Lounging by the (Mortality) Pool

The climate was ideal, but annuities upstaged sunbathing at the 2012 Retirement Industry Conference at Walt Disney World Resort in Orlando last week.

The Sacrificial Payroll Tax

Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.

An Income-Generating ‘Collar’

Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?

Life Insurers’ Bermuda Triangle, Part II

The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Featured
News

Medicare budget numbers: bad, worse, and confusing

Social Security and Medicare accounted for 36% of federal spending in fiscal 2011, say the program's trustees. Through the mid-2030s, population aging and lower-birth-rate generations entering the workforce will cause costs to grow faster than GDP.

Debt can make you sick

Being in debt can cause stress, and stress can multiply the risk of illnesses as varied as ulcers, depression and heart attacks, the American Psychological Association claims.

Fidelity, USAA, Vanguard are “top of mind” for affluent investors

Other top-of-mind firms include American Funds, Charles Schwab, Franklin Templeton, T. Rowe Price, TD Ameritrade, and TIAA-CREF. Not far behind are Genworth, John Hancock, MassMutual, MetLife, Nationwide, Northwestern Mutual, New York Life, Prudential, The Hartford, and The Principal, said Phoenix Marketing International.

The Bucket

Genworth CEO resigns, and other brief or late-breaking news from MetLife, Nationstar, The Hartford, Forethought, Jackson National, Prudential International Investments Advisors, Northwestern Mutual, and National Financial Partners, Pentegra Retirement Services and the U.K. Office of National Statistics.

Quote of the Week

"Life is really quite stochastic in nature." -- Robert O'Donnell, president, Prudential Annuities, addressing the 2012 Retirement Industry Conference in Orlando, April 26.

Springtime is for SPIAs, Etc.

Here at RIJ, May is the month when we focus on income annuities. Expect to hear a lot about SPIAs, SPIVAs, DIAs, and/or ALDAs over the next several weeks.