Filed Under:Annuities, Fixed Indexed

Losing tax incentives would hurt boomers, annuity sales

New study from IRI shows tax-deferral as a top reason middle class boomers choose annuities

Eliminating tax incentives may slow the race to retirement
Eliminating tax incentives may slow the race to retirement

Almost one-fifth of investors cited tax-deferred growth as the main reason for purchasing an annuity according to an Insured Retirement Institute (IRI) study, “Tax Policy and Boomer Retirement Saving Behaviors.”

The government was able to take the last exit before the fiscal cliff in January but that stop-gap measure has not done much for our long-term fiscal health, according to a Congressional Budget Office (CBO) study. The CBO recently projected that by 2023, if the current laws remain unchanged, debt will equal 77 percent of our GDP.

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Nichole Morford

Nichole Morford
Managing Editor

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