Going off a cliff is bad enough, but the U.S. economy is poised to do it with a $600 billion weight strapped on. What might the gruesome scene look like? Take-home pay will go down, taxes on investments and income will go up. Extensions to unemployment benefits will end, leaving many of the roughly 8 percent without a job scrambling in 2013. Military spending will also be pared back which means contractors will have to reduce their work force. Basically, going over the fiscal cliff, the U.S. economy will be a mangled mess of recession.
Many clients have little or no protection for their ability to earn a paycheck.
In responses to an employee retention question, disability benefits ranked a little ahead of dental insurance.
Sales of non-variable annuities went in a different direction.
Sponsored by NGL
Help your clients plan for their future now so final expenses don’t overwhelm their loved ones later.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.