1.

What is there left to say?
Market good news:
1. Oversold markets (temporary phenomenon),
2. Bank crisis (Fed pivot ensues)

2.

Interest rates are inverted; as inverted as anytime in history. We’re talking big time recessionary red flags here. What can you do for your senior clients? Well, if an A+ insurer wants to give your clients 5%; gladly take it. Move to quality & safety for senior portfolios ASAP…

3.

Silicon Bank (SVB) lost $40 billion in 3 days. Much of it a result of one connected person warning others that a collapse was imminent. Maybe the concept of fractional banking doesn’t work today?

4.

Insurer back-office woes continue for the firm. Underwriting annuity business has never been more difficult. Covid turned mediocrity into their ultimate goal that which cannot be attained presently. We continue to do our best but frustration levels are high. Please help us service your business/clients by reading forms thoroughly and completing to the best of your abilities. Also, being timely with needed forms would be appreciated. We hope service changes for the better shortly…

5.

As noted above, 5% for 5 years with an A+ carrier is incredible today. Your 1035 exchanges need to be started two months prior to anniversary. Contact all senior clients and let them know about this product. Many seniors may have way too much exposure to risk. Here is an alternative. Contact NestEgg Builders for more information…

6.

Don’t sleep on the Corebridge Fixed Index products in NY. Annual Cap as high as 10% for the 7 year and 9.50% for the 5 year fixed index product. The products offer 3 indices: S&P 500, Russell 2000 & MSCI EAFE, as well as 10% free-withdrawals, death benefit, and a 1.80% minimum guarantee. Your senior client has too much $’s in fixed rates? Present Corebridge; these products offer everything with a somewhat “inflation” type protection. This “Market-money account” can be used for paying bills via the 10% free-withdrawal. Contact NestEgg Builders for more info.