Manufacturers trying to build retirement income solutions for advisers face the fact that advisers vary widely in their approaches to retirement planning, says Howard Schneider of Practical Perspectives, which has co-produced a new survey with GDC Research.
Here's an income plan for a hypothetical 65-year-old couple with $1.6 million in savings, a real income goal of $8,000/mo. in retirement, and a legacy goal of $1.5 million.
CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.
The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
Borden Ayers is creator of the Retirement Management Executive Forum, a unit of Diversified Services Group in Philadelphia. The RMEF hosts meetings where executives from 33 select retirement companies "share insights, successes and obstacles."
Even though stock prices have surged, both dividends and earnings have kept pace. Prices therefore appear to be reasonable going into 2014, according Ron Surz, who analyzes the markets from San Clemente, Calif. Check out these fabulous charts and heat maps.
At year-end 2012, 15% of the assets in the EBRI/ICI 401(k) database were invested in target-date funds and 41% of 401(k) participants in the database held target-date funds.
“The Fed finally succeeded last year in its long-running campaign to coax fund investors to speculate. The ‘great rotation’ that some market strategists long anticipated is under way,” said Davd Santschi, CEO of TrimTabs Investment Research.
Public defined plans, endowments and foundations benefited in December from the equity rally as well as their holdings in private equity, according to BNY Mellon’s Investment Strategy & Solutions Group (ISSG).
The new portal allows firms offering funds on The Standard recordkeeping platform to monitor sales across retirement plans and to understand the advisors selling those plans, according to a release.
“This is our third merger in the last 12 months and we have no plans to slow down in 2014," said Robert Krypel, CEO of Retirement LLC–Series Two.