You've heard of New York Life's Guaranteed Future Income, where clients pay today for lifetime income several years from now. A new NYL product, Income Plus, also locks in future income, but lets policyholders put some money at risk during the waiting period, a recent prospectus shows.
When will annuities be loved? After all the creative destruction of the past 10 years, what’s next for the annuity industry? Which trends will persist? Which products will flourish? We discuss the trends that Retirement Income Journal expects to cover in 2021 and beyond.
Fixed deferred annuities may be the most promising candidates for inclusion in 401(k) plans. But in order to adapt these contracts to the defined contribution space, they must lose some of the 'illiquidity' that helps make annuities valuable. Some innovative solutions are now on the market.
Publicly-held life insurers are using reinsurance to improve their balance sheets. But at what cost? 'I believe that many of these blocks of business are only being funded in part with real assets,' a forensic accountant told RIJ.
Advisors in particular will be interesting in Harold Evensky's comments on retirement income planning during this 39-minute after-dinner talk and slide presentation at the Pension Research Council's meeting in Philadelphia last May.
“Trading is a largely instinctive activity, strongly related to the amount of testosterone in the body,” writes Martin Hutchinson, our occasional guest columnist.
A debate rages over where small retirement accounts should go when auto-enrolled participants change jobs. There seems to be no British equivalent of the “rollover IRA.”
BrightScope and Target Date Analytics have released the highlights of Popping the Hood V, the latest in their series of reports on target date funds, fund families and companies.
Financial service firms will focus on retirement income offerings, advisor training: Hearts & Wallets
Having "credible, empirical methodologies" for generating retirement income "will become a competitive necessity" for financial services firms in the future, according to the Massachusetts-based research firm.
Conning Research estimates that at the end of 2011, the individual annuity line held about $1.2 trillion in assets and the life insurance industry's free capital could support an additional $600 billion in new assets.
The combined New York State and New York City tax rates are about 12.7% a year. The combined Texas state and Houston city taxes are zero percent per year.