📝 How will the DOL Rule change your sales process? NAFA (National Association for Fixed Annuities) has identified the top 10 takeaways for independent insurance producers. #Annuities #Regulatory #QualifiedSales #DOL #FiduciaryRule
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Fiduciary Rule 33: Here’s some Memorial weekend reading. This blog post is about the final PTE 84-24, which is only available to independent insurance agents. Its greatest impact will be on rollover recommendations to annuities. If that interests you, here are the exemption’s requirements: https://bit.ly/3K7Nnzh
The New Fiduciary Rule (33): The DOL’s Final PTE 84-24 - Fred Reish
https://fredreish.com
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Tax-Free 1035 Exchange of Non-Qualified Annuities for Long-Term Care: A Smart Strategy for Financial A 1035 annuity exchange allows annuity owners to exchange one annuity for the other. Provisions of the Pension Protection Act also allow them to exchange a non-qualified annuity for a long-term care insurance plan. For those who need long-term care but can’t pay premiums on such insurance plans, this exchange can be a useful (and even better) alternative. Long-term care costs can be a significant burden on individuals and their families, often requiring careful financial planning to ensure adequate coverage. For those who have non-qualified annuities, a tax-free 1035 exchange can provide an effective strategy to address long-term care needs while maximizing financial resources. https://lnkd.in/eAttiWwX #ltc #annuity #1035exchange
Tax-Free 1035 Exchange of Non-Qualified Annuities for Long-Term Care: A Smart Strategy for Financial
icebridge.one
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Tax-Free 1035 Exchange of Non-Qualified Annuities for Long-Term Care: A Smart Strategy for Financial A 1035 annuity exchange allows annuity owners to exchange one annuity for the other. Provisions of the Pension Protection Act also allow them to exchange a non-qualified annuity for a long-term care insurance plan. For those who need long-term care but can’t pay premiums on such insurance plans, this exchange can be a useful (and even better) alternative. Long-term care costs can be a significant burden on individuals and their families, often requiring careful financial planning to ensure adequate coverage. For those who have non-qualified annuities, a tax-free 1035 exchange can provide an effective strategy to address long-term care needs while maximizing financial resources. https://lnkd.in/eVc5qKnJ #ltc #annuity #1035exchange
Tax-Free 1035 Exchange of Non-Qualified Annuities for Long-Term Care: A Smart Strategy for Financial
icebridge.one
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Here at Rosehill Insurance Agency - Life Insurance | Annuities | Long Term Care | Business we can help you chose the best Annuity with Athene. Don't wait give us a call: 321-220-0559 We provide virtual services. https://lnkd.in/eitH3-7n How do fixed annuities work? Fixed annuities provide tax-deferred growth at a fixed rate of interest set for a predetermined amount of time. Fixed annuities allow you to make two choices based on your needs and preferences. Choose how much you want to save. #productstrategy #annuities#retirement#security# Initial Premium amounts range from $5,000 to $1 million. Choose how long you’d like to save your money. You can select either a three-, five- or seven-year term period. Your annuity includes a Withdrawal Charge period that is equal to the Term Period.
Athene Fixed Annuities
athene.com
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Navigating the maze of personal finance, I stumbled upon IRS 7702 life insurance - a game changer! It’s like discovering a secret map to tax-free wealth, something straight out of a financial 'DaVinci Code'. Let's delve into how leveraging this strategy can support a stable, worry-free retirement. #FinancialFreedom #IRS7702
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I recently had the opportunity to share my thoughts on Multi-Year Guaranteed Annuities ("MYGAs") in a summary for Policygenius. Thanks Katherine Murbach! Like any product, there are pros and cons and times when MYGAs do and don't make sense. Real all about it below! #MYGA #RetirementPlanning #FinancialPlanning #Annuities #NotIUL
Multi-year guaranteed annuities (MYGAs): What They Are, How They Work
policygenius.com
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Are Fixed Indexed Annuities as Good as They Sound? Insurance companies use different formulas to calculate the interest added to your annuity, as described below.
Understanding Fixed Indexed Annuities - 11/01/19 - Skloff Financial Group
https://skloff.com
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Are Fixed Indexed Annuities as Good as They Sound? Insurance companies use different formulas to calculate the interest added to your annuity, as described below.
Understanding Fixed Indexed Annuities - 11/01/19 - Skloff Financial Group
https://skloff.com
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Most U.S. workers and retirees have enough financial assets, such as life insurance, annuities, 401K plans, and real estate or other property, to be considered an estate. Yet, according to Federal News Network, fewer than 50% of people who should have an estate plan have one. We've compiled a checklist of the important issues and requirements essential to address in your estate plan. #estateplanning #eachclientisunique #askanattorney #californialaw #trustadministration #awardwinninglawfirm
Estate Planning Checklist
fosterkruegerlaw.com
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Helping pre-retirees have more time, with tax efficient retirement paycheck for life, no market risks for wealth transfer and estate plan
A 1035 exchange is a provision in the Internal Revenue Code that allows for the tax-free transfer of an annuity contract to another annuity contract. This process enables policyholders to switch to a more suitable annuity without incurring income tax on the gains from the original contract. To execute a 1035 exchange, you must contact both the current and new annuity providers. The new provider will supply the necessary paperwork, and once completed, the two companies will handle the transfer, ensuring it remains tax-free. It's important to note that while the exchange itself is tax-free, you may still face surrender charges or penalties from the current annuity provider. The exchange must be between "like-kind" products, meaning an annuity can only be exchanged for another annuity, not for a life insurance policy. The original and new contracts must have the same owner, and the exchange must be direct between the companies, not involving a cash payout to the policyholder. Connie Dello Buono Index Annuities broker 4088541883 [email protected]
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