Over lunch in Taipei, economist Jack Wu explained the pension dynamics of an aging society.
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
Speakers Wade Pfau and Curtis Cloke showed planners at the Financial Planning Association's 2019 conference in Minneapolis that income annuities can provide growth as well as protection.
Recent research offers new insights into financial decision-making, the decision to work after retirement, and reveals surprising links between aging and interest rates, the rise of the service economy, and the 'shadow banking' phenomenon.
"If you are in the gray zone, be very leery about any strategy that does not involve some form of annuities," Otar writes.
Hartford Life’s new Personal Retirement Manager is three products in one. It bundles a deferred income annuity with a variable investment and a fixed return account.
The Fed intends to cut executive pay at bailout recipients Citigroup, Bank of America, the American International Group, General Motors and Chrysler.
“My own father, who had a stroke last year, has seen his prescription drug costs skyrocket," said U.S. Secretary of Labor Hilda Solis.
The Insured Retirement Institute testified that given the current regulatory protections, adding another layer of regulation to the insurance industry is unnecessary.
Last year, by contrast, beneficiaries received a 5.8% COLA, as spiking gas prices triggered the largest increase since 1982.
“By attacking waste, health care costs can be reduced without adversely affecting the quality of care or access to care,” said Robert Kelley of Thomson Reuters.