Selling Income Annuities on Greed, Not Fear

Iowa advisor Curtis Cloke claims that his 'Thrive” system,' which finances retirement with period certain, cash-refund deferred income annuities, offers safety without sacrificing upside. He's one of RIJ's 'RetiremEntrepreneurs.'

Out of Commission

Wondering what life under a strict fiduciary standard might be like? Just ask investors in the U.K. (also known as 'the nanny state') where sales commissions were banned from financial services last January.

The Elephant in the Room

It's difficult if not impossible for anyone to describe the contours and textures of the annuity/retirement income business, or even any particular section of it. But fortunately there are people who try.

Have Your Danish, and Eat It Too

A novel retirement plan design, called TimePension (“Tidspension” in Danish) uses a buffer account to smooth out market volatility and ensure a stable income in retirement.

Occupy QE

The Fed is relying on the 'wealth effect' – brought about largely by increasing equity and home prices – as its principal transmission mechanism for stabilization policy. There are serious problems with this approach, writes the former chairman of Morgan Stanley Asia.

An Old Argument for Annuities, Made New

The Thrive Income Distribution System takes an ancient annuity marketing pitch and dresses it up well enough to appeal to high net worth clients who otherwise might not spend five minutes looking at an income annuity.

Three percent GDP growth for next three years: BNY Mellon

The Fed will fall “behind the curve” in its monetary policy, creating pressure for a major upward spike in interest rates in 2017 or 2018, following the Presidential election of 2016, predicts economist Richard B. Hoey.

Fidelity to raise equity allocations in target date funds

Fidelity is the largest provider of target date funds with more than $170 billion under management on behalf of approximately 6.5 million investors in its Fidelity Freedom Funds product line (Fidelity, Fidelity Advisor, Fidelity Index and VIP).