NAIC New Best Interest Standard for AL, AZ, AR, CT, DE, IA, ID, KY, ME, MI, MS, MT, NE, ND, OH, RI, TX, & VA
BSMG
Annuities,
Fiduciary,
Insurance Industry News,
Fixed Index Annuities,
Retirement Income,
Annuity,
Retirement Reform,
NAIC,
Best Interest Standard
No Comments
4 Aug 2021
Arizona, Arkansas, & Iowa Regulation:
Agents who have already completed a four-hour NAIC training course prior to January 1, 2021, must complete one of the following by July 1, 2021:
Read MoreOptimizing Required Minimum Distributions
BSMG
Annuities,
RMD,
Required Minimum Distributions,
Annuity
No Comments
3 Apr 2019
Required Minimum Distributions (RMD) are always a hot button with brokers and clients, especially recently when Donald Trump asked the Treasury Department to examine RMD life expectancy and distribution tables due to longer life expectancy and more people working well into their 70’s. Nevertheless, RMDs “are what they are”, a required distribution that every individual who turns 70.5 must start taking from their IRAs. At its simplest level, an RMD will be withdrawn and either deposited into a client’s checking account or reinvested. Let’s look at other ways to utilize an RMD.
Read More