Every July, RIJ assesses the VA market. This year, we look at the “investment only” or “IO” VA, the structured VA, and the VAs with novel income options. All address the public’s need for growth and safety without costing a lot or threatening to backfire on the issuer.
Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insures. Lincoln Financial is the sole exception.
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
“Early next year, or potentially sooner depending on the pace of economic improvement, the FOMC may well begin to raise interest rates in gradual increments,” said the CEO of the Dallas Fed in a speech this week.
I was staring into the smirking face of Moral Hazard itself. The stain of it was smeared on me too, because I was wishfully thinking that the condo might not involve me after all.
"At some point you cross the line from reviving markets to becoming the bellows fanning the flames of the “Booming and Bubbling”... I believe we have crossed that line. I believe we need an adjustment to the stance of monetary policy" -- Richard K. Fisher, CEO, Dallas Fed.