What’s In Their Wallets?

Vanguard inventoried the wealth and income of affluent older Americans and found that a surprising number of them are still receiving defined benefit pensions. Income-wise, Vanguard identified eight types of afflluent retirees.

Drama in Des Moines

Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for American Equity, and makes it a 'Bermuda Triangle' player. Photo: AEL headquarters in Des Moines.

The Five Most Important Retirement Income Decisions

'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'

A Closer Look at CLOs (and Other U.S. Credit)

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.
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Getting the Exclusion Ratio (Without Annuitizing)

AXA and, most recently, Lincoln Financial, are marketing variable annuities that combine investment flexibility with variable income options that (for non-qualified contracts) allow regular tax-favored distributions without annuitization.
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Zombie Politics

America is paralyzed by short-sighted, long-lasting tax and entitlement policies that deceased politicians locked us into. In his new book, "Dead Men Ruling," economist Eugene Steuerle of the Urban Institute says its time to restore 'fiscal democracy.'