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.
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
Bond gurus Anne Mathias of Vanguard and Rick Rieder of BlackRock spoke at the Morningstar Investment Conference last week. Emerging markets, real estate debt, and asset-backed securities are potential sources of yield, as are dividend-paying stocks, they said.
J. Mark Iwry spoke to a National Press Foundation group about the Automatic IRA, the Saver's Credit and the R-Bond, which he hopes will work in unison to bring employer-based retirement plans to workers who currently don't have them.
Is calling longevity a "risk" the best way to connect with our clients and prospects on this critical and often sensitive issue?, asks the chief operating officer of the Retirement Income Industry Association.
Quincy Krosby, a former Assistant Secretary of Commerce and U.S. representative to the International Monetary Fund, has joined Prudential Annuities in the newly created position of chief market strategist.
Beacon Research has released the names of the top-yielding certificate-type fixed annuities, as of June 15, 2009. The effective yield of Protective Life's 15-year ProSaver Platinum fell to 5.25% from 5.45% over the prior two weeks.
If given enough time to deliberate, seniors are no more risk-averse or conservative than young adults, according to research by Advantage Compendium's Jack Marrion.
For top advisors, retirement income planning involves a step by step process; it's not about picking the right annuity or right mutual fund, says consultant Howard Schneider.
Difficult economic conditions have spurred broker-dealers to outsource some of the functions that they once provided internally, said David Robinson, managing director of national accounts at FundQuest.