The Income Expert

In this video, Mark J. Warshawsky, director of Retirement Research at Towers Watson, discusses his new book, Retirement Income (MIT Press, 2012) with RIJ editor Kerry Pechter. Their conversation focuses on the author's recommended strategy of buying a series of immediate annuities during retirement.

Research Roundup

We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'

An Annuity’s ‘Moneyness’? There’s an App for That

How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.

A Chip Off the Old Rock?

Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
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Weiss Ratings names its favorite VAs

Gavin Magor of Weiss Ratings has selected what he calls the nine best variable annuity contracts. His criteria? Low fees, no front-end loads, no surrender charges and a solid investment portfolio.

Middle-income Boomers ignorant of Medicare: Bankers Life

Although Boomers cite uncovered healthcare expenses (80%) and becoming ill (74%) as their top financial concerns about retirement, many appear to be taking a “learn as you go” approach to understanding Medicare’s coverage and costs.

The Bucket

Brief or late-breaking items from LPL, McCamish Systems, Ebix, Allianz Life, Fidelity, Lincoln Financial and Mutual of Omaha.

$300 Billion, Up for Grabs

Cogent Research's new 2012 Assets in Motion study can help you understand and benefit from the rising flow of money from qualified plans to rollover IRAs.

Indexed Annuities, Unbundled

Lower prevailing interest rates have led to unbundling of indexed annuity features and, as a result, greater transparency.