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.
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.'
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.
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.
Investors were running scared after 3Q equity market turmoil. But they didn’t flock to variable annuity guarantees for protection.
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.
The contract, which emphasizes choice, gives investors two index options and three possible crediting methods.
The latest Merrill Lynch Affluent Insights Survey showed that 73% of the affluent not yet retired viewed retirement as “a second act” during which they would work at least part-time.
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.
Brief or late-breaking items from LPL, McCamish Systems, Ebix, Allianz Life, Fidelity, Lincoln Financial and Mutual of Omaha.
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.
Lower prevailing interest rates have led to unbundling of indexed annuity features and, as a result, greater transparency.