Even when interest rates are low, adding a lifetime income annuity to a fund portfolio 1) reduces the risk of portfolio ruin, 2) increases current income, and, 3) if the portfolio is shifted toward equities, can enhance the client's legacy.
Insurance super-agent Stan Haithcock, aka Stan the Annuity Man, says that his new cluster of annuity sales websites position him to become the first truly direct seller of fixed annuities in the digital channel. 'This is my shot across the bow to agents,' Haithcock said.
At the EDHEC Risk Institute in France, financial researchers are trying to figure out how advisors can leverage technology to "mass customize" the goal-based approach to retirement income planning. It won't be a walk in the park.
Target marketers, the word "retirement" is a buzzkill. That's what sociologists at research startup MotivIndex concluded after studying Facebook threads, Instagram feeds, and LinkedIn posts.
The DOL wants the investing experience of IRA rollover owners to look and feel like the experience that IRA rollover owners knew when they were participants—an online, low-cost, education-oriented, no-hard-sell, group experience.
'The solution... is to fix the problem of deficient demand not by attempting to further loosen monetary conditions, but by boosting public spending,' says our guest columnist, an economist and author of many books on the global economy.
We are 'making changes to our platform and capabilities that we believe will help advisors grow their practices and support more investors in need of financial advice," said LPL's president in a release.
“There will be unexpected changes to the retirement and wealth management industries, and, to a degree, this cultural evolution is what the proposed rule is hoping to effect,” a Cerulli release said.
Weighted by assets, average equity fund expense ratios fell for sixth consecutive year in 2015, by two basis points to 68 basis points, according to the Investment Company Institute.