Touring this marble-walled canyon, I could see millions of years into Taiwan's geological past and a few years into its demographic future.
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.
Near-retirees who are in Jim Otar's "crowded" Red Zone don't have a lot of options. "Their only choice is annuities," writes the Canadian author/advisor in the concluding chapter of his new book.
Bank of America’s new service, My Retirement Income, is a revival of a program created at Merrill Lynch in 2006.
The $300,000 figure is one of 10 “myths” that the FRC dispels in a new report, “Making Sense of Investor Needs in the Retirement Income Market.”
During the first nine months of 2009, Jackson, a subsidiary of the UK's Prudential plc, generated $6.7 billion in VA sales, a 32% increase over the same period of 2008.
After losing $258 million in the third quarter of 2008, Genworth reported net income of $45 million in the same period this year, before provision for non-controlling interests.
“A lot of plan consolidation is taking place and those plans that are changing providers want a seamless transition,” a MassMutual executive said.
If the Australian economy continues to expand as expected, rates could return to “a more normal 5%” in the next year or two, one analyst said.