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.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Syndicated financial columnist Steve Savant hosts the weekly video talk show for consumers entitled, Right on the Money and anchors the weekend news update On the Money News.
Steve is also the host of the daily producer show, Thought Leaders. Steve is of the top online author and videographer of... More
Steve Savant recently shared that Retirement Planning’s Impact to Spouses, Progeny and Charities – syndicated financial columnist Steve Savant & Chad Lewis. http://rightonthemoneyshow.com/retirement-plannings-impact-to-spouses-progeny-charities-chad-lewis/