Companies are licking their chops at the prospect of a wave of baby boomers leaving their jobs with trillions of dollars in 401(k)s and other savings accounts.
Of all the products offered to investors, few are more controversial than variable annuities. The conventional wisdom is that variable annuities are sold, not bought.
This issue of The Wealth Counselor examines a topic that should interest all owners of non-term life insurance policies and their advisors – Internal Revenue Code Section
1035 and its application.
Variable annuities are at a turning point in product development, as insurers juggle a desire to remain in the market without saddling their books with even more long-dated risk.
Same-sex couples can get married in five states and the District of Columbia—and in New York starting July 25. But the happily-ever-after part doesn’t necessarily extend to their personal finances.