Michael Finke of Texas Tech, John Salter of Evensky & Katz Wealth Management, Larry Cohen of Strategic Business Insights and others presented at the Retirement Income Industry Association's annual meeting, held this year at Dimensional Fund Advisors headquarters in Austin, Texas. (Above, the DFA lobby).
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
"MyPath is less a statement on interest rates than a reflection of our desire to allow advisers to dial-in what each client needs," said Dan Kruse, second vice president and individual annuity actuary at Securian Financial Group.
Research from Morningstar's David M. Blanchett introduces two equations for implementing an efficient dynamic withdrawal strategy based on different expected time periods, portfolio equity allocations, the likelihood of achieving the goal, and fees (or alpha).
The Core Income 7's Core Income Benefit rider is automatically included at an additional cost of 1.05% of the contract’s accumulation value, the company said in a release.
AllianceBernstein's new Z shares will be offered without 12b-1 fees or sub transfer agency fees and there is no minimum initial investment requirement.
"The money will be retained by the state pension fund, and... is supposed to become a sort of an air bag that will be activated in case an emergency breaking of the national economy occurs,” the head of VTB Capital Investment Management told IPE.com.