MetLife’s Retirewise program offers hundreds of brown-bag seminars, like the one depicted in this ad, for 401(k) participants at firms where MetLife isn’t the provider.
Here's an income plan for a hypothetical 65-year-old couple with $1.6 million in savings, a real income goal of $8,000/mo. in retirement, and a legacy goal of $1.5 million.
CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.
The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
The contract costs 2.25% a year, including 100 bps for the income rider, 75 bps for the M&E risk fee, and 50 bps for fund management, says Bill Lowe, president of ING Financial Solutions.
Even good retirement plans can backfire if you do not carefully consider the effect of disability and lost earning power on retirement savings.
“Most employees are losing a very material amount of their retirement assets due to fee-related erosion,” the consulting firm said.
With this product and others like it, the cost of LTCI is greatly reduced because the fixed annuity assets serve as a very large deductible.
“So far we've been raising awareness of the crisis in retirement income,” said Nancy Hwa, a spokesperson for Retirement USA.
Merrill Lynch's billboard urges Times Square visitors to send text messages naming the thing they'd most like to “retire.”
Britain is developing a system of personal investment accounts targeted at low and middle-income workers who may or may not have a workplace savings plan.