A Liquidity Option for DIAs?

The desirability and feasibility of allowing owners of deferred income annuities to convert income streams to lump sums was discussed at the American Law Institute's Continuing Legal Education Conference on Life Insurance Company Products in November.

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).
Featured
Anecdotal Evidence

A Guide that Perplexes

“An annuity is a contract with an insurance company.” Sadly, many texts about annuities begin this way. You might as well describe marriage to teenagers as “a legal contract between two people of the same or opposite genders.”
Anecdotal Evidence

FINRA Talks a Good Game, Part II

FINRA Regulatory Notice 13-45, on the heels of the FINRA Conflict of Interest report, may be its way of telling the DoL that FINRA can make the suitability standard work, and that broker-dealers don't need a DoL fiduciary standard.
News
Anecdotal Evidence

For those 65+, work and wealth are linked

The largest single source of income for Americans ages 65 and over, as a group, is earned income, according to a study by AARP based on recent U.S. Census data. In 2012, almost 22 percent of older Americans had earnings.
Anecdotal Evidence

The Principal to deregister as an S&L

During the deregistration process, Principal Bank narrowed its activities to those of a limited purpose trust savings bank.