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.
Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.
A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
Matt Zagula is an annuity wholesaler and fixed indexed annuity (FIA) designer. He and forensic accountant Tom Gober created the TSR ratio, a scale for rating FIA issuers. Mutual and fraternal insurers score best; private equity-led life insurers score worst.
This report on first-quarter changes to variable contracts, produced by Morningstar's John McCarthy, is a must-read for anyone trying to stay abreast of the VA market.
An article in The Hill, the respected Washington newspaper and website, has gotten the DOL's conflict of interest proposal all wrong. It doesn't even mention rollover IRAs.
"Asset managers should enjoy the QE bonus flows while they last. But the pattern is unlikely to be different from previous cycles, and the end may already be in sight," a Cerulli analyst said.
Moshe Milevsky and the QWeMA group developed the PrARI service in 2008. It is used by a variety of financial institutions in support of their retirement income programs and practices.