Did you know? 🚨 The IRS announced new retirement contribution limits for 2024! 401(k) limit is now $23,000, IRA is $7,000, and catch-up for those 50+ is $30,500. Income limits for deductions and credits are also up.
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📈 U.S. annuity sales hit a record $106.7B in Q1 2024, up 13% YoY, per LIMRA. Highlights: Fixed-rate deferred annuities $43B (+4%), Fixed indexed annuities $28.6B (+24%), and Registered index-linked annuities $14.5B (+39%). #Annuities#RetirementPlanning