Steak Dinner And Annuities: Retirement Product Surges After Fiduciary Rule’s Demise

Ted

FYI: A retirement investment product associated with steak-dinner sales pitches is flourishing thanks to the death of a regulation once expected to curtail it.

Annuity sales totaled $59.5 billion in the April-to-June period, the highest since late 2015, according to the Limra Secure Retirement Institute. Sales are expected to remain strong through at least the rest of the year.
Regards,
Ted
WSJ: https://www.wsj.com/articles/steak-dinner-and-annuities-retirement-product-surges-after-fiduciary-rules-demise-1540656000

Derf

@ Ted: Good morning & where is the link ?
Derf

hank

Derf said:

@ Ted: Good morning & where is the link ?
Derf

@Derf, Possibly Ted’s thinking of this old post of mine on which he commented:

https://www.mutualfundobserver.com/discuss/discussion/43839/new-research-finds-link-between-financial-status-and-body-weight.

Didn’t occur to me than, but I think the reason Larry, the annuity guy, has gotten so overweight is all the steak dinners he’s had to consume while selling annuities. Sounds like a tough way to make a living.

msf

WSJ: https://www.wsj.com/articles/steak-dinner-and-annuities-retirement-product-surges-after-fiduciary-rules-demise-1540656000

https://www.google.com/search?q=Steak+Dinner+And+Annuities

Ted

@msf: Thanks !
Regards,
Ted