Is This Any Way to Sell SPIAs? You Bet.

Kelli Hueler, creator of the Income Solutions online income annuity sales platform, delivered an academic paper at the Pension Research Council's annual conference at the Wharton School last week, and provided insight into her "out of plan" income option for rollovers from 401(k) plans.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
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Anecdotal Evidence

New CDA offered by Great-West Life for Bank-Affiliated B/Ds

The new "contingent deferred annuity," which attaches a lifetime income guarantee to a portfolio of Vanguard exchange-traded funds, offers potentially higher payouts rates if the 10-year Treasury rate rises.
News
Anecdotal Evidence

Pacific Life licenses Moshe Milevsky’s “RSQ” income planning tool

The tool, which ManuLife, John Hancock and other insurers have licensed, generates a “Retirement Sustainability Quotient” based on a client’s age, current retirement savings and desired retirement income and points to a suitable product allocation.
Anecdotal Evidence

Allstate launches indexed annuities

The Allstate "GrowthProtector" is a savings tool and the "IncomeProtector" has a lifetime income benefit with a 7% annual deferral bonus.
Anecdotal Evidence

Working women save two-thirds as much as men: ING

Among those with savings in or outside an employer-sponsored retirement plan, men have saved $149,000, on average, compared to $108,000 in total average savings for women, according to the ING survey.
Anecdotal Evidence

Quote of the Week

"One of the best uses for low-balance 401(k) accounts is as a 'bridge' to facilitate the deferral of Social Security benefits . But that strategy is household-specific and complex for typical participants to implement, so they will need help. Who has an incentive to provide that help? No one! So we must create that incentive." --Jason Scott, director of retirement research, Financial Engines.
Anecdotal Evidence

Dept. of Ruffled Feathers

I suggested to Kelli Hueler that she has "ruffled some feathers" in the annuity business. The creator of Income Solutions was both surprised and not surprised to hear that.
Anecdotal Evidence

Is This Any Way to Sell SPIAs? You Bet./

Kelli Hueler, creator of the Income Solutions online income annuity sales platform, delivered an academic paper at the Pension Research Council's annual conference at the Wharton School last week, and provided insight into her "out of plan" income option for rollovers from 401(k) plans.