Boomers hope for a long and feisty retirement. But at the Longevity 5 conference in Manhattan last month, experts saw global aging as a threat almost as great as global warming.
'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.
These loss-leaders at the ends of chromosomes, which help determine our longevity, were the basis for this week's Nobel Prize in Medicine.
Presidential Life has engineered a two-tier income annuity where the first annuitant receives benefits for life but the survivor receives income for a period certain or for life, whichever is less.
But Moody's CEO claimed that imposing collective liability could spark frivolous lawsuits and create an unpredictable business environment.
Just 8% of employers believe their employees have a strong understanding of how much money they'll need in retirement.
Employers worry that older workers who "retire in place" may impede the advancement of younger workers.
Almost half of respondents believe that President Obama's plan will have a “very positive” or “somewhat positive” effect.
Guardian is now a strategic partner for LPL Financial's new Retirement Plus Program, which provides products and support for independent financial advisors.