CreativeOne is thrilled to announce a new exclusive arrangement with Guaranty Income Life Insurance Company! This partnership makes us one of a select few organizations who can provide the Guaranty Growth PLUS™ (GGP) fixed indexed annuity. GGP includes two of the top four performing indices for 2019, is built for accumulation and also provides a free… Read More
Industry News Archives - Creative Edge
We’ve Partnered Up with Guaranty!
Related terms: Annuities, Product News
How Did The Market Perform in October?
The equity markets surged in October, fueled by a combination of Fed rate cuts, strong corporate earnings, and renewed optimism for a breakthrough in US-China trade talks. The major indexes had the following returns: NASDAQ – 3.71% Russell 2000 – 2.63% S&P 500 – 2.17% DJIA – 0.59% Rate Cuts The Federal Reserve cut rates… Read More
Related terms: Industry News, Wealth Management
What Does the Impeachment Inquiry Mean for the Financial Markets?
It’s been more than a week since Nancy Pelosi announced that the House of Representatives would open a formal impeachment inquiry into President Trump. Since that time, the S&P 500 is down more than 2.66%. Is the market’s slide directly correlated to the impeachment inquiry? The president thinks so. In a tweet on October… Read More
Related terms: Breaking News, Industry News
Why Is the Fed Cutting Rates? And What Does It Mean for Your Clients?
A recent Bloomberg survey found that economists think the Fed will cut the federal funds rate by a quarter-point in their next meeting on Wednesday, September 18. The survey also found that economists expect another cut later in 2019 to bring the overnight lending rate down to 1.75%.1 The Fed cut rates in… Read More
Related terms: Industry News, Legislation
The SECURE Act: Why It Could Bring Big Changes to 401(k)s, IRAs, and Annuities
The SECURE Act continues its journey through the Capitol. The Setting Every Community Up for Retirement Enhancement (SECURE) Act first made an appearance on Capitol Hill in 2016. However, it finally made substantial progress in May of this year when it passed through the House of Representatives with overwhelming bipartisan support. The bill is… Read More
Related terms: Industry News, Legislation
New FIA Solutions from AIG now on RetireUp
We are pleased to announce that the AIG Power Select Plus Income & Power Select Builder are now a part of the RetireUp Pro product platform! Producers that utilize RetireUp Pro to assist their clients in structuring sustainable retirement income plans will now be able to incorporate the Power Select Plus Income and Power Select… Read More
Related terms: Annuities, Carrier Announcements / Updates, Product Training & Knowledge, Products & Carriers, Sales Strategies
Trump’s Labor Secretary Nominee is No Fan of the Fiduciary Rule
President Trump’s pick to lead the Labor Department has a long history with the department’s “fiduciary rule.” Eugene Scalia was tapped by Trump for Labor Secretary nominee in July, after the resignation of former Secretary Alex Acosta. Acosta resigned primarily because of his past involvement in a 2008 plea deal with Jeffrey Epstein. Scalia… Read More
Related terms: Financial Planning, Industry News
Fee-Based Annuities? Positive Developments from the IRS
In August, the IRS delivered a sign of hope for fee-only advisors who want to offer annuities to their clients. The IRS issues private letter rulings (PLR) to Nationwide, Lincoln Financial, and Great American Insurance that allows up to 1.5% to be deducted from their non-qualified annuity products each year without triggering a taxable… Read More
Related terms: Annuities, Industry News
Hibernation Over: Does August’s Volatility Mark the Start of a Bear Market?
For more than a decade, investors have enjoyed the longest bull market in history. It started in March 2009 as a recovery from the 2008 financial crisis. Since then, the financial markets have produced a slow and steady upward march, resulting in a 334% cumulative gain for the S&P 500.1 However, recent market volatility has… Read More
Related terms: Annuities, Industry News, Sales Strategies
IRS changing tax treatment of advisory fees
The IRS has changed the rules—and it might benefit you and your clients. Previously, registered investment advisers (RIAs) could not pull an advisory fee from an annuity in their client’s account without creating a “taxable event.” Now, the IRS has reversed that rule, allowing RIAs to pull advisory fees from the cash value of a… Read More
Related terms: Accumulation Strategies, Breaking News, Industry News, Investments