Pershing LLC, Sovereign Bank, and Securities America have all made Income for Life Model (IFLM) software available to advisors. That represents growth for IFLM, and progress for the income paradigm. (Sculpture by Stephane Cauchy.)
In this last article in our series on fixed indexed annuities, we consider the potential role of FIAs in providing retirees with guaranteed lifetime income. We find FIAs to be valuable, but underused for that purpose.
FIA owners can pick from an array of choices as cryptic as those on a roulette table. But if they don't understand options, how can they evaluate these safe but esoteric insurance products?
In this second article in a four-part series on the fixed index annuity (FIA) business, we profile Allianz Life, the top issuer of FIAs in the US in 18 of the last 19 years. (Image, in Allianz blue, is from an Allianz Life video.)
In this data-rich report, the president of the Center for Due Diligence, a Chicago-based organization for plan advisors, explains which way the winds of the 401(k) world are blowing. (Hint: Think passive and low-cost.)
Western investors shouldn't assume that they have no shot at managing China’s pension assets, according to a news report in IPE.com.
If employees and employers each paid 1.34 percentage points more in payroll taxes, starting immediately, everyone who reaches retirement age at least through 2086 would receive the current package of Social Security benefits, according to Alicia Munnell of Boston College.
The U.S. isn’t the only country where retirement plan fees are coming under unprecedented scrutiny. Take Ireland...
America's #1 business cheerleader recommends keeping the tax deferral for long-term savings and removing obstacles to the purchase of longevity insurance (aka long-dated deferred income annuities).
Brief or late-breaking items from National Academy of Social Insurance, New York Life, LPL Financial, Fortigent, BNY Mellon, Investor Analytics, National Exchange Traded Funds Association, and the American Association of Long-Term Care Insurance.
David Macchia, the president of Wealth2k and developer of Income for Life Model, keeps going and going and going... and thinking a lot about the Boomer retirement income opportunity.
Ruark Insurance Advisors Inc. estimates that the cost of unhedged longevity risk in a typical variable annuity living benefit could be as much as 1.40% annually on the declining asset balance--in addition to the customary policyholder charge of 1.00%.