After MIT and a stint at Merrill Lynch, Carlos Garcia decided to start Finhabits, the first bilingual English and Spanish robo-advisor and savings tool. It's for first-time savers. It's also one of the first options available on the Washington State retirement plan marketplace.
Five financial professionals commented on our April 5 story about my neighbor's encounter with an advisor who recommended an indexed annuity for lifetime income. She should 'run like hell,' one of them wrote.
'The Field Assistance Bulletin is somewhat difficult to understand,' said the pension attorneys at Wagner Law Group in a public memo about the DOL's announcement.
AXA, which is Europe’s second-biggest insurer by market capitalization behind Allianz, has said that the proceeds will help finance its earlier acquisition of insurer XL Group.
'Each one percentage point increase in Social Security's Delayed Retirement Credit is associated with a roughly one percentage point increase in the employment rate of men ages 65 to 69,' a new study points out.
'In 2016, the participation rate was just 47.3% of family heads with annual family income of $10,000 – $24,999, compared with 89.9% for those with annual family income of $100,000 or more,' a new report from the Employee Benefits Research Institute said.
Principal Financial to purchase more shares, Prudential inks longevity transfer deal and publishes financial wellness study, FedEx buys group annuity from MetLife, Piwowar resigns from the SEC, and Nationwide invests in fintech.