A 'grey market' phenomenon in more ways than one, Airbnb’s lodging website allows Boomers and others to boost their retirement incomes and, conversely, to afford their dreams of retirement travel.
The distinctive aspect of Northwestern Mutual's Select Portfolio deferred income annuity is that the contract owner can earn income-enhancing, inflation-protecting dividends over the life of the contract. (Photo: Northwestern Mutual's flagship building in Milwaukee.)
Iceland's economy and pension system has come back from the "kreppa" or banking crisis that struck five years ago. This country of the aurora borealis and matronymic last-names is full of surprises (Photo by Bjorn Ludviksson).
Good advisors think of themselves as healers, in a way. Larry Ford takes that concept to a new level. Has he totally lost his mind, or is he onto something?
Helped by a bull market that pushed the DJIA over 15,000 for the first time, VA assets under management at the end of the first quarter 2013 reached a new record of $1.72 trillion, up from $1.64 trillion at the end of 2012.
Carriers filed 97 VA product changes in the first quarter of 2013, down from 101 in the fourth quarter of 2012 and 59 in Q1 of last year. Benefits continue to shrink and volatility controls on subaccounts have become more common, according to Morningstar's Annuity Solutions product manager.
“Financial services firms should be looking at the retirement market not just for the immediate opportunity offered by Boomers but preparing for the possibility of long-term, sustained growth as Gen X and Y consumers prepare for retirement,” a LIMRA release said.
Posing as plan participants about to change jobs, the GAO called IRA rollover counselors at 401(k) providers to see if the recommendations were biased in favor of rollovers and against roll-ins to the job changer's next employer's 401(k) plan. (Pdf and video attached).
“Deferred income annuities were a bright spot in a difficult quarter,” said Jeremy Alexander, CEO of Beacon Research. “Ongoing product development and increasing sales underscore the importance of generating guaranteed retirement income for consumers and their advisors.”
"Selfish and contentious people will not cohere, and without coherence nothing can be effected" -- Charles Darwin, Descent of Man and Selection in Relation to Sex (1871).
Brief or late-breaking items from DST, BB&T, and Vanguard.