New federal reverse mortgage rules make it cheaper for seniors to tap their home equity for a line of credit.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
Think your clients need $1.25 million to retire comfortably? In a new book, advisor Craig Israelsen argues that they can live even better on less than $750,000.
On September 26, Los Angeles moneyman Stanley Chais may have taken the secret of the Ponzi artist’s missing billions to his grave.
"The federal government is like 10,000 bugs on a log floating down a river, and every bug thinks he's steering the log."--Herman Kahn, as quoted by Marsh Carter, chairman of the New York Stock Exchange, at the RIIA annual meeting this week.
Pacific Income Provider offers 10 payment options, including Life with Cash Refund, inflation adjustments, and the one-time ability to increase or decrease income payments.
For an extra annual fee of 60 basis points, the Simple Income III Rider also offers an 8% annual roll-up of the benefit base.
The software will solve for a “floor” of guaranteed retirement income, and can incorporate a variety of income sources in the “flooring” calculation.
The two biggest effects of the legislation are likely to be greater access to market for nonadmitted insurers and single-state regulation and financial reporting for reinsurance companies.
Late-breaking items about the Financial Planning Association, InFRE, Principal Financial, Mutual of Omaha, AllianceBernstein and more...