Welcome to Charitable Insurance Solutions (CIS) - a unique source for insured retirement plans using products like Fixed Indexed Annuities and Indexed Universal Life Insurance coupled with unprecedented charitable giving. We're dedicated to insuring the funds for the Basic Cost of Living (BCL) in retirement for retired and working American families, surely the most important part of financial planning.
Per Rydstrom has spent over 25 years in financial services, from private and public equity markets to insurance markets. He founded Charitable Insurance Solutions, a nonprofit, with a goal of protecting the investing public from excessive stock market risk. Suffering the consequences of recurring crashes and recessions, with no down-side protection like 'shorting' the market, has devastated millions of retirees and pre-retirees. Over-investing and being strictly 'long' the market is a systemic problem investors are largely unaware of, but it has a simple solution; insure the funds for our Basic Cost of Living first, with guaranteed lifetime income - then invest the rest.
Here's a bit of history:
For a century - from the 1870s to the 1970s - relying on the financial security of Traditional Pensions grew to over 60% of the U.S. labor force. It was a source of lifetime income for tens of millions of American families and considered the Golden Age of retirement living. But that changed dramatically in 1978 when the 401(k) was legislated by Congress. Some 20 Trillion dollars in retirement savings is now sitting in risk-driven Mutual Funds under Wall Street management. This is a recurring threat to the financial security of millions of Americans.
When Congress passed The SECURE Act of 2019 there was a consensus in academia, finance and among members of Congress that Wall Street should do more to protect the retirement savings of the investing public - from excessive capital risk to favoring capital preservation. But managing capital risk for fees is far more profitable for Wall Street than selling guaranteed insurance products - which means, of course, profits trump prudence.
Fees are the life-blood of investment firms and they're not likely to give them up. Furthermore, donating 35% - 75% of their revenue to charity would be undoable. This is why CIS is uniquely positioned, as a nonprofit, to help investors achieve financial security with insured and guaranteed lifetime income - so at least their basic needs in retirement are met. CIS can then turn around and help charities with generous donations from its commissions. It's a win-win and retirement can be made safe again.
If you have any questions or comments, please don't hesitate to contact CIS.
Always at your service,
Per Rydstrom