With annual expenses often in excess of three to four percent, indexed and variable annuities are already seen as high-cost insurance products by some
The IRS’ ruling is a good one, “for both advisors and consumers.”
Retirees are worried that they are running out of money, which is one of the reasons annuities continue to grow in popularity.
Regulation Best Interest: The Broker-Dealer Standard of Conduct requires broker-dealers to act in the best interest of the retail customer.
Fixed indexed annuity (FIA) sales were $20 billion in the second quarter, 14% higher than prior year results.
The kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized.
A woman who spent years complaining a financial advisor had misled her into spending her retirement savings to buy an annuity will receive a refund.
