By Kerry Pechter
Participants in plans with MetLife group annuity contracts can put 25% of their qualified savings (up to $125,000) into this new deferred income product, whose premium can be excluded from RMD calculations until age 85. A MetLife QLAC for rollover IRAs will come later.
By Kerry Pechter
The Amazon-ification of financial services will eventually disintermediate tens of thousands of financial salespeople. If you didn't get the memo already, consider the conflict-of-interest proposal a final wake-up call.
By Kerry Pechter
Until April 6, most Britons bought annuities with their DC savings. Now they can do as they wish with those ‘pension pots.’ BlackRock and AllianceBernstein see opportunity.
By Kerry Pechter
RIJ spoke with annuity manufacturers and distributors about their strategies for selling qualified longevity annuity contracts, which are deferred income annuities for IRA money. The favorite, but not unanimous, strategy is to emphasize reductions in RMDs.
