Why Prudential Sells the Most VAs

Constant proportion portfolio insurance, or CPPI, has helped Prudential attract crowds to its Highest Daily VA. Now other insurers are wondering if they should employ CPPI.

A Look Back at (and Beyond) the ‘Stretch’ IRA

Under the new SECURE Act, most non-spouses must withdraw and pay taxes on inherited IRA assets within ten years instead of "stretching" the process over (possibly) decades. What will that mean for annuities, and how might advisers respond?

The SECURE Act Set To Pass (Finally)

'This is an early Christmas present,' said Melissa Kahn, managing director of the Defined Contribution team at State Street Global Advisors (SSgA), in an interview yesterday.

A Few of Our Best Income Strategies

For today’s issue of RIJ, we’ve retrieved several of our best income-planning articles from our archives. In each case, the adviser goes beyond the “safe withdrawal” method to design a customized, outcome-driven solution for the client.
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A Look Back at (and Beyond) the ‘Stretch’ IRA

Under the new SECURE Act, most non-spouses must withdraw and pay taxes on inherited IRA assets within ten years instead of "stretching" the process over (possibly) decades. What will that mean for annuities, and how might advisers respond?

The SECURE Act Set To Pass (Finally)

'This is an early Christmas present,' said Melissa Kahn, managing director of the Defined Contribution team at State Street Global Advisors (SSgA), in an interview yesterday.

Details of the tax compromise revealed

The package would cost about $900 billion over the next two years, to be financed entirely by adding to the national debt, according to The New York Times.

Treasury to sell last of its stake in Citigroup

A person briefed on the transaction said it would be priced at $4.35 a share, a 2% percent discount. At that price, taxpayers could profit by $12 billion on the Treasury’s investment in Citigroup.

UK pensioners brace for new retirement drawdown rules

Retirees will probably be allowed to spend their savings at the rate they wish as long as they have at least enough guaranteed income to keep themselves from needing public support in retirement.

The Bucket

Late-breaking items about Sun Life, Genworth, J.P. Morgan, MetLife, the SPARK Institute, Fred Reish and Bosnia-Herzogovina.

The Tax Deal Feels Wrong

Over the weekend, retirees may have lost the first battle of the generational war.