Consumers Excited About Annuities and Possible Tax Breaks

  • Originally published May 27, 2010 , last updated April 3, 2018

Consumers Excited about Annuities and Possible Tax Breaks

In a recent poll by Mintel Comperemedia, 40% of respondents said they would be very interested or somewhat interested in converting their 401(k)s to annuities if the government attached some sort of tax incentive to such an action.

For the last several months, the Obama Administration has been openly searching for ways to encourage more Americans to annuitize their 401(k)s. Back in February, Obama’s Middle Class Task Force released a report calling annuities one of the tools that gives Americans a better shot at a more secure retirement.

The Labor and Treasury departments recently received comments on a proposal to include annuities as a payout option in 401(k) plans.

What are you doing to take advantage of the momentum behind annuities as viable option for people to roll their 401(k)s into?

Read our article "How to Increase Your Qualified Annuity Business" to learn how you can capitalize.