A Pre-ICO Lunch at Gibraltar
I rented a Fiat 500 and drove to Gibraltar for a mid-day meal with Dean McClelland, the creator of TontineTrust, a retirement income product based on crypto-currency.
Income Strategies
In Canada, ‘LIFE’ Begins at 85
Bonnie-Jeanne MacDonald (right or below), a research fellow at Toronto's Ryerson University, proposes a voluntary, tontine-like deferred income annuity called Lifetime Income for the Elderly (LIFE). Canadians could make...
Building a Personal Pension, a Month at a Time
Recent filings show that Prudential plans to launch a direct-sold, auto-pay, multi-premium fixed deferred income annuity called GIFT, or Guaranteed Income for Tomorrow.
How to Have Enough Money for Retirement
More than 10,000 economists converged last month on Philadelphia (where Ben Franklin's bronze likeness idles on a bench on the Penn campus) for the American Economic Association's annual meeting....
A ‘Blueprint’ to Sell Income Annuities Direct
Abaris Financial, founded in 2014 to market SPIAs, DIAs and QLACs online, has rebooted itself as Blueprint Income. It hopes to sell single-premium immediate and deferred annuities as well...
The Crypto-Capitalist and His Digital Tontine
“This problem needs to be solved,” Dean McClelland, founder of TontineTrust, told RIJ. With the fervor of a convert, he believes that cryptocurrencies, blockchain, smart contracts and...
JourneyGuide: A New Income Planning Tool from Ash Brokerage
'We’re targeting a ‘soft launch’ in early November... followed with an official market release about a month later,” said Derek Trimble, CEO of JourneyGuide, a spin-off from Fort Wayne,...
On the Case: Income from a ‘Certified’ Used Annuity
In this latest income solution for "Andrew and Laura," a real couple near retirement, Bryan Anderson of AnnuityStraightTalk and Nathaniel Pulsifer of DCF Exchange combine a secondary market annuity,...
On the Case: TIPS Ladder + QLAC + HELOC = Income Security
Mike Lonier, of Lonier Financial Advisory, solved 'Andrew and Laura's' retirement income puzzle with a combination of products. A certified Retirement Management Analyst, he first builds a safe income...
On the Case: Jim Otar Answers Our Income Challenge
'I would not worry too much about complicated strategies,' Otar wrote after reviewing Andrew and Laura’s retirement finances. 'They probably don’t need guaranteed income (annuities), a bucket strategy or...
Symetra Offers Fee-Based Fixed Indexed Annuity
Distribution of the Symetra Advisory Edge and Advisory Income Edge products began in April through Merrill Lynch, Commonwealth and Raymond James.
On the Case: An Income Plan from ReLIAS
To solve for one couple’s retirement income needs, Mark Warshawsky of ReLIAS LLC proposed SPIAs and 7.5% annual withdrawals from an all-equity portfolio. RIJ will publish solutions from other...
This Couple Needs Your Advice
These two people, ages 64 and 63, have a combined net worth of about $2.5 million. They're looking for ways to generate income in retirement. Here are some specifics...
A target date fund for RMDs, from Fidelity
Investors in Simplicity RMD Funds can set up distributions through Fidelity’s automatic withdrawals service. Fidelity calculates and distributes the investor’s RMD each year.
Participants in Wells Fargo retirement plans can buy MetLife longevity insurance
Wells Fargo's plan sponsors will be able to offer their participants the option to earmark a portion of their 401(k) savings for a MetLife qualified longevity annuity contract as...
Hueler Income Solutions and NISA form alliance focused on retirement income for DC plans
'This collaboration allows us to enhance Hueler’s suite of services and delivery model for the benefit of our existing client base and to capitalize on new business opportunities to...
Mortality Credits: Sweet and Sour
'The only way to get closer to meeting your spending goals is through some sort of partial annuitization strategy,' said Michael Finke, dean of The American College of Financial...
This Is How You Sell Annuities
'This works really well with couples, where the husband is a risk taker but the wife is worried that she’ll be left without any money,' said Curtis Cloke about...
Time for Retirement ‘SeLFIES’?
The Nobel Prize-winning economist and his colleague propose a new way to turn DC savings into retirement income. It involves 'Standard of Living Indexed, Forward-Starting, Income-Only Securities' (SeLFIES),...
Lincoln and BlackRock Launch No-Commission Variable Annuity
'Lincoln Core Income' offers 4% guaranteed lifetime income with a 2% COLA, plus a choice of three iShare exchange-traded funds and a death benefit for an all-in cost of...
