This story includes a handy chart that can help you compare the features of the deferred income annuity contracts currently offered by eleven U.S. life insurers. MetLife’s is the newest and most flexible.
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
As we curse the low payouts of income products, it’s worth remembering that the fault isn’t entirely in our stars (low interest rates), but also in ourselves (insufficient savings).
'It is now acceptable to talk about inequality in America... This might explain why Piketty’s book has received greater attention in the US than in his native France,' writes this professor at Princeton's Institute for Advanced Study.
“Fund flows have shifted dramatically beneath the market’s calm surface,” said TrimTabs CEO David Santschi, in a release. 'Investors showed an overwhelming preference for value over growth.”