Annuities

Advisors need to be willing to take a financial hit for clients

As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.

Growing fixed products, along with new fee-only offerings, are changing the shelf and the carrier rankings.

Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.

Fixed and variable contracts ended 2018 at nearly reverse levels of revenue from their totals three years earlier.

Although earnings in a deferred annuity will not be included in an investor's adjusted gross income, future withdrawals from the annuity could trigger a bigger tax bill.

Getting clients to think realistically about their post-work years is tough, but this one question quickly gets to the heart of the matter, says Trilogy Financial CEO Jeff Motske.

The No. 1 IBD requested that other variable writers “contractually reaffirm their commitments to protecting trails,” an executive says.

A widely held view is that a lot of spending is wasted on “heroic” measures at the end of life, but it’s difficult to know which patients are in their final year.

One of the major provisions of proposed legislation would require 401(k) plans to offer annuities so participants could create new income streams.