It is that time of the year again when we must do the one thing that most people dislike; TAXES!! It is also the time of year when folks can make last minute contributions to their retirement accounts for the 2022 tax year to claim a deduction. Here are some key discussion points regarding the typical IRA contributions: Contributions for 2022 can be made to a Traditional or Roth IRA until the filing due […]
I would like to wish everyone a Merry Christmas and Happy New Year! We have observed many positive rate changes throughout 2022, and a lot of you helped your clients take advantage of the higher safe rates, including the Fixed Indexed Annuities. I want to also thank everyone for helping make 2022 a great year through your support and business. I leave you with a few ideas as to why annuities should be part of […]
The Federal Reserve announced it’s raising interest rates by 0.75 percentage point, following its September 20-21 meeting, bumping the federal funds rate to a target range of 3.0 to 3.25 percent. With the Federal Reserve applying this type of aggressive approach when it comes to interest rates and combating inflation, it could mean good news for annuity sellers…or maybe bad. According to Mike McCarthy, vice president, distribution strategy for Prudential, in an interview with Editor John […]
It is that time of year again when we all must do the one annual activity we most likely dread…Taxes! It is also that time of year to ensure all clients are taking full advantage of all contributions, specifically to their IRA. Taxpayers still have time to potentially claim deductions to their 2021 tax returns. Contributions for 2021 can be made to Traditional or Roth IRAs until the filing date, April 18th, 2022, so long […]