How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
Anecdotal Evidence

As Equities Rise, So Do VA Sales—A Little

Prudential's variable annuity sales fell by 42% and MetLife's by 21% in the second quarter of 2013, compared to the first quarter, but other market leaders appeared to make up for the lost capacity, according to Morningstar's quarterly VA report.
Anecdotal Evidence

Nominate Your Favorite Income Product

RIJ is sponsoring an award to be given by the Retirement Income Industry Association this fall. Send us your nominees for the "most innovative income product" by September 6.
Anecdotal Evidence

Jackson National, New York Life, lead annuity sellers: LIMRA

YTD, sales of deferred income annuities grew 151% to nearly $1 billion, versus the first half of 2012. DIA sales are on pace to reach $2 billion by the end of this year — doubling the prior year's results.
Anecdotal Evidence

Outflows from bond funds accelerate

“The exodus from bonds suggests that if the Fed actually starts tapering—as opposed to just talking about doing something in the future—it might be more disruptive than Wall Street thinks,” said David Santschi, CEO of TrimTabs.
Anecdotal Evidence

Annuity Specs is now “Wink”

Wink’s portal for life insurance and annuity information is Visitors can find the AnnuitySpecs and LifeSpecs tools, which provide product details and comparisons.