Bank of America reported that it executed more than 56,000 Roth IRA conversions for its clients last year, nearly 45,000 more than the total number in 2009.
Bank holding companies' annuity income fell steadily throughout the first three quarters of 2010 to $1.84 billion, down 7.6% from $2 billion for the same period a year earlier, Michael White Associates reported.
Only 6% of Americans plan to evaluate their life insurance in the coming year, 4% long-term care and 4% disability insurance, according to a poll conducted by Harris Interactive for Northwestern Mutual.
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