Mary Mikhail, CF2

About Mary Mikhail

Mary Mikhail advises her clients to purchase insurance policies that enable them to pay off their mortgages sooner, rather than opting for mortgage insurance that only takes effect after death. She also aids in identifying alternative accounts for her clients' CDs, variable annuities, and universal life insurance. As a CRFA at CaMu Financial and Insurance Services, Inc. in Santa Clarita, California, Mary Mikhail is also tasked with recruiting new staff and training them in the ethical and professional standards essential for success in her industry.

Mary Mikhail suggests that her clients obtain second opinions on any annuity accounts, as they may not be functioning at their best. Common types of annuity accounts include IRAs, SEP-IRAs, CDs, savings accounts, 401(k)s, TSAs, and TSPs. An effectively structured annuity account should offer features such as guaranteed lifetime income for the client and a lump sum payment for beneficiaries. Additional characteristics of a quality annuity account include the capacity for tax-deferred contributions and bonuses for each deposit made into the account.

Moreover, it may be feasible to withdraw funds from a retirement account early without incurring federal penalties, provided the account meets specific qualifying criteria. Mary Mikhail can discuss this option with clients who are interested. She also assists her clients in exploring alternative solutions for CDs and high-risk variable annuity accounts, as well as discussing rollover IRAs or Roth IRAs. Mary Mikhail holds a Bachelor of Arts in Sociology from California State University, Los Angeles. Besides being a CRFA, she is also a licensed notary public and a life insurance agent.

Mary Mikhail consistently educates her clients on how to save less while achieving more for their retirement, allowing them to enjoy their lives. Saving and retirement planning is not solely about contributions; it is about the payout from the account and its longevity for the client and their family.