FULL SPEED AHEAD
Despite the double blow of a capital gains tax and the introduction of the Roth individual retirement account,…
Despite the double blow of a capital gains tax and the introduction of the Roth individual retirement account, variable annuities continued to break records. Thanks to plump commissions, sales of the tax-advantaged mutual fund-like portfolios that carry death benefits were up 17.7% to $75.5 billion
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