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All About Annuities » 2014 » July

UK cited as Australia mulls compulsory annuities

UK cited as Australia mulls compulsory annuitiesNews from FT Adviser: An independent committee appointed by the Australian government has recommended the country consider compelling retirees to take out some form of annuity to guarantee income, citing evidence from the UK that it says shows less client detriment than in “voluntary annuity markets”. An interim report [...]

How false optimism sells annuities

How false optimism sells annuitiesNews from MarketWatch: Shutterstock Selling annuity dreams … As retirees continue to be barraged by constant annuity sales pitches, a common theme occurs with too many annuity purchases. That one constant is the dream of unreachable potential returns that runs contrary to the contractual realities of most annuity policies. If you [...]

Advise clients on deferred-income annuities

Advise clients on deferred-income annuitiesNews from InvestmentNews: (Roger Schillerstrom) The Treasury Department and the Internal Revenue Service gave people saving for retirement a nice present just before the July 4 celebration by changing the tax treatment of deferred-income annuities. The new tax treatment makes deferred-income annuities — also called longevity annuities — more acceptable as [...]

Taking Stock: Ask right questions if investing in annuities

Taking Stock: Ask right questions if investing in annuitiesNews from NewsOK.com: Dear Mr. Berko: I’m considering putting $ 100,000 into an Allianz variable annuity. Please explain how the guaranteed minimum income benefit works. And please tell me which of the 30 mutual funds available in this High Five annuity I should invest in. I don’t [...]

Your finances: Buying long-term deferred annuities

Your finances: Buying long-term deferred annuitiesNews from Newsday: Originally published: July 8, 2014 9:08 PMUpdated: July 11, 2014 6:27 PMBy LINDA STERN. Reuters The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401(k) and individual retirement accounts. (Credit: iStock) [...]

Annuities Are The Focus Of ‘Successful’ Carriers

Annuities Are The Focus Of ‘Successful’ CarriersNews from Insurance News Net: By Linda KocoAnnuityNews What makes for a successful life insurance and annuity company? A lot of advisors would like to know, particularly when considering contracting with, or recommending, a carrier. Insurance companies want to know too, particularly when benchmarking and setting strategy. So what [...]

Longevity annuities inside IRAs and 401(k)s

Longevity annuities inside IRAs and 401(k)sNews from USA TODAY: Robert Powell, Special to USA TODAY 5:45 a.m. EDT July 6, 2014 Bethesda, Md., resident Richard Lodish, 65, has moved into retirement. He was the principal at Sidwell Friends Lower School in Bethesda since 1976.(Photo: Joe Brier for USA TODAY) 34 CONNECT … Read the full [...]

Methuselahs take note: IRS smiles on longevity annuities

Methuselahs take note: IRS smiles on longevity annuitiesNews from STLtoday.com: My mother-in-law will turn 100 in October. She still drives, so watch out. The female members of my wife’s family have all lived into their 90s, at least. That means we’d better have a doozy of a retirement account. With Methuselah wannabes in mind, the [...]

Dooley: Annuities offer some protections, but come at a cost

Dooley: Annuities offer some protections, but come at a costNews from Northwest Herald: If you are retiring soon and looking into your options to structure the distribution phase of your life, annuities are an option to consider. Annuities, simply put, help you ensure that you’ll have enough income to last a lifetime. Annuities are contracts [...]

IRAs, 401(k)s can include longevity annuities

IRAs, 401(k)s can include longevity annuitiesNews from MarketWatch: By Robert Powell, MarketWatch Add another arrow to your retirement-planning quiver. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) this week issued final rules regarding longevity annuities, annuities that federal regulators say can help retirees manage their savings and ensure they have a [...]