Advisor Mark Cortazzo’s new business, Annuity Review, is aimed at alerting VA owners to the hidden value in contracts that they might otherwise surrender or misuse.
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.
In seven brief video clips, financial advisor Mark Cortazzo of MACRO Consulting Group talks about his new venture, Annuity Review, which helps investors and advisors evaluate in-force variable annuity contracts whose value they may not fully understand or appreciate.
The IRI Government, Legal and Regulatory conference last month had to be a downer for anyone who still naively hoped that the retirement industry and of the government might find constructive solutions to the problems that bedevil Boomer retirement.
A retail CDA—aka stand-alone living benefit, or SALB—lets RIAs add lifetime income rider insurance to clients’ portfolios without changing the tax treatment of the underlying investments.
Under the Utah Republican's new proposal, state and local governments could use private annuity issuers as pension providers, small employers could sponsor low-maintenance "Starter 401(k)s" and the DoL would not be able to enact a fiduciary rule for plan advisors.
A new volley is fired by the FPA, the CFP Board and NAPFA in the ongoing battle to influence the SEC as it mulls a new fiduciary standard for people who provide investment advice to retail investors.
Have liberal efforts to reduce poverty worked or failed? Are Americans richer than inequality hawks maintain? A new paper shows that poverty in the U.S. has declined over the past half-century if you measure wealth by consumption levels, not income levels.
NEST is the UK's “public option” workplace retirement plan. It's intended to help solve a problem that the U.S. also faces: insufficient access to employer-sponsored retirement savings plans, especially among people who work at small companies, have modest incomes and belong to ethnic minority groups.