LexisNexis® Legal Newsroom
Redundant Fees Destroy Retirement Assets – What the Insurance Companies Do Not Want You to Know

The problem? More than 80% of 403(b) retirement assets are invested in tax sheltered annuities. On the surface this sounds like a good thing, but hiding just underneath the surface is a very profitable, and little talked about, secret that is costing investors billions of dollars, $3.3 billion to be...

Combination Long-term Care Products

A recent Financial Planning Magazine article discusses new tax laws that may increase the popularity of combining life insurance and annuities with long-term care insurance. Long-term care ("LTC") insurance sales have been in a decline over the past several years. Many believe that...

Beware of "Veterans Annuities"

There's never a shortage of "financial advisors" willing to fleece seniors. That's heinous enough. What gets my blood boiling even faster is when veterans and their surviving spouses are targeted. Our veterans protected us, and now they need our protection. And since the best...

Sutherland Legal Alert: Two Classes of Annuity Providers Do Not Violate § 403(b) Universal Availability Requirement

By Mark Smith and Vanessa Scott In Private Letter Ruling 201142033 (July 25, 2011), the Internal Revenue Service (IRS) ruled that the IRC § 403(b) universal availability requirement was not violated merely because (i) a university system made available two classes of annuity providers and (ii)...