Vanguard analysts put the chance of a double-dip recession at about 20%. The bond yield curve suggests only a 6% risk, but the yield curve isn't as reliably predictive as it used to be, they say.
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.
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?
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.)
Cash levels as a percent of assets reached a cyclical high of 12% in 1991. Today, that ratio is less than 4%. With mutual funds already nearly fully invested, where will the money come from to take stocks higher?
Under my plan, the SSA would tell people their benefit at a specific retirement age (either an earliest age or a "normal" age). Then it would show a simple set of penalties or bonuses for withdrawing money or depositing it with Social Security.
“Most likely this means that the SEC will drop efforts to regulate this product,” said Eric Marhoun, general counsel of the Old Mutual Insurance Company.
The majority of investors 65-plus (57%) have less than 25% of their portfolios in bonds and/or bond mutual funds, according to a survey of Americans in households with at least $250,000 in investments.
Over the past decade, LPL has become the largest independent contractor broker-dealer in the industry. In 2000, the firm had 3,569 advisers. It had 12,026 as of March 31.
Consumers feel they could make more informed decisions if they had more information on medical procedures and options for care, the SOA found.
Instead of giving the highest weights to countries with the most debt, PIMCO's new indices will give the highest weights to countries with the highest income based on GDP.
Last week, an article in RIJ misdescribed Axa Equitable's Retirement Cornerstone variable annuity.
A growing number of annuity issuers are using creative approaches on Twitter to reach new audiences online.