Together, PIMCO's TIPS-based managed payout funds and MetLife's longevity insurance mitigate two big retirement risks: inflation risk and the risk of outliving one’s savings.
'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.'
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.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
Investing in Treasury bonds to fund a retirement annuity would make individual Americans and the nation more financially secure, claim academics Terrance Odean (above) and Henry T.C. Hu.
In January, the ruling party suggested that the public pension should be funded with payroll deductions, and that there should be a taxpayer-funded guaranteed minimum benefit of ¥70,000 ($860) per month for the poor.
Sun Life is one of only five VA issuers with products on the new Fee-Based Variable Annuity (FBVA) Platform set up by broker-dealer LPL Financial.
A majority (54%) of public pensions report their current funding status to be below 80%, including 16% that are below 60%.
The wholesaling unit of Phoenix is developing a retirement planning program that provides formats for group and individual discussions between producers and clients.
"In Doubt We Trust?" extends the company's video series exploring the attitudes of Americans as they prepare for and live through retirement.
Douglas Harding and Troy Jackson have joined Lincoln Financial Distributors as regional sales directors.
The concept of the individual health insurance mandate originated in 1989 at the conservative Heritage Foundation, according to the website Procon.org.