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Comments about annuities from the current issue of Kiplinger newsletter –

Written by Timothy Shannon on . Posted in Uncategorized

“Sales of fixed-rate deferred annuities will jump over the next two years: A 20% increase this year and another 25% next year. Higher interest rates and increased stock market volatility are making annuities more attractive options than they have been in years. Higher rates let insurers hike the payouts they offer on deferred annuities, which accrue value tax-free until they begin making payments. Deregulation in the financial sector is good for annuities, whose sales sagged in 2017 because of the Dept. of Labor’s fiduciary rule. An appeals court later nixed it.” We offer several fixed annuity products from Great American Insurance Company. Give me a call to find out how you can secure one of these great products for yourself!

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Timothy G. Shannon, CLF, AIM, LUTCF

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