Bill 118 HRES 528, also known as the "National Annuity Awareness Month" resolution, is a piece of legislation that aims to designate the month of June as a time to raise awareness about annuities. Annuities are financial products that provide a steady stream of income over a period of time, typically in retirement.
The resolution expresses support for educating the public about the benefits and risks of annuities, as well as promoting financial literacy and planning for retirement. It also recognizes the importance of annuities in helping individuals secure their financial futures and maintain a stable income in their later years.
The resolution highlights the need for individuals to understand the various types of annuities available, such as fixed, variable, and indexed annuities, and to make informed decisions about their financial planning. It also encourages financial advisors and professionals to provide accurate and unbiased information to their clients about annuities.
Overall, Bill 118 HRES 528 seeks to promote awareness and understanding of annuities as a valuable tool for retirement planning and financial security. By designating June as "National Annuity Awareness Month," the resolution aims to encourage individuals to take proactive steps towards securing their financial futures and making informed decisions about their retirement savings.