| News covering the insurance and financial advising industry |  |
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- Expert: Strong year is ahead for guaranteed-income annuities
The 2013 outlook is robust for annuity products that offer guaranteed income, says Doug Dubitsky of Guardian Life Insurance. The key is for financial advisers to help clients overcome confusion about the products and to show how effective the products can be in providing retirement income, Dubitsky said. "People have always needed [guaranteed income]. Now they want it," he said. AdvisorOne
(11/27)     
| Industry News | | |
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- Assessing clients' long-term-care needs
 Long-term-care planning should be an important part of financial planning, and it requires careful assessment in order to meet clients' needs, writes Lloyd Lofton of American Eagle Financial Services. The age and health of a client are key issues to take into account, because younger clients would pay lower premiums for long-term-care policies. Differences in current and projected costs of care should be considered, as well as the client's budget, Lofton writes. National Underwriter Life & Health
(11/27)
- Report: Many IRA investors fail to withdraw required minimums
Fifty-four percent of Fidelity IRA holders haven't taken required minimum distributions from their accounts this year, a Fidelity survey shows. That suggests they don't need this money for living expenses, Ashlea Ebeling writes. Some may be waiting until the last minute so they can defer taxes as long as possible, while others might be hoping for a reinstatement of a rule letting them make charitable contributions from their IRA. Forbes
(11/26)
| Policy Watch | | |
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- Tax credit helps low- to middle-income workers save
The Saver's Credit is an Internal Revenue Service allowance that aims at boosting retirement savings for people who are low- or middle-income earners. To qualify, filers have to enroll in an IRA or 401(k) and earn no more than $57,500 for those married and filing jointly or $43,125 for heads of household. BenefitsPro.com
(11/26)
- Most employers feel confident about their understanding of the ACA
A research report from the Eastbridge Consulting Group shows that 63% of employers report that they are "very much informed" about the Affordable Care Act and more than one-third say they follow developments related to the law. Employers also weighed in on whether they would move employees to exchanges, and 37% said they do not plan to do so, 20% expect to use exchanges, and 20% are still undecided. BenefitsPro.com
(11/26)
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- Last-minute retirement moves for 2012
Savers should consider increasing their 401(k) contributions and making catch-up contributions to maximize tax advantages for retirement savings by the year's end, experts say. The end of the year is also a good time to evaluate retirement-plan fees and reset for next year the amount of money directed automatically from paychecks to retirement savings. U.S. News & World Report
(11/26)
| NAIFA News | | |
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Registration for NAIFA Congressional Conference is open
The NAIFA Congressional Conference, from April 8 to 9, 2013, in Washington, D.C., is an opportunity for agents to educate Congress on how permanent life insurance and annuities provide financial security for over 75 million American families and businesses. Show Congress you care about your clients. Register today. The first 500 NAIFA members to register are eligible for a reimbursement of up to $500. Conditions and limitations apply. See the registration page for details.
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