American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.
A new study by The American College's Center for Economic Empowerment and Equality shows that Black women don't trust financial advisers. But to learn the origins of that mistrust, you need to look elsewhere.
New bill would tax billionaires’ unrealized gains; Largest defined benefit pensions near 100% funding: Milliman; Know your ‘end-investor,’ Cerulli urges asset managers; Envestnet Insurance Exchange will carry Equitable RILA.
The safe withdrawal rate is now 3.3%, writes Morningstar Director of Personal Finance Christine Benz. But she adds that retirees could withdraw as much as 5% a year if they obey certain rules and accept certain risks.
Of advisers who serve retirees and pre-retirees with less than $500k in financial assets, 48% say that annuities are more appropriate for these clients than wealthier clients, the Secure Retirement Institute has found.