Annuities have always flunked but no one has ever challenged them because of their total lack of transparency.  Now with SCOTUS Cornell decision, the burden of proof has shifted to the plans to defend why they think annuities are exempt from being prohibited transactions, and for the most part they are clueless. Most annuities in … Continue reading Annuities flunk Prohibited Transactions Exemption – SCOTUS ruling will open floodgates of litigation.