DOL to Advisors: ‘Take the Pledge’
In the much-anticipated revision of its 2010 proposal to curb conflicted sales to retirement account owners, the Department of Labor asserts that rollover IRAs are within its jurisdiction. It also...
View ArticleFIA: Unofficial MVP of the LIMRA Conference
Fixed indexed annuities will “increase their dominant position in the individual U.S. annuity market” and “approach variable annuity sales levels over the next five years,” predicted actuary Tim...
View ArticleAmerica’s Risky Recovery
'My own best guess is that [the Fed] will start to raise rates in September, and that the federal funds rate will reach 3% by some point in 2017,' writes Martin Feldstein, the Harvard economist and...
View ArticleWho’s Doing What with QLACs Now
The 'Tax-Free Ninja' is Eric Estrada, a marketer at a Houston-based insurance wholesaler. He's one of the young, social-media savvy entrepreneurs who are enthusiastic about the potential for selling...
View ArticleOn the Road with RIJ: Penn’s Archaeology Museum
We're at the Wharton School's 2015 Pension Research Council symposium, an exclusive meeting of retirement academics and professionals held each year in Philadelphia. Also: A link to slides from ERISA...
View ArticleAnnuity CEOs receive disclosure demands from Sen. Warren
Breaking News: Elizabeth Warren, the Democratic senator from Massachusetts, has asked chief executives at 15 major annuity issuers to furnish her with details about the incentives they offer, if any,...
View ArticleSpring 2015 issue of The Journal of Retirement appears
This issue features articles relevant to retirement income mavens, including a piece on the way options can make a retirement more comfortable and one on the implications of offering deferred income...
View ArticleDTCC enhancement will allow settlement of 1035 exchanges in one day
The asset transfers that are known as 1035 exchanges, or replacements, allow investors to move funds from one life insurance, annuity or endowment to another, without triggering an immediate tax...
View ArticleAllianz Life adds new managed risk options on VA
Allianz’s AZL MVP DFA Multi-Strategy Fund and its RCM Dynamic Multi-Asset Plus VIT Portfolio are now available on contracts that either have no additional optional benefits or have the optional Income...
View ArticleThe Bucket
Brief or late-breaking items from Hearts & Wallets LLC, TIAA-CREF, Allianz Life, and American Financial Group.
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 ArticleDOL to Advisors: ‘Take the Pledge’
In the much-anticipated revision of its 2010 proposal to curb conflicted sales to retirement account owners, the Department of Labor asserts that rollover IRAs are within its jurisdiction. It also...
View ArticleFIA: Unofficial MVP of the LIMRA Conference
Fixed indexed annuities will “increase their dominant position in the individual U.S. annuity market” and “approach variable annuity sales levels over the next five years,” predicted actuary Tim...
View ArticleWho’s Doing What with QLACs Now
The 'Tax-Free Ninja' is Eric Estrada, a marketer at a Houston-based insurance wholesaler. He's one of the young, social-media savvy entrepreneurs who are enthusiastic about the potential for selling...
View ArticleRetirePreneur: Lowell Aronoff
Lowell Aronoff is CEO of CANNEX Financial Exchanges, which provides up-to-date annuity pricing data for life insurance companies and distributors.
View ArticleSix Ways to Dress Up QLACs
RIJ spoke with annuity manufacturers and distributors about their strategies for selling qualified longevity annuity contracts, which are deferred income annuities for IRA money. The favorite, but not...
View ArticleMoshe Milevsky on Tontines
Moshe Milevsky's latest book, King William's Tontine, is reviewed here by University of Oklahoma law professor Jonathan B. Forman, himself a tontine expert. Milevsky and Forman think that tontines, an...
View ArticleLPL to pay at least $11.7 million for range of abuses
LPL, which had revenues of $1.1 billion in the first quarter of 2015, was charged with “broad supervisory failures in a number of key areas.” The broker-dealer consented to the entry of FINRA’s...
View ArticleWells Fargo used “pernicious” and “illegal” sales tactics: LA city attorney
The company, as part of its “Gr-eight” growth initiative, pressured its employees to sell each customer eight 'solutions,' ranging from credit card services to savings accounts to insurance products,...
View Article