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...
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...
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...
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)...