Fixed annuity sales jumped 74% to a record $35.6 billion in the first quarter, according to
One of the reasons investors are flocking to fixed annuities is because the five-year rate is currently around 3.3% to 3.5%, whereas a bank CD will yield only 2.13%, according to data from
In step with this, variable annuity sales are now lower than fixed annuity sales, for the first time since 1995, according to LIMRA Senior Analyst Dan Beatrice.
The insurance products began 2024 in much the same way as 2022 and 2023: with record-breaking sales.
Are clients' savings working for them? How to best guide them on the pros and cons of Roth IRAs and other savings programs.
Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
