Whenever anyone in our industry is asked what the DOL fiduciary rule will require of us, there should only be one answer: “WE DON’T KNOW, YET!” While I strongly believe in the famous quote by Benjamin Disraeli “I am prepared for the worst, but hope for the best”, I am amazed at the select few FMO/IMOs who are professing such a scorched earth future for qualified Index Annuity sales. Some groups are using scare tactics to drive producers to those who claim to have answers and

The Baby Boomers are booming into retirement and the major economic effects they have generated have already begun. As of July 1 of this year, retired baby boomers age 70.5 (born in the first 6 months of 1946) are subject to Required Minimum Distributions (RMDs). So what does this mean? Let’s start by explaining what an RMD is. The tax-deferred benefits of many retirement plans you may have become familiar with over the years (like traditional IRAs and 401(k)s) have a time li