A month after Ford’s pension buyout offer, GM is offering some salaried retirees a choice of a lump sum buyout or lifetime income from Prudential. Both automakers took advantage of a change in discount rates to reduce obligations.
Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.
Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?
The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
In the newest version of Prudential's Highest Daily lifetime income rider, the former M&E charge is split into an temporary premium-based fee to recover acquistion costs and a smaller, persistent M&E fee based on the account value.
Under the latest version of GMIB Max, contract owners who take withdrawals before the fifth contract anniversary are locked into a maximum 4.5% per year withdrawal rate. If they defer withdrawals for five years, they can take out up to 5% for
Under the latest version of GMIB Max, contract owners who take withdrawals before the fifth contract anniversary are locked into a maximum 4.5% per year withdrawal rate. If they defer withdrawals for five years, they can take out up to 5% for life.
CEO Brad Hewitt said the company hasn’t decided whether it would need to change its name if it changed its customer base. "We haven't figured that out yet," he said. “The reality is, the practical thing is, people call us ‘Thrivent,’ “ he said.
Ten of 12 recordkeepers surveyed and one in three plan sponsors predict an increasing focus on retirement income for the next three-to-five years, according to the MetLife Retirement Income Practices Study.
The investment options include TOPS Protected ETF Portfolios, which use a short equity index futures strategy designed by Milliman to reduce volatility.
Brief or late-breaking items from Wells Fargo, Securian Financial, The Phoenix Companies, Great-West Life & Annuity, Financial Engines, LPL Financial, the Concord Coalition, Morningstar, Jackson National and JP Morgan.
“Some people may feel like they’re pushing mud up hill,” said Karen Wimbish, director of Retail Retirement at Wells Fargo, in describing Americans who are trying to save in a low interest environment.
Balkanization, conflicted corporate governance, and failed public-private hybrids are three prevalent structural problems that defy solutions.