At ‘Spirit on Lake,’ Gay Retirees Find Community
Lucretia Kirby (above) and other LGBT residents of a Minneapolis apartment building celebrated the recent Supreme Court ruling on gay marriage. This article, from the Indexed Annuity Leadership...
View ArticleInvestments + Annuities = Healthy Retirement
Many advisers still treat annuities and investments as apples and oranges--that is, not to be mixed up in a single retirement fruit salad. But experts Michael Finke, Wade Pfau and Mark Warshawsky...
View ArticleRetirePreneur: Laurence Kotlikoff
Laurence J. Kotlikoff is an economist, professor at Boston University and president of Economic Security Planning Inc., a personal finance planning software company.
View ArticleBritain’s Exchequer Mulls an End to Tax Deferred Savings
Retirement industry watchers in the U.S. should watch what's happening in the U.K. It's a living experiment in pension and tax reform, and it could offer important lessons about what we should or...
View ArticleNorthwestern Mutual offers dividend-paying QLAC
Northwestern Mutual’s actuaries have reproduced some of the attractive features of the variable-annuity-with-guaranteed-lifetime-withdrawal-benefit rider, but on a fixed income annuity chassis instead...
View ArticleThe Bucket
Brief or late-breaking items from MassMutual, Prudential, BlackRock and British pension funds.
View ArticleFinancial Engines, Betterment will leverage new Social Security data
At the White House Conference on Aging this week, the Social Security Administration announced that it would make benefit information available through transferable data files for use in robo-advice...
View ArticleAXA’s UK pension fund uses longevity swap
Insurers will be subject to additional capital requirements when Solvency II kicks in later this year, requiring companies to shore up longevity within their books and their own pension funds.
View ArticleConversions of pensions to lump sum payments are banned
“If a participant has the ability to accelerate distributions at any time, then the actuarial cost associated with that acceleration right would result in smaller initial benefits," the IRS and...
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 Overlooked Income Vehicle, III
Systematic withdrawals from DC plans are one of the simplest and cheapest ways to generate income from tax-deferred savings in retirement. Rollovers get the headlines, but more people advocate SWPs...
View ArticleAt ‘Spirit on Lake,’ Gay Retirees Find Community
Lucretia Kirby (above) and other LGBT residents of a Minneapolis apartment building celebrated the recent Supreme Court ruling on gay marriage. This article, from the Indexed Annuity Leadership...
View ArticleInvestments + Annuities = Healthy Retirement
Many advisers still treat annuities and investments as apples and oranges--that is, not to be mixed up in a single retirement fruit salad. But experts Michael Finke, Wade Pfau and Mark Warshawsky...
View ArticleWould the DoL Proposal Deny Advice to the Masses?
Forcing commissioned brokers and agents to act like fiduciaries would deprive middle-class investors of access to financial advice, critics of Labor's proposal argue. Maybe. It would almost certainly...
View ArticleIn the Fiduciary Fight, Key Players are Biting Off as Much as They Can Chew
In reviewing a new bulletin from the DoL, a wealth management analyst at Celent sees “a heightened jockeying for position among regulators and other industry actors with an interest in guiding reform.”
View ArticleToday's Dark Lords of Finance
"At some point, a real market correction will arrive. And when it does, pension funds and insurance companies will be more exposed than ever before to volatility in the equity markets," writes...
View ArticleMetLife launches retail QLAC
Like several other insurers, MetLife is positioning its qualified longevity annuity contract in part as a way for IRA owners to exclude 25% of their tax-deferred savings (up to $125,000) from the...
View ArticleLockheed Martin’s $62 million ERISA settlement approved
“The settlement is the largest ever for a case of this kind against a single employer,” said Thomas E. Clark Jr. of the Wagner Law Group.
View ArticleFred Reish et al comment on DOL proposal’s impact
Attorneys at the Drinker Biddle law firm note that, under the proposal, commissioned sales of variable annuities to IRA owners would be held to a higher standard of conduct than sales of fixed...
View Article