The FIDx Five: Change Compensation for Fiduciary Advisors?
Retirement, Annuity, & Fintech Insights
Could changing the way financial professionals are compensated help sell even more annuities? Find out more, and then stick around to dig into the four other pieces of news that jumped out to us week in the latest edition of "The FIDx Five."
Pay DC Based on Income Under Advisement?
Paying fiduciary advisors has been an ongoing discussion. Here’s a rundown of how to potentially change that compensation.
Source: Life Annuity Specialist, “Overhauling Advisor Pay Could Sell More Annuities, Critic Says,” 2/10/23
The Times Tackles Annuities
With annuities making headlines again, The New York Times dug into the product set for its readership. Their takeaway: it might be time for more people to consider an annuity.
Source: The New York Times, “For More Certainty in Your Retirement Portfolio, Consider Annuities,” 2/7/23
The Slow-Moving Financial Crisis
We’ll all soon be working longer, according to a new report. Pension costs are going up—and by 2040, they’ll consume nearly 10% of GDP.
Source: Bloomberg, “How a Good Retirement Risks Becoming Just for the Privileged,” 2/10/23
Taxed When Withdrawn
Tax season is here and paying capital gains on losses sure does hurt. But here's why variable annuity contract holders won’t be getting a 1099 form.
Source: ThinkAdvisor, “Variable Annuities Look Pretty Good at Tax Time,” 2/7/23
The New Norm: Working Through Retirement
Consistent market volatility looks like it's here to stay. So, seven out of 10 employees now say they’ll keep on keeping on by working later in life.
Source: BenefitPro, “Post-retirement plans: 7 in 10 employees say they may continue to work in retirement,” 2/9/23
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