Under Cathy Weatherford’s command, the IRI annual conference has become smaller, more strategic, less tactical, and more Washington-oriented.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
President Obama has left open the possibility of capping the tax on dividend income at 20%, says tax pundit Andy Friedman, but that would cost the government an estimated $100 billion in tax receipts.
“Doc, I can’t sleep. I stay up all night, trying to figure out who I should vote for,” said the Undecided Voter as he reclined on the leather longue...
"The president thinks that over $250,000 is wealthy and under $250,000 isn't wealthy. I know that you don't think of $250,000 as wealthy. You feel that $250,000 means you're broke with better things" -- Andy Friedman of TheWashingtonUpdate.com, addressing executives at the IRI Conference in Chicago.
SunGard is providing “a technological advancement that will help make retirement income options more readily available to DC plan participants,” said SunGard’s COO.
The Annuity Intelligence Report (AI Report), one of Advanced Sales’ two product lines, is a web-based service that helps render variable annuity products more understandable to broker-dealers, insurers, advisers and clients.
It’s riskier to try to live off the interest of your savings or to use a 4% drawdown than to buy an inflation-indexed income annuity, according to a study conducted by the Center for Retirement Research at Boston College and sponsored by Nationwide Mutual.
Without changes in tax and spending rules, the national debt will rise from 62% of GDP now to more than 100% of GDP by the end of the decade, says economist Martin Feldstein.
U.S. households generally are “not optimistic about their economic futures," Rand analysts say.