MetLife’s VA Sales are Missed

Total annuity sales are down for the quarter and the first nine months of the year, according to LIMRA. If not for MetLife’s pull-back, variable annuity sales would be close to last year’s pace.

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

Easy Does It

“We will want to be sure that the recovery is established before we begin to normalize policy,” Fed chairman Ben Bernanke said in a speech yesterday.
Anecdotal Evidence

When rates rise, will bond fund owners bolt?

History shows that intermediate-term bond funds are likely to see less flight than junk bond funds, a Schwab executive writes in the Journal of Financial Planning.
News
Anecdotal Evidence

Bull run

Equity and fixed income funds appreciated by $1 trillion through October, according to the latest report from Strategic Insight.
Anecdotal Evidence

Judge rules for participants in ERISA suit

In an ERISA fiduciary suit brought by 401k plan participants, a Minnesota judge has denied most of the motions by the attorneys for the plan sponsor, Ameriprise Financial, to dismiss the complaint.
Anecdotal Evidence

“Quote” of the Week

"Intelligence is knowing what to do when you don't know what to do"--Anonymous.