Annuities offer several opportunities to reduce taxes, and tax season is an ideal time for advisors to tell their clients about them, according to The Standard's Chris Conklin. "[Clients are] sensitive to what tax implications they're facing and may be more open to solutions like annuities that can help save…
Two measures introduced in the House are intended to make annuities more accessible and modernize how retirement statements are provided. The Increasing Access to a Secure Retirement Act would help employers offer annuity options in their retirement plans, while the Receiving Electronic Statements to Improve Retiree Earnings Act is aimed…
Fixed annuities, including fixed indexed annuities, will continue to gain market share over the next five years, according to a report from Cerulli. By the end of that period, annuities that incorporate guaranteed income riders will account for 77% of the market, the report said. BenefitsPro
A recent survey shows the majority of seniors would prefer to receive long-term care in their own homes, but this often comes at a high cost. Jennifer Cray, a partner at Investor's Capital Management, notes that while long-term care insurance can be expensive, annuities with long-term care riders provide a…
Debra Repya, a chartered financial consultant and life underwriter, discusses the challenges facing investors in the prolonged low interest rate investing environment. She suggests that retired or conservative investors consider fixed and variable indexed annuities. U.S. News & World Report
Financial expert Michael Kahn analyzes the investments best suited for an individual retirement account. He recommends stocks and most types of bonds but notes municipal bonds and annuities are not appropriate. Kiplinger online
An 18-month delay in implementing certain parts of the Labor Department's fiduciary rule should have a positive effect on annuities, industry executives say. Annuity sellers can concentrate on structuring the right products for clients rather than focusing on technical details of fiduciary rule compliance, the executives say. InsuranceNewsNet online
Despite the volatility of some current annuity sales statistics, in the long term, annuity products will be greeted with strong demand, analysts say. Insurance company executives note that, with Americans living longer and looking for guaranteed income, demographic trends are favorable to the annuity business. InsuranceNewsNet online
The IRS has released model amendments that defined benefit retirement plan sponsors can use if they want to offer participants partial annuity distribution options. The IRS revised its regulations to encourage plan sponsors to offer annuities to protect participants from the financial risks of unexpected longevity. PlanSponsor online
People who inherit a nonqualified annuity have options for lowering the tax liability, says Laird Johnson of AXA Distributors. Those options include stretching distributions over the beneficiary's expected lifespan or using a 1035 exchange to shift funds into another vehicle, such as a long-term-care insurance policy. Financial Planning online
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