Annuity gross sales hit file in 2022 amid larger rates of interest and worry

Tim Bieber | Photodisc | Getty Pictures Amid inventory market gyrations, recession fears and loftier payouts, customers final 12 months pumped a file sum of cash into annuities, a kind of insurance coverage that provides a assured revenue stream. Consumers funneled $310.6 billion into annuities in 2022, in keeping with estimates printed by Limra, an … Read more

For retirement adjustments in Safe 2.0, December is do-or-die time

Samuel Corum | Getty Photographs Information | Getty Photographs For supporters of congressional proposals to enhance the U.S. retirement system, it is about to be a nail-biting few weeks. Lawmakers are heading again to Washington subsequent week to complete out the so-called lame-duck session — the legislative interval between the midterm elections and the brand … Read more