Where to Get Old Variable Annuities Appraised

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.

Tell Us What You Really Think

At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.

Why Indexed Annuity Sales Are So Strong

Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?

Lessons from a Living (DC) Experiment

Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
Featured

RetiremEntrepreneur: Mark Cortazzo

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.

Consensus? Not in Washington

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.
News

Sen. Hatch hatches a retirement overhaul proposal

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.

Based on consumption gains, poverty in America has fallen

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 will lose its restrictions in 2017, not 2014

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.