Monday, January 5, 2015

Overview of Fourth Quarter Annuity Product - End-of-the-Year Annuity Update



ING has a new name VOYA, but more importantly some new indexed annuity products that have unique opportunities for new clients. Goldman Sachs has entered the annuity market as a major player with their dynamic allocation that can deliver consistency by reducing volatility.

Qualified longevity annuity contracts (QLACs) use deferred income annuities. The IRS has granted a particularly favorable status to QLACs for the purpose of deferring required minimum distributions. The QLAC rules of engagement permit a qualified plan participant to use 25% of their qualified plan, not to exceed $125,000 ($250,000 for married couples) and defer distributions until age 85.

Syndicated financial columnist and talk show host Steve Savant interviews nationally recognized annuity expert Mike McGlothlin, ChFC, CLU, CFP. This end of the year update highlights some of the industry's leading annuity product innovations and planning concepts into a five part series.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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