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

It’s Back: The Hartford’s In-Plan Income Annuity

With United Technologies' recent adoption of an in-plan annuity, it now appears more likely that guaranteed income will eventually become commonplace in the defined contribution space. The Hartford, after a false start, has jumped back in that game.
News
Anecdotal Evidence

Record annuity sales at bank holding companies

Three-fourths (74.7%) of bank holding companies with over $10 billion in assets earned first-half annuity commissions of $1.46 billion, constituting 95.2% of total annuity commissions reported by the banking industry.
Anecdotal Evidence

Vanguard adds GLWB to its private-label variable annuity

The rider is issued is by Monumental Life Insurance Company, and costs 95 basis points a year in addition to the cost of the no-load VA, which ranges from 36 to 81 basis points, depending on the investment options chosen.
Anecdotal Evidence

The Bucket

Brief or late-breaking items from Sun Life Financial, Vanguard, Mass Mutual and the SPARK Institute.
Anecdotal Evidence

The Implications of Europe’s Solvency II

As Europe raises its bar on insurance regulation, it's in America's best interest to follow suit, writes Ms. Toland, managing director, Retirement Income Consulting, at Strategic Insight.