Obama's MyRA plan leads to industry talk of small deposit annuities

02/7/2014 | AnnuityNews.com

President Barack Obama's proposed small deposit, employer-sponsored retirement savings account, the MyRA, has stimulated talk about how small deposit annuities would be just as beneficial, without creating a new government program. Such annuities are definitely available, but Danny Fisher, publisher of The Fisher Annuity Index, says the industry trend is away from small premium contracts. "Companies just don't want to fool with smaller amounts,” he says.

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