More than 8 in 10 fee-based advisors say that a product offering tax-deferred growth would benefit clients as Congress consider higher taxes to resolve the impending fiscal cliff deadline, new research reveals.
Jefferson National, Louisville, Ky., published this finding in a summary of results from a survey of 250 RIAs and fee-based advisors. The survey was completed on December 12.
The poll reveals that 75 percent of registered investment advisors and fee-based advisors say their clients are anxious about the impact of the looming fiscal cliff—and their biggest concern is rising taxes. Additionally, 85 percent of these advisors view tax-deferred solutions, such as variable and fixed annuities, as vehicles with which to avoid the impact of a tax hike near-term.