Robert Fourman, a colleague of Curtis Cloke at Acuity Financial, uses their Retirement NextGen software to create a retirement income plan for Andrew and Laura, a near-retirement couple with $1.24 million in savings and $1.8 million in real estate assets.
'In the administration’s first 200 days, the dollar has lost almost 10% of its value,' writes our guest columnist. 'Investors have been looking for alternative safe havens in other markets, from Switzerland to Japan.'
New research suggests that the majority of participants, without doing the math, might actually prefer to get taxes on their savings out of the way today and have the pleasure of looking forward to tax-free income in retirement.
The Open Market Committee said it will keep reinvesting principal payments from holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and rolling over maturing Treasury securities at auction.
'The most interesting change is that... the adviser can avoid calling itself a fiduciary during the transition period, even if it is providing fiduciary advice,' said the Client Alert from the Drinker Biddle law firm.
Many post-election signs in the U.S. appear favorable for life insurers, but it may be 'a little too early to lock in this enthusiasm,' said the ratings agency in a special report on the life/annuity industry.
Everybody needs an occasional break from the daily grind. RIJ will be taking the second half of August off, returning with the September 7 issue. See you after Labor Day!
Brighthouse Financial reported $570 million in sales of its Shield portfolio in the second quarter of 2017, up 28% year-over-year. The products were previously sold under the MetLife brand.