New federal reverse mortgage rules make it cheaper for seniors to tap their home equity for a line of credit.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
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.)
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...