Retirement Income ‘Smackdown’

In a three-way competition at the CFDD conference, the winning income plan was one that maximized Social Security, converted a 401(k) to a Roth IRA, and rebalanced the remaining portfolio monthly.

An Insider’s Take on the ‘Bermuda Triangle’ Strategy

Willis Re, a reinsurance broker, has had an uptick in calls from life insurers hoping to execute what RIJ calls 'The Bermuda Triangle' strategy, thus removing a millstone and reaping a capital windfall. Willis Re executive Mike Kaster explains.

One-Stop Shops for Notes and Annuities

Luma Financial Technologies is now among the structured notes platforms that have chosen to add index-linked annuities to the products they support. It joins SIMON Markets and Halo in that space. In this last segment of our series on indexed products, we examine these new alliances.

(Sheryl) Moore’s Law on Annuities in 2021

RIJ talks with Sheryl Moore of Wink, Inc., the annuity data and consulting firm, about the results of her first-quarter 2021 survey of annuity sales. She shares her opinion on a range of annuity-related topics.
Featured

A New Designation Is Born: the RMA

The Retirement Income Industry Association (RIIA) announced the first recipients of its Retirement Management Analyst designation at its annual meeting last week.

How to Reach the Middle Class Investor

The Society of Actuaries has issued two new papers, one that shows advisors how to create income plans for non-affluent retirees and one that explains why the middle-class shuns advisors.
News

Vanguard’s Low Fees Get Lower

Someone investing $50,000 in Vanguard’s 500 Index Fund, for instance, would pay $35 a year in management fees instead of $90.

Jackson Enhances VA GWMB, adds BlackRock Fund

“We’ve always focused on the cafeteria-style VA product, with various withdrawal and bonus options, and we decided to extend that to the GMWB option. It’s an extension of our ‘give the rep a choice’ philosophy,” Jackson VP Alison Reed said.

For Many Investors, Ten-Year Returns Are Less Than Zero

“About half of U.S. equity mutual fund investors are sitting on paper losses of more than 25% even though the S&P 500 stands exactly at its 10-year average,” TrimTabs' weekly bulletin said. “This helps to explain persistent equity fund outflows despite the recent rally."

Quote of the Week

"We're fooling ourselves if we think there's only one approach" to the challenge of generating a reliable stream of retirement income--Vanguard principal John Ameriks, speaking to the New York Times.

The Bucket

Late-breaking items about Google, Symetra Life, TIAA-CREF, New York Life, The Principal, Putnam Investments and more. . .

Bank Annuity Fee Income Improves in 2Q

Year over year, bank annuity fee income was up 8.0% from the $593.1 million in the second quarter of 2009. First-half 2010 annuity commissions of $1.22 billion, however, were down 7.8% from $1.33 billion in the first half of 2009.