Prior to a private letter ruling (“PLR”) from the IRS in 2019, annuity fee billing for RIAs presented a number of challenges. Treated as taxable withdrawals, fee billing from non-qualified advisory annuities would generate a 1099, which was a terrible client experience. Kevin Hissong explains what changed, and how it impacts RIAs and their clients.
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR CONSUMER USE.
Videos about the many ways RetireOne’s people, fiduciary marketplace and technology enhance the work of RIA firms.