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.

Annuities and the Charles Schwab Deal

Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.

Marshmallows and Social Security

Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
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.