Six Ways to Dress Up QLACs

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.

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

Moshe Milevsky on Tontines

Moshe Milevsky's latest book, King William's Tontine, is reviewed here by University of Oklahoma law professor Jonathan B. Forman, himself a tontine expert. Milevsky and Forman think that tontines, an archaic, now-illegal type of annuity, are ripe for a comeback.

RetirePreneur: Lowell Aronoff

Lowell Aronoff is CEO of CANNEX Financial Exchanges, which provides up-to-date annuity pricing data for life insurance companies and distributors.
News

LPL to pay at least $11.7 million for range of abuses

LPL, which had revenues of $1.1 billion in the first quarter of 2015, was charged with “broad supervisory failures in a number of key areas.” The broker-dealer consented to the entry of FINRA’s findings without admitting or denying the charges.

Retirement Clearinghouse reaches $3 billion in ‘roll-ins’

"More plan sponsors are promoting and facilitating roll-ins of accounts as a cost-effective way to improve plan performance metrics, as well as retirement outcomes for participants,” said Spencer Williams, the firm’s president and CEO.