annuities

US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By $3B Annually

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US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By B Annually

The US Labor Department’s new proposed standard to protect retirement savers who roll over money from their 401(k)s to individual retirement accounts (IRA) is facing massive backlash from the insurance industry. The rule will ensure insurance agents transition from selling products for high commissions to recommending investments that benefit clients during rollovers. The move will … Read more

Ohio Woman Wins $15M Lottery But Only Receives $5.4 Million – Are Cash Payouts Worth It?

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Ohio Woman Wins M Lottery But Only Receives .4 Million – Are Cash Payouts Worth It?

Jeanne, a resident of Sandusky, Ohio, recently won $15 million through an Ohio Lottery 50th Anniversary scratch-off ticket. However, she ultimately took home only $5.4 million after taxes and her chosen payout option. Jeanne had a choice: receive $600,000 annually for 25 years, totalling $15 million, or opt for an immediate cash payout of $7.5 … Read more