Compensation-wise, income annuities can backfire for many advisors. An industry committee wants to solve the problem, but it’s not easy.
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.
Cogent Research has tapped into the attitudes of wealthy retirees and pre-retirees toward retirement income products.
A survey suggests that not all is rosy in 401(k) land. At 120 large plans, the median account balance is under $25,000, 30% of participants have loans, and 3-year annualized returns are under 2%.
Year-over-year, the election rate fell by one percentage point, to 86%, in the first quarter of 2011 for all types of guaranteed living benefits.
Generally, low levels of ability to access $2,000 on short notice correlated with low income. But the researchers were also surprised to see so many high-income households without $2,000 readily at hand.
A new white papers shows that plan participants want flexibility, safety, advice, sponsor oversight and fee transparency from financial products and service providers.
Brief or late-breaking items from DST, Lincoln Financial, Symetra and Prudential.
Two weeks ago, when Prudential plc's CEO told analysts that he envisioned unspecified risk reductions in Jackson National's VA by end of year, he clearly didn’t realize that his statement could muddy Jackson's well-honed "story."