Couples can expect to spend $200,000 or more on premiums, deductibles and co-pays in retirement. This article is the first in a series on retirement risks.
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.
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
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.
The so-called “public option,” declared dead last summer, is very much alive in H.R. 3962.
In other news, Prudential said gross variable annuity sales for the third quarter reached a record $5.8 billion, compared to $2.5 billion a year ago. Net sales were $4.4 billion in the quarter.
The $455 million profit in the third quarter compared with a loss of $24.5 billion for the same period in 2008. AIG is 80% owned by the U.S. government.
Investor sentiment leads rather than follows the market, two economists say. And that may make stocks fundamentally risky.
About one-fourth of over-65-year-olds in America have incomes lower than half the U.S. median household income, a report by the Organization for Economic Co-operation and Development said.
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