In this latest income solution for "Andrew and Laura," a real couple near retirement, Bryan Anderson of AnnuityStraightTalk and Nathaniel Pulsifer of DCF Exchange combine a secondary market annuity, an indexed annuity and equities for safety and upside.
There would be no better way to jump-start awareness of longevity risk than by making withdrawals from qualified longevity annuity contracts tax-free. By reducing dependence on public assistance, the move could even pay for itself.
Who is a South African startup going to call when they need advice on creating a tontine-like micro-pension for low-income workers? Our guest columnist and tontine expert met with a pension provider called 'Nobuntu' and some prospective pensioners.
Advisors at wirehouses and national broker-dealers will be do less investment management and focus more on client relationship-building and financial planning, explains Tom O'Shea, associate director at Cerulli.
Matt Fellowes, who sold HelloWallet to Morningstar for $52.5 million, is introducing United Income, a digital advisor that promises even to help clients sign up for Social Security and Medicare. The all-in cost: 80 basis points per year.
'While total variable annuity sales rose slightly,' said John McCarthy, Senior Product Manager at Morningstar, “the largest increases were in non-qualified sales. We are also seeing growth in newer investment-oriented products such as structured annuities.'
In a new posting, ERISA expert Marcia Wagner helps financial advisers and financial institutions answer the question, 'What do I do during the Transition Period?'
Consumer research from Jackson National and Insured Retirement Institute, Bitcoins for your IRA, Aite's growth projections for robo-advisors, AXA hires gerontologist Sandra Timmerman and MassMutual finds that Venusians worry more about money than Martians.