Annuities

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The percentage of workers who say they are ready to retire has dropped by more than 5% in last month, a survey found.

Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.

Retirees tapping their long-term savings accounts for income in an emergency are advised to strongly consider reducing their withdrawal rates.

To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

Taking advantage of catch-up contributions is one of several methods that can help them get back on track.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.

Sixty percent of advisors cited estimating health care costs as one of the biggest headaches when helping retirees plan for the future.

Higher-than-anticipated health-care costs are among the most unexpected expenditures clients face in retirement.

Deferred taxation on these retirement products, in part, depends on how their distributions are made.

The Secure Act will pave the way for expanded distribution channels, even as J.D. Power finds issuers lagging in measures of client satisfaction.

Those in the workforce will not owe taxes on rollovers to traditional retirement accounts, but will face consequences using the strategy with a Roth.

“If done correctly, dividend-yielding stocks are the gifts that keep on giving,” an expert says.

Buyout amounts are high right now, but there are many other factors to consider when guiding your client to the right choice.

The products provide advantages that “help women build savings faster: tax deferral and generally higher rates than CDs or Treasurys,” an expert says.

Raising the assumed age for decumulation to 67 from 65 could dramatically reduce the percentage of families at risk, an expert says.

With tens of thousands of certificants affiliated with giant BDs, the documents required by the new standards are making their conflicts of interest plain as day.