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New Tax Credit Proposal to Encourage Retirement Saving

Many financial experts agree that Americans aren’t doing enough to prepare for retirement, and more should be done to encourage them. One such professional is Robert Klein, financial advisor and founder of Retirement Income Center in Newport Beach, California. According to a recent article in …

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Understanding Annuity Taxes

In “How Annuity Withdrawals are Taxed” by Kimberly Lankford of Kiplinger’s Personal Finance, Lankford explains the ins and outs of taxes on annuities.  There are 3 things that need considering when determining the taxes for annuities: whether it is an immediate or deferred annuity, with …

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Annuities Receive Attention in a Proposed Bill

The Retirement Security Needs Lifetime Pay Act, or H.R. 2748, was introduced this week by Rep. Earl Pomeroy (D-N.D.) and Rep. Ginny Brown-Waite (R-FL).  This news comes from “Bill would let seniors take retirement funds through annuity” by Darla Mercado of InvestmentNews.  Basically, retirees could …

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