The New York Times, in an article titled "The Unloved Annuity Gets a Hug From Obama," reports that the Administration plans to promote annuities as a means of secure retirement income. The article notes that the House recently proposed a bill that would waive 50 percent of the taxes on the first $10,000 in annuity payouts per year and that the White House may soon start promoting the bill.
Posted by Patrick Siegfried, Associate Editor, Wealth Strategies Journal.
Posted by Patrick Siegfried, Associate Editor, Wealth Strategies Journal.
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