The Automatic IRA Act of 2010: Boon for Advisors?

Posted by William Byrnes on September 29, 2010

The Automatic IRA Act of 2010 (S. 3760) would require smaller employers to open automatically funded IRAs for their employees, a business opportunity for some advisors and a competitor for advisors to other retirement plans. In addition to its effect on advisors, the automatic IRA program may also benefit the insurance industry by allowing investment in insurance and annuity products, a blessing for insurers when life insurance coverage is at a fifty-year low.

For the complete analysis by our Experts Robert Bloink and William Byrnes, please read the article via your AdvisorFX subscription at The Automatic IRA Act of 2010: Boon for Advisors?

This entry was posted on September 29, 2010 at 04:54 and is filed under Retirement Planning. Tagged: Annuity (US financial products), Business, Employment, Financial services, Individual Retirement Account, insurance, Investment, Pension. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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