Transamerica’s new living benefit offers 1% more payout for 5-year deferral
The payout bands for single-life contracts are 4% until age 65 and 5% until age 80, with payouts for joint-life contracts a half percentage point lower. For investors who delay income for five...
View ArticleHonorable Mention
New York Life pays dividend on deferred income annuity, Capital One Financial drops IRA commissioned sales, and Voya Financial Advisors touts its technology-led growth.
View ArticleWill pensions become subject to state income tax in Illinois?
AARP is leading an effort to prevent fiscally-challenged Illinois from taxing pension income again after a holiday of 32 years. Reinstating the tax would bring in an estimated $2 billion, but seniors...
View ArticleEdward Jones’ 401(k) plan accused again of ERISA violations
A federal class action suit in St. Louis charges the Edward Jones 401(k) plan with offering its participants high-cost funds from asset managers that were also paying tens of millions of dollars a...
View ArticleNo reason to raise rates now, writes heterodox economist
In the paper, 'Normalizing the Fed Funds Rate: The Fed’s Unjustified Rationale,' economist Flavia Dantas of SUNY-Cortland, claims that the U.S. job market is much softer than the official 4.9%...
View ArticleAn All-Purpose Variable Income Annuity
“We’re going full speed ahead,” said Lorry Stensrud of Achaean Financial, which, after a decade of work, is bringing its chassis for a variable income annuity to market. He believes his design, Income...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
View ArticleThe View from the (DOL) Trenches
'“Many of the broker-dealers are still searching for a light switch in a dark room,” said James Lumberg of Envestnet, who, with Jeff Schwantz of Morningstar and Arjun Saxena of PwC, explained to asset...
View ArticleTrump and the Trajectory of Interest Rates
'There could be pressure for rates to go higher as investors digest the deficit spending pushed by Mr. Trump,' said Andrew McCormick, head of T. Rowe Price’s U.S. taxable bond team.
View ArticleAn All-Purpose Variable Income Annuity
“We’re going full speed ahead,” said Lorry Stensrud of Achaean Financial, which, after a decade of work, is bringing its chassis for a variable income annuity to market. He believes his design, Income...
View ArticleWhich Annuity Is Better? This New Tool Tells You
Cannex, the Toronto-based annuity product data, just announced a new tool, based on research by annuity guru Moshe Milvesky, that enables advisors to do side-by-side comparisons of annuity contracts....
View ArticleAt DCIIA Forum, Familiar Faces and Fresh Ideas
Does automatic enrollment lead to higher consumer debt? Should employers stop sponsoring retirement plans? These are other ideas were floated at the Defined Contribution Institutional Investors...
View ArticleSix Bipartisan Opportunities for the President-Elect
'Never before have so many promises been made for the future, both for unsustainable rates of spending growth and lower taxes,' writes our guest columnist, a former deputy assistant secretary of the...
View ArticleHonorable Mention
Brief or late-breaking items from Allianz Life, Athene Holding, MassMutual, A.M. Best and Cogent Reports.
View ArticleDoes GOP now represent the downtrodden? Not exactly
The median net worth of members of the GOP was $525,000, or 81% higher than the Democrats’ $301,000. Ethnically, 91% of GOP voters are white, while 43% of Democrats are members of minority groups.
View ArticleFIA sales on pace to exceed $60 billion
'While most other annuity products have faltered because of falling interest rates and anticipation of the Department of Labor (DOL) fiduciary rule, FIAs continue to thrive,' said Todd Giesing,...
View ArticleSecurian expands suite of annuity solutions
Securian's new SecureLink Future fixed indexed annuity offers a lifetime income benefit with an 8% annual rollup in each year with no withdrawals (or 200% after 10 years with no withdrawals). The...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
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