The monthly annuity update for January 2013

By Steve Savant

So for the next 7 to 8 weeks we’re going to be camping out on the fiscal cliff. The view from up here is breathtaking... as in holding your breath. We now have a new definition of what is wealthy in America. The affluent will be paying more in income and capital gains. The revenue generated from the rich may not pay a third of the interest only on the 16.4 trillion dollar debt. But with taxes going up on the wealthy individuals and prosperous businesses, tax advantaged insurance products could be a mainstream investment option just for the tax relief alone. Steve and Eric welcome you to the New Year and present the update on annuity rates.