A Short Cut to Long-Term Care Insurance
United of Omaha, Genworth Life, Bankers Life, and OneAmerica have introduced LTC/annuity hybrids in the run-up to January 1, 2010, when distributions from annuities to pay nursing home bills will be tax-free.
Raising Private Savings
What might be called the financial version of universal health care is currently the topic of intense discussions and negotiations on Capitol Hill.
Under Putnam’s Hood, A Fidelity Engine Roars
In the past year, Putnam Investments owner Great-West Lifeco has recruited (l-r) Fidelity veterans Robert L. Reynolds, Jeffrey R. Carney and Edmund F. Murphy III, among others, perhaps to capitalize on Obama's plan for universal retirement savings coverage.
A Smarter Form of SWiP
Financial advisor Larry Frank Sr. of Rocklin, Calif., a small town in the arid foothills of the Sierra Nevadas, has fine-tuned the classic 4% "SWiP" approach to drawing down retirement income.
News
Future of VAs a ‘Wildcard,’ Conning Says
“We'll have to see how this market plays out,” said Terence Martin, vice president of insurance research at Hartford-based Conning Research and Consulting.
Employers Not Responsible for Retiree Income, Most Plan Advisers Say
“A mutual funds/fixed annuity combination” and “variable annuities with a guaranteed minimum withdrawal benefit” were the “most attractive” options for retirement income planning/distribution.
Eight Join Advisory Board at American College’s New York Life Center for Retirement Income
The Center, directed by Kenn Beam Tacchino, JD, offers technical knowledge to financial advisors and agents in matters related to the retirement decisions facing clients.
Fitch Downgrades Nationwide Mutual to “A”
VA writers like Nationwide continue to be under pressure from the decline in equity market values, which have required additional general account reserves to cover guarantees, Fitch said.
Got Anger? ShareOwners.Org Cites Investor Indignation
ShareOwners.org wants stronger regulation of the securities industry, increased accountability of corporate boards and CEOs, greater financial transparency and protection of the legal rights of investors.
Top-Yielding Certificate-Type Fixed Annuities
Effective yields ranged from 1.75% for a two-year contract with a one-year bonus to 5.25% for a 10-year contract.
