Advanced life deferred annuities: supply remains scarce
A budget initiative of former Deputy Prime Minister and federal Finance Minister Chrystia Freeland, the Advanced Life Deferred Annuity (ALDA) became a reality when the Canada Revenue Agency (CRA) amended the tax rules to allow it as of Jan. 1,…
Should You Add an Annuity to Your Retirement Portfolio in 2025?
Annuities give you a recurring revenue stream in retirement, providing security and peace of mind. Thanks in part to the SECURE Act 2.0, which added the ability to include annuities in 401(k)s, this investment vehicle has grown in popularity among…
How Much Cash Will A $1 Million Annuity Bring In Each Month?
If you decide to invest in an annuity, you should understand how much stable income you can expect. If you have $1 million, you likely want to know how much your monthly payout will be. Monthly cash flow from a…
What’s next for the annuities space in 2025?
Cross-currents from inflation, the stock market, and demand for protected growth are converging into a mixed picture, says Limra. After experiencing robust growth in recent years, the US annuity market is set to face mixed prospects in 2025, according to a…
Best Fixed Annuity Rates For October 2024
An annuity can provide you with a steady stream of income, ensuring that you have money when you need it. That’s why many people turn to annuities during retirement, to be sure that they have cash flow when they’re no…
T. Rowe Price Enters In-Plan Lifetime Income Market
On Tuesday, the T. Rowe Price Group Inc. launched its own annuity-backed lifetime income product for defined contribution plans. The firm’s Managed Lifetime Income investment product, designed for retirees in DC plans, combines T. Rowe Price’s managed payout investment with…
RetireOne bolsters annuity shelf with Gainbridge partnership
The independent platform provider of fee-based insurance solutions is giving its RIA consumers access to two new annuity offerings, including one industry-leading product. RetireOne is unlocking a new kind of annuity to RIAs and fee-based advisors across its platform through…
Economic conditions, income needs drive big annuity sales, LIMRA says – Insurance News
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported. Total annuity sales increased 29% year over year to $114.6 billion in Q3, according to…
How Non-Qualified Deferred Compensation Plans Work
A non-qualified deferred compensation (NQDC) plan allows a service provider to earn wages, bonuses, or other compensation in one year but receive the earnings—and defer the income tax on them—in a later year. Doing this provides income in the future…
FIAs and RILAs post record sales in Q3 – Insurance News
WINDSOR, Conn., Nov. 25, 2024 — Representing 45% of U.S. annuity sales, record-high fixed indexed and registered index-linked annuity sales propelled the continued growth in the U.S. annuity market in the third quarter. Total annuity sales increased 30% year over year…