Annuities

These products get a bad rap, but they can be useful in certain situations. However, advisors must make sure their clients aren’t losing money from sky-high expenses.

Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.

The products are designed to provide some upside potential yet limit investment risk, which has helped boost their popularity.

Many people expect to collect more than they actually will, which can prompt them to retire and file for benefits early and, in turn, reduce their actual payouts.

The products have grown in popularity after undergoing significant changes in recent years.

Although annuities incur taxes and costs, clients "can invest the same amount into a diversified municipal bond portfolio and pay no taxes,” an expert says.

Advisors need to educate clients — but not dumb down their advice — when it comes to the complex world of these investment vehicles.

How often should CCOs pay a visit to branch offices?

Many retirees kept their financial assets for at least 20 years after retiring, according to a study by the Employee Benefit Research Institute.

Advisors should conduct a comprehensive suitability analysis before initiating 1035 exchanges.