AARP's 38 million members can now buy income annuities and fixed-rate annuities on a platform powered by fintech firm Blueprint Income. Buyers get a complimentary annual 'retirement income check-up' from a salaried, insurance-licensed adviser.
'The Federal Reserve can be criticized, and rightly so, for its monetary madness, but at least it is the only central bank that truly analyzes the global demand for US dollars,' writes our guest columnist, a Madrid-based economist and fund manager.
'When government simply puts a dollar of tax cut or transfer increase in our hands, but without purchasing anything, we often simply tuck that dollar under the mattress, so to speak, in which case there is no increase either in demand or supply,' writes our guest columnist, a fellow at the Urban Institute.
Like a tough cut of beef that becomes fit for a king if you cook it for a long time at a low temperature, this new fixed indexed annuity from AIG and Annexus aims to turn the little that the market offers right now into a feast for everyone involved. It’s a marvel of financial engineering.
DPL Financial Partners will distribute no-commission VA from Transamerica; NextCapital to provide 'managed advice' to MassMutual plan participants; Great American enhances its Index Frontier contracts; Equitable enhances its flagship Structured Capital Strategies registered index-linked annuity.