Three Steps to Annuity-Free Income
For retirees who say, 'Don't sell me a product!', Thornburg Investment Management recommends a retirement income strategy built on 'endowment' spending, three buckets and its own dividend fund.
‘Decumulation is Like a Rubik’s Cube’
The Money Management Institute has identified 34 financial services firms that have created what it calls Personal Retirement Income Solution Management (PRISM) tools or programs.
In Denim or in Suits, New Yorkers Want Market Reform
An 'Occupy Wall Street' protester at New York's Zuccotti Park expresses her opinion. The same day, at the NY Athletic Club, Wall Streeters themselves criticized their own industry.
RSQ-y Business at John Hancock B/D
John Hancock Financial Network will offer its advisors the Retirement Sustainability Quotient, an income planning tool that Moshe Milevsky (pictured) developed for ManuLife Financial, JHFN's Canadian parent.
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MetLife, Sun Life feel the pressure from low interest rates
MetLife's reduction of the deferral bonus on its hot-selling GMIB Max VA rider by a half-percent and news that Sun Life's strength rating is under review are symptoms of the impact of ultra-low interest rates on VA issuers.
News
Gov. Perry’s tax plan, analyzed
The Tax Policy Center estimates that the Perry plan would lower federal tax liability by $995 billion in calendar year 2015 compared with current law, roughly a 27 percent cut in total projected revenue.
Mercer adopts Financial Engines’ Income+ program
In contrast to Prudential’s IncomeFlex or Hartford’s Lifetime Income, which involve purchases of insurance products prior to leaving the plan, Income+ offers an optional “out of plan” purchase of a life annuity after rollover.
Annuity inflows for 2011 peaked last March–DTCC
Inflows for all annuity types processed in September declined by 19% to $6.7 billion from $8.3 billion in August, according to the Depositary Trust and Clearing Corp.
Liberty Mutual’s new fixed deferred annuity offers three options
Purchasers of the product can choose among three modules—Extra access, Extra care and protection, or Extra assurance.
The Plot to Kill Social Security
Is it paranoid to believe that the assault on Social Security is orchestrated? Or is Halloween getting to me?
