There is always someone doing something a little different, you have to keep your head up as a business owner to keep learning or you’ll stop growing!
FINS UP!
Here are your Quick Hits:
10 Questions For 2024
- Great read with some perfect points for financial advisors to be asking themselves going into the new year.
- Some funny questions too like : When will people turn on Taylor Swift? It’s only a matter of time right?
- Biggest question is “Can the consumer keep it going?” – I feel like we will be asking this all year. Issue is, we asked it all year in 2023 too…
LIMRA: U.S. Individual Annuity Sales to Exceed $300 Billion in 2024 and 2025
- Short and easy read on the Annuity market sales in 2023 and a forecast for 2024 and 25.
- “While interest rates are expected to peak in 2023, the forecast for the 10-year Treasury rate is to remain around 4% through 2026. This slight decline will dampen sales growth in 2024, particularly for income annuity products and fixed-rate deferred products. Countering this is the turnaround in the equity markets and the expectation is annuity sales will rebound in 2025.”
- “Overall, LIMRA is forecasting annuity sales to total between $311 billion and $331 billion in 2024.”
A comprehensive round-up of 2024 investment outlook reports
- This is a great roundup of a TON of financial reports to sift through to see what to expect in 2024.
- As we all know – no one can ever predict the future, but it’s fun to talk about right!? I’m sure it’s probably one of most common questions you get as an FA too.
- Thought this was a solid point from the article: “And if that wasn’t enough to take all this with a pinch of salt, remember that this time last year 85 per cent of economists thought we’d be in a recession by now.”
Your 2024 Tax Fact Sheet and Calendar
- Solid article to keep you in the know with changes, dates and adjustments that might effect your clients in 2024.
- “Income Tax Brackets: Seven tax brackets remain, but the specific parameters have changed”
