“They’re editing their lineup,” said Eric Berg, an analyst at Barclays Capital. “They’re getting out of the businesses where they lack meaningful size." (Above, Genworth CEO Mike Fraizer.)
Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
Each January, Ron Surz, president of PPCA Inc. and Target Date Solutions of San Clemente, California, unveils his proprietary interpretation of the prior year's market performance. We've publish a summary, with a link to the complete, chart-rich document.
New research argues that broker-sold mutual funds—both active and passive—tend to generate lower returns at higher costs than direct-sold mutual funds.
The presentation will begin at 12:30pm ET, January 31. Investors and interested parties can access this presentation by visiting the Company’s investor relations website.
If the policy owner is between ages 60 and 85 and the policy has been in force for at least 15 years, and the policy has sufficient value independent of any outstanding loans, the owner can exercise the rider and receive a lifetime income stream.
Eligible plans, including 401(k) and 403(b) plans, among others, can convert their current holdings in another share class of a Prudential fund to the fund’s Class Q shares.
Polish workers pay 19.5% of taxable income into the mandatory pensions system, of which 12.2% goes into a plan like our Social Security and 7.3% goes into privately-run DC plans. Starting this year, much of the 7.3% will go to a government-run DC plan instead.
Health spending rose only 4% in 2009 to $2.5 trillion, or $8,086 per person, down from 4.7% in 2008. Consumers spent $299.3 billion out-of-pocket on health care, up 0.4%.
More than one-third of Americans ages 45 to 70 are worried about running out of money during retirement, but only 20% plan to purchase any form of guaranteed lifetime income.
MGGI simplifies the investment option selection for the customer by offering a single fund, the Fidelity VIP FundsManager 60% Portfolio, which uses an asset allocation approach to achieve exposure to multiple asset classes.