legislation
2025 Annuity Overview
Fixed Index Annuities (FIAs) and Multi-Year Guaranteed Annuities (MYGAs) are retirement products with unique benefits. FIAs provide growth potential linked to market indices while protecting your principal, making them ideal for those seeking moderate returns with market downside protection. They often include optional features like guaranteed lifetime income riders.MYGAs, on the other hand, offer a […]
Greenbook Deja’vu: Proposed Tax Increase on Wealthy
On March 9, 2023, the Biden Administration released its budget and tax proposals for FY2024. Alongside the Budget the Treasury released its document further describing the revenue proposals in what is typically called the Greenbook. Many of the proposals are reminiscent to those in prior years’ Greenbook. The budget proposes to increase taxes for corporations […]
Legislation Addressing Long-Term Care: An Urgent Matter
Virtually all demographic trends in the United States point to large future increases in the demand for long-term care services and support. By 2050, an estimated 27 million people will need long-term care support. The population over 65 will almost double by 2050.ii The population age 85 or older is set to double between 2015 […]
President Biden Signs SECURE 2.0 Legislation as Part of Spending Legislation
By Terri Getman, JD, CLU, ChFC, RICP, AEP (Distinguished) On December 29, 2022, President Biden signed into law the more than 4,000-page spending bill. In addition to funding the government to September, the legislation included provisions of what has been called SECURE 2.0. The SECURE 2.0 package is full of popular reforms that have been […]
