Doug Twiddy
Director of Annuities
Doug’s unique approach to strategy planning honed over 15 years of assisting financial planners and wealth advisors, sets him apart in the industry. His expertise in annuities is a valuable resource for advisors, who rely on his knowledge to recommend the most suitable product or financial strategy for their client’s diverse needs.
This often involves a custom layering of products, a strategy that has proven successful in maximizing clients’ value and outperforming the competition. Doug’s passion for strategy planning sessions with advisors is evident as he strives to find the perfect outcome for each client.
Annuities typically revolve around the retirement and decumulation stages of life. This is also the time that Social Security plays a significant role in someone’s life. Doug has traveled all over his home state of Virginia to host Social Security workshops for advisors. He can help maneuver the problematic waters of claiming Social Security at the appropriate age, the impact of taxes based on provisional income, and the impact of fund values in different retirement buckets. Many clients also have a pension they need to determine how to claim. Doug built a Pension Maximization Analyzer, which will consider other income, Social Security benefits, and taxes and prepare an 18-page presentation on which option to choose and why. Advisors are always grateful for his assistance in pulling all the pieces together to maximize retirement income.
Understanding the best way to balance a client’s needs, like maximizing net retirement income, proper wealth transfer, and protecting assets from Long-Term Care (LTC) concerns, is just part of his work. While he does not consider himself a salesperson, he does enjoy conference calls with an advisor and their clients to help explain the features and values of certain products being recommended. Doug will bring confidence, product knowledge, and an excellent connection to the call so you can focus on carrying your client through the phases of retirement as you intended.
When Doug isn’t working, he and his wife Ashley enjoy spending time with their four children, Kaylee, Lilli, Damian, and Lucas. Doug spent five years as a Scoutmaster of Troop 705, where he earned his Eagle Scout, served as President of the Bayhill Point Swim Team, is the current Director of the Bayhill Point Swim Team, is the Treasurer of the Chesterfield Aquatics League, and has coached multiple Smith Association Baseball/Softball Teams for his children. He is an active community member, avid outdoor enthusiast, and active student at The American College of Financial Services.