Losing tax incentives would hurt boomers, annuity sales

March 8, 2013 by Michael K. Stanley

Almost one-fifth of investors cited tax-deferred growth as the main reason for purchasing an annuity according to an Insured Retirement Institute (IRI) study, “Tax Policy and Boomer Retirement Saving Behaviors.”

The government was able to take the last exit before the fiscal cliff in January but that stop-gap measure has not done much for our long-term fiscal health, according to a Congressional Budget Office (CBO) study. The CBO recently projected that by 2023, if the current laws remain unchanged, debt will equal 77 percent of our GDP. Click here to read..

Originally Posted at LifeHealthPro on March 7, 2013 by Michael K. Stanley.