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.
Franklin Templeton SVP Drew Carrington says his firm's Defined Maturity Funds, which work like bond ladders, could provide retirement income for 401(k) participants, and could be paired with qualified longevity annuity contracts.
A mortality and longevity expert at Willis Towers Watson writes that 'the variability of the mortality impact by age makes the impact highly variable by type of insurer.'
Negative real interest rates have become a disincentive to personal savings, especially among lower-income Americans who will rely heavily on Social Security and Medicaid anyway, this team of economists from Stanford suggests.
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.