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.
Touring this marble-walled canyon, I could see millions of years into Taiwan's geological past and a few years into its demographic future.
Over lunch in Taipei, economist Jack Wu explained the pension dynamics of an aging society.
In Matt Greenwald's "mystery shopper" experiment, near-retirement couples met with eight financial advisors to find out if they would recommend income annuities. None did.
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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