The IRS has issued two private letter rulings (PLRs) dealing with fee-based annuities.
When investors are seeking to maximize income within a portfolio to live on, it;s natural to seek out fixed income securities with higher yields.
Workers say getting benefits right this year is more important than it was in the past, citing the coronavirus pandemic.
The COVID-19 and related economic trouble hit many near-retirees hard, but the impact might turn positive in the long run for both consumers and annuities.