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All About Annuities » 2013 » February

Annuities: Weigh them carefully, and scrutinize the details

Annuities: Weigh them carefully, and scrutinize the detailsNews from Chicago Sun-Times: BY TERRY SAVAGE February 17, 2013 6:38PM Retirees may seek secure lifetime income with higher rates than CDs. | AP file storyidforme: 44826272tmspicid: 16604429fileheaderid: 7467486 Updated: February 18, 2013 2:20AM The search for secure lifetime retirement income, along with promises of higher interest rates [...]

Consider the case for guaranteed annuities

Consider the case for guaranteed annuitiesNews from Independent Online: Colin Daniel The feature in the latest edition of Personal Finance magazine that has sparked much debate over the whether a guaranteed annuity is a better pension choice than a living annuity. The first quarter 2013 edition of Personal Finance magazine is on sale in bookshops [...]

Berkshire Hathaway And Variable Annuities

Berkshire Hathaway And Variable AnnuitiesNews from Seeking Alpha: Sometimes I miss stuff in the news… last week Berkshire Hathaway (BRK.A) reinsured the remainder of the variable annuity business that Cigna (CI) reinsured in the 1990s. Four articles: Cigna and Berkshire sign $ 2.2 billion reinsurance deal Buffett Gets $ 1.8 Billion in Investment Assets From [...]

Are annuities the solution to the old 4% retirement rule?

Are annuities the solution to the old 4% retirement rule?News from LifeHealthPro: For years, the so-called 4 percent rule provided the baseline from which advisors launched strategies for retirement account withdrawals. The rule is simple, well-trusted, and relatively unlikely to fail — or at least it used to be. In today’s low-interest rate environment, the [...]

Warren Buffett turns his eye to annuities

Warren Buffett turns his eye to annuitiesNews from MarketWatch: The world’s most famous investor jumped into the annuity business in a recent deal with Cigna. Why would he do that? On Feb. 4, Warren Buffett’s Berkshire Hathaway /quotes/zigman/219651/quotes/nls/brk.a BRK.A +0.82%  signed a reinsurance deal with Cigna /quotes/zigman/222255/quotes/nls/ci CI +0.16% . Cigna agreed to pay $ [...]

Deferred Annuities “Best of the Best” Awarded to Resource 4 Retirement for …

Deferred Annuities “Best of the Best” Awarded to Resource 4 Retirement for …News from Albany Times Union: Resource 4 Retirement was awarded the “Best of the Best” designation for excellence in Deferred Annuities by Follow Media Consulting, Inc. New York, NY (PRWEB) February 08, 2013 Resource 4 Retirement was awarded the “Best of the Best” [...]

Guess what? Your wife loves annuities

Guess what? Your wife loves annuitiesNews from MarketWatch: Recently, I was speaking in front of a national gathering of individual investors and traders about a topic that most of these market mavens cared nothing about … annuities. Because this event was located in a tropical location, these future Gordon Gecko’s were accompanied by their wives, [...]

Berko: The ins and outs of annuities

Berko: The ins and outs of annuitiesNews from Joliet Herald News: By Malcolm Berko Taking Stock February 7, 2013 7:30PM Updated: February 8, 2013 12:31PM Dear Mr. Berko: Your answer last month to CC in Vancouver, Wash., about taking $ 9,000 from his annuity for income confuses me. His adviser said that if he took [...]

Lincoln CEO Says Smart Money in Annuities Affter Buffett

Lincoln CEO Says Smart Money in Annuities Affter BuffettNews from Bloomberg: Dennis Glass, chief executive officer of life insurer Lincoln National Corp., said intelligent investors are backing variable annuities after Warren Buffett’s Berkshire Hathaway Inc. bet on retirement products this week. “We’ve seen some acquisitions of blocks, and some reinsurance transact…………… continues on Bloomberg … [...]

Analysts wary of PE annuities

Analysts wary of PE annuitiesNews from InvestmentNews (registration): Private-equity firms’ appetite for insurance companies and their annuity businesses is starting to worry debt analysts. Companies such as Athene Holding Ltd., Guggenheim Partners LLC and Harbinger Capital Partners have consumed a veritable buffet of annuity businesses. They are snapping up bits and pieces as life insurers [...]