Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Michael Kitces: Don't Like Annuities? You'll Like Them Even Less When Your Client Dies

FYI: Annuities seem complicated enough, but the tax complexities get even messier after death, warned industry blogger Michael Kitces during the AICPA Engage conference Monday in Las Vegas.

A complicating factor with annuities is that much of the tax treatment is not covered by formal Treasury regulations or even a revenue ruling from the IRS, said Kitces, director of wealth management at Pinnacle Advisory Group. “The only guidance we have on a lot of these key areas are private letter rulings.”
Regards,
Ted
https://www.fa-mag.com/news/don-t-like-annuities--you-ll-like-them-even-less-when-your-client-dies-45385.html?print
Sign In or Register to comment.