The Weird Math of Charitable Gift Annuities

Here's how the wealthy buy lifetime income while giving zip to insurance companies, a pittance to the IRS and--unless they live a very long time--a sizable gift to charity.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
News
Anecdotal Evidence

The direct channel is growing: Cerulli

Cerulli predicts the direct market will grow to close to $5 trillion and will control close to 10% of retail managed accounts assets by 2014, equating to $380 billion.
Anecdotal Evidence

Millionaire ranks grew by 200,000 in 2011

The total millionaire population in the U.S. has climbed to 8.6 million households, but remains below the pre-recession high in 2007 of 9.2 million.
Anecdotal Evidence

A.M. Best places Hartford’s ratings under review

The Hartford will place its individual annuity business into run-off effective April 27, 2012, A.M. Best said, and is pursuing other options for certain product lines within its Wealth Management segment, including sales or other strategic alternatives.
Anecdotal Evidence

Don’t Cut Pensions, Expand Them

This economist at the New School argues that, rather than curtailing public and private pensions, New York and other states could save millions of workers from impending poverty by creating public pensions for everyone.
Anecdotal Evidence

In Case You Missed the RIIA Conference

This year’s spring conference, held again at Morningstar headquarters in downtown Chicago, may have been RIIA's most substantive, timely and productive to date.