Annuities can provide guaranteed income and be useful supplements to a traditional 401(k) plan or an individual retirement account.
The plan enables the policyholder to start retirement planning while enjoying a tax deduction by the government at the same time.
Looking at recent statistics as they coincide with market volatility and recession fears, it’s no wonder annuity sales are hitting all-time highs.
Executives of insurance companies and trade associations are urging Senate leaders to take "quick action" to pass a bipartisan retirement savings bill