U.S. Senate Jumping On the Immediate Annuities Bandwagon
Two Senators are jumping on the "let's provide tax breaks for seniors who invest in annuities" bandwagon. North Dakota and Kansas Senators Conrad and Roberts have proposed S 1297, called the "Retirement Security for Life Act". You'll recall a similar announcement by us of HR 2748, where two members of the House called for something similar.
Get quick answers to your annuity questions: Call 800-872-6684 (9-5 EST)
With both the House and Senate calling for nearly the same legislation, it's looking likely that the legislation will pass. When? That's hard to say. The government's wheels turn slowly.
But even without the proposed tax incentives, there are still plenty of reasons why you should convert a portion of your retirement savings into an immediate annuity. There are already great tax savings that come with this investment vehicle that provide guaranteed income for life. So act now with a portion of your nest egg. Then when — if — this legislation finally comes to pass, invest a bit more and keep saving. We can help you with that.
We wanted to establish a bit of extra income. There was a good recommendation about ImmediateAnnuities.com on CNN. We also liked that we could see excellent reviews about them on Google. They were very thorough from our first inquiry to when we decided to buy our annuity from Mass Mutual. They always answered our questions promptly and followed up with the insurance company, too. We have been receiving our monthly payments since last November and couldn’t be happier. What more can we say?