"blooom is like a dietician who doesn’t just give you advice on how to eat. It’s like a dietician who actually drives to your store, does your grocery shopping for you and comes back to your house and cooks all your meals for you,” says blooom co-founder Chris Costello (above).
At the IRI annual conference in this quaint colonial village, the annuity industry shared a sense that, after several hellish years, the worst may be over.
“I think is an opportunity for a win-win-win,” says Lew Minsky, executive director of DCIIA. “If you keep more people invested for retirement, all of the players in the system benefit. You’re growing the system.”
At $64.8 billion, net flows into Vanguard funds in the first half of 2014 were greater than the flows of the next five fund families combined, according to Morningstar’s mid-year analysis.
"This is one of those time periods where the stuff in the middle has surprised by not performing in-between the stuff on the ends," writes West Coast market philosopher Ron Surz in this assessment of U.S. and global stock performance so far in 2014.
"If the next 20 years are similar to the last five, with very slow growth and median incomes declining, then the budget deficit will grow inexorably larger and Social Security payments after 2033 will be far lower than they are at present," worries our ever-bearish guest columnist.
At present, according to a new survey by CANNEX and Mathew Greenwald & Associates, only 16% of consumers score highly on the GLI Appeal Index, which measures the likelihood that consumers will consider a future income annuity purchase.
The ratings agency's recent survey asked companies to identify how they planned to invest new money in 2015, and alternative assets also were viewed in terms of investment perspective and ownership impact.