Achaean Financial and Ash Brokerage, a large Fort Wayne, Ind., BGA, are partnering on a potential retirement game-changer: Achaean's immediate indexed income annuity, couched in Ash's JourneyGuide planning software. The underwriter has yet to be named.
Why not give older Americans the flexibility to turn their Social Security benefits off and on during their 60s? asks our guest columnist, a fellow at the Urban Institute and former Treasury official.
New VA riders
Nationwide has also introduced an “Income Carryforward” feature. As described in the prospectus, it allows contract owners 'to roll forward one year of unused income during the income phase.'
'The Fed appears to be taking actions that are not obviously necessary to meet its stated objective of smooth market functioning,' writes Duy, an economist and Fed-watcher at the University of Oregon.
Athene's $500 million investment and $1.25 billion reinsurance deal with Jackson National is expected to boost Jackson's Risk-Based Capital (RBC) ratio by about 80 percentage points.