We have been focusing quite a bit in our articles as of late on the subject of retirement accounts.
There seems to be lifted consumer confidence in the last few months and with the proposed tax cuts in the United States, people will have more money on their hands.
The good news is that people are more interested (at least from our customer emails) in taking those tax savings and rather than just spending the money they prefer to put that money away for retirement. This is wonderful to hear and we are happy to research anything that our clients are interested in.
A 408b is a type of annuity that can be placed in an Individual Retirement Account (IRA) and we are going to spend the rest of this brief article introducing you to the 408b annuity.