is one of Michael's life passions. It is a great way to get in touch with nature and he is fortunate enough to have a sailboat at the Santa Cruz harbor.


Doctorate, UC Berkeley

Assets Under Management:

$125 million

Fee Structure:


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March 2017
    Financial Planning, Investing, Asset Allocation, Mutual Funds
December 2016
    Choosing an Advisor, Financial Planning, Starting Out
December 2016
December 2016
    Charity, Financial Planning
December 2016
    Charity, Tax Deductions / Credits

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    401(k), Annuities, Peri-Retirement
Should I transfer 401(k) funds into an annuity?
71% of people found this answer helpful


Good question. It is one that should be asked more often.

The old saying is that Annuities are sold not bought. The reason that they are often sold is due to the commissions that the salesman generate, which can be over 6%.

Keep in mind, there are different types of annuities such as a fixed, variable, and indexed annuities. Each have different selling points. Since you mentioned the purpose would be to pay for medical premiums, I am guessing that you are thinking of a fixed annuity.

I would not recommend a fixed annuity, which has a fixed pay out each month, quarter, or year to pay for insurance that will have rising premiums. Lets say that your health premium is $800 a month the first year, but next year is $1,000, and the following year is $1,000. If you do not have access to additional dollars, you will not be able to afford to pay the rising premiums.

Without more info, I can not be more specific, but in general, NO I would not covert $70,000 to an annuity.


April 2017
    Retirement, 401(k), IRAs
What could I gain from rolling over a 401(k) into an IRA while already in retirement?
67% of people found this answer helpful
April 2017
    Life Insurance, End of Life, Women & Money
How should I invest my late husbands life insurance policy?
67% of people found this answer helpful
3 weeks ago
    Investing, Life Insurance
Is it a wise decision to invest in an Index Universal Life Policy?
67% of people found this answer helpful
April 2017
    Investing, 401(k)
Should I keep contributing to my 401(k) or use those funds to invest?
67% of people found this answer helpful
3 weeks ago