In this first of a series of RIJ articles on the evolution of fixed indexed annuities, you’ll hear from people at three broker-dealers: One who embraces them, one who still avoids them and one who sells them with mixed feelings.
Many outstanding research papers on retirement income were published in 2013. The ten described here contain ideas that annuity product developers, annuity marketers and financial advisers can apply to their work.
At the "T3" financial software trade show last week, a pair of robots warmed up the crowd with jokes about the limitations of high-tech planning tools. RIJ visited with reps from three tech firms: RetireUp, AskTRAK and Riskalyze.
After my father died, I called his reverse mortgage lender and said the house was theirs. Little did I know that I'd get "sued," that the house had to go through foreclosure and that the process would take over a year. There has to be a better way.
Bloomberg and Strategic Insights gave two opposing views of defined contribution plans in separate reports in recent weeks. Bloomberg reporters called DC plan sponsors stingy. Strategic Insights, in a broader survey, found an opposite trend.
'To me, retirement is the most interesting area of finance because it’s about how we live our lives,' says Hearts & Wallets consultant Laura Varas. 'We should give people the freedom to plan, and then give them guidelines that make it safe for them.'
In a new white paper, the American Academy of Actuaries has reiterated its recommendation that the Social Security program be put on a permanently solid financial footing, but did not rule out the use of individual accounts.
The standard Medicare Part B premium is $1,258.80 a year and covers about 25% percent of Part B program costs, according to a new AARP Fact Sheet. People with higher incomes pay $1,762.80 to $4,028.40 a year for part B.
Following the lead of groups in California and a few other states, labor organizations in Connecticut are backing legislation to create a public, IRA-based retirement plan for workers in companies without plans. A hearing on the bill was set for Tuesday in Hartford.
As if he relishes poking Brian Graff in the eye, President Obama included two elements in his 2015 budget proposal that especially irk the CEO and executive director of the American Society of Pension Professionals and Actuaries.
"Greater lifetime income, through Social Security, pensions and/or lifetime annuities, allows individuals to increase both their withdrawal rates and equity allocations," says the adviser to individuals, institutions and financial intermediaries.