Advisors Helping Fuel Annuity Growth

The annuity industry has been riding momentum, with advisors helping fuel the growth. And as more advisors at some of the larger broker-dealers and wirehouses embrace fixed indexed annuities in recent years, total annuity sales are likely to keep growing in 2014, says Morningstar analyst John McCarthy.

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Comments (1)
In my experience, there isn't a strong demand for annuities. Annuities are not bought, they are sold. And as far as the best vehicle for tax deferral, nothing beats individual stock. You control the taxes and when liquidated pay lower capital gains taxes. You can even offset gains with losses and possibly eliminate taxes. With annuities you pay gains at your income tax bracket, and there is no stepped up cost basis at death. Overall, I don't see much need for them.
Posted by Steve T | Thursday, April 03 2014 at 6:26PM ET
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