The DOL fiduciary rule has affected the mix of sales of variable annuities that come with guaranteed / nonguaranteed living benefits
into nonqualified accounts, Giesing said.
Second - quarter variable annuity sales data also unearthed the bifurcation between variable annuities sold into individual retirement accounts (IRA) and variable annuities sold
into nonqualified accounts.
Sales of variable annuities
into nonqualified accounts rose 5 percent to $ 8.4 billion compared with last year.
Variable annuity sales
into nonqualified accounts now make up 42 percent of retail variable annuity sales, Giesing said.
But in general, if your company needs the benefit of a big tax deduction, look
into a nonqualified stock - option plan.
Not exact matches
Of course, you can move funds from a
nonqualified annuity
into an IRA through a taxable transaction.