New York Life cuts initial deposit for annuity to attract youth

... fund their individual retirement accounts with that money. This year, individuals can contribute up to $5,500 into an IRA. So far, New York Life has sold more than $1 billion in deferred-income annuities since its July 2011 launch. Many of those ...

http://www.investmentnews.com/article/20130415/FREE/130419950