The answer depends on whether your clients want income to start now or in five years or 10 years. Indexed annuities offer the highest minimum income guarantees, if you can wait 10 years for the first check.
'A recent article said that high valuations make this the worst possible time to retire. I say, This is the perfect time to retire if your advisor has provided the right strategy,' said David Macchia, CEO of Wealth2k, referring to advisors who understand bucketing, flooring and annuities.
'This can help firms without a fixed suitability process in place, allowing them to add fixed and income products to their shelves,' said Myles Lambert, chief distribution and marketing officer, Brighthouse Financial.
This bill could open a path to great changes in retirement plans. The Senate may take action on it during the lame-duck session, a new bulletin from Wagner Law Group said. (Photo: Marcia Wagner)
The proposal doesn't address 'open MEPs' that would allow retirement plan providers to sponsor plans. It establishes seven requirements for groups or associations that want to co-sponsor a plan for members.
Arthur Laffer, the supply-sider, dabbles in financial wellness; BBVA launches robo-advice tool on BNY Mellon Pershing platform; Migration to bonds finally reverses: TrimTabs.