VA issuers should take a cue from Michael Jordan, and realize that team players win more championships than individual stars, advises Bing Waldert of Cerulli Associates.
Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. 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.
Consulting actuary Tim Pfeifer, a self-professed fan of the guaranteed lifetime withdrawal benefit, spoke with RIJ about the evolving variable annuity market.
Prudential, MetLife and Jackson National, which have dominated sales since the VA industry's post-crisis shake-out, all added to their market share in the first quarter of 2011, according to Morningstar's quarterly VA report.
The value of annuity assets held outside retirement plans was $1.637 trillion in 1Q 2011, its highest point since the third quarter of 2007, according to the ICI Retirement Industry Report.
A new report from the General Accounting Office shows, among other things, that delaying Social Security can be cheaper than taking it early and making up the difference with an income annuity.
Probably, says ERISA expert Fred Reish--but not if the model is managed by a 'discretionary fiduciary.'
The latest Fidelity poll of older married couples suggests that their pillow talk rarely includes retirement matters.
Welcome to Retirement Income Journal’s Variable Annuity Month. We’re devoting all four of our weekly issues in July to the promise and the problems of variable annuities.