Hundreds of TV ads for financial services have appeared during the 2013 NCAA men's basketball tournament so far. None was an absolute slam dunk, but all were good. Read on, watch the video clips, and judge for yourself.
Solash, who leads AIG's Individual Retirement business, spoke with us about the company's approach to the annuity market. The NAIC recently reported AIG's overall Life and Retirement businesses as having an industry-leading $18.4 billion in sales.
In retirement, "risk" can turn from an object of pursuit to an object of avoidance. In the second installment of a two-part article, our guest columnist continues his discussion of financial and other risks that retirees and advisors should anticipate.
In the first of a two-article series, the retirement expert, author and editor enumerates and describes the many risks that retirees face. (Spoiler alert: Mortality is not one of them.)
Affluent investors seem to love direct retirement product providers, but advisors’ favorite brands vary by distribution channel. Everyone seems to like American Funds.
In 2012, 401(k) participants held 36% of their assets in diversified equities and another 13% in company stock. In 2006, these investors had 40% of their assets in diversified stocks and 19% in company stock, according to Spectrem Group.
“The total monetary cost of dementia in 2010 was between $157 billion and $215 billion,” said the RAND Corporation study. “Medicare paid approximately $11 billion of this cost.”
At year-end 2012, more than 5.7 million Romanians participated in the "second pillar" with net assets of RON 9.64bn (€2.18bn) in nine funds. Since 2008 the number of funds has been halved to eight funds following several mergers, the CSSPP said.
In contrast to competing contracts, this contract's return-of-premium death benefit doesn’t decrease as the lifetime withdrawal benefits are drawn, Phoenix said in a release.
The big inflows into equities did not come at the expense of bonds. Bond mutual funds and ETFs received $72.3 billion in the first quarter, the seventeenth consecutive quarterly inflow.
Brief or late breaking items on New York Life's 2012 financial results, on a Center for Retirement Research study about the effectiveness of retirement income projections on participant savings behavior, an April 11 webinar on variable annuity products sponsored by Morningstar, Inc., and Nationwide's acquisition of 17 HighMark funds.