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All About Annuities » 2015 » February

More Seek Lifetime Income But Few Understand Annuities

More Seek Lifetime Income But Few Understand AnnuitiesNews from Insurance News Net: By Linda KocoAnnuityNews The annuity puzzle continues. Although 84 percent of Americans consider it important to have a guaranteed monthly paycheck in retirement, only 14 percent have purchased an annuity that will ensure lifetime income. This is according to the TIAA-CREF 2015 Lifetime [...]

Annuities a Puzzle to Most Boomers

Annuities a Puzzle to Most BoomersNews from Fox Business: Earlier this month TIAA-CREF released their second annual “Lifetime Income” study which revealed that many Americans are generally interested in a guaranteed monthly income stream but are unfamiliar with annuities which could support their lifetime income options. “For many Americans, annuities are often unknown or misunderstood, [...]

Why Retirees Should Never Invest In Annuities

Why Retirees Should Never Invest In AnnuitiesNews from Seeking Alpha (registration): Let me start with a confession: I hate variable annuities. Hate is a strong word, so let me rephrase: I despise them with an unholy passion. To be fair, not all annuity reps are snake oil salesmen, and there can be specific situations where [...]

Kimberly-Clark buys annuities to cover pension risks

Kimberly-Clark buys annuities to cover pension risksNews from Business Insurance: Kimberly-Clark Corp. is buying two group annuity contracts to provide pension benefits to about 21,000 retirees, the Dallas-based paper goods manufacturer announced Monday. In the latest corporate move to reduce pension liability risks, Kimberly-Clark said it will transfer about $ 2.5 billion in pension plan [...]

Deferred-income annuities grab spotlight from traditional variable annuities

Deferred-income annuities grab spotlight from traditional variable annuitiesNews from InvestmentNews: The lowly deferred-income annuity is finally getting its moment in the sun, as well as in clients’ retirement income plans. Deferred-income annuities started as a variation of the single-premium immediate annuity (SPIA), using a similar concept: A client puts down a lump sum and receives [...]

How annuities can gold-plate a silver pension

How annuities can gold-plate a silver pensionNews from The Globe and Mail: We worship defined benefit plans, but we disrespect annuities. This is illogical. DB pensions offer a set amount of monthly income for as long as you live, just as annuities do. This is why DB pensions are considered so desirable. If you’re a [...]

Paying for gene therapy: are annuities the next big thing?

Paying for gene therapy: are annuities the next big thing?News from Reuters: By Deena Beasley LOS ANGELES Thu Feb 19, 2015 1:04am EST LOS ANGELES (Reuters) – As U.S. drugmakers face growing resistance to the high price of cutting-edge treatments, a handful of companies are working on a new payment model that rewards them for [...]

Why Retirees Should Never Invest in Annuities

Why Retirees Should Never Invest in AnnuitiesNews from Investorplace.com: Let me start with a confession: I hate variable annuities. Source: ©iStock.com/hannahgleg Well … hate is a strong word, so let me rephrase: I despise them with an unholy passion. To be fair, not all annuity reps are snake oil salesmen, and there can be specific [...]

Even Einstein Was Confused: Myth Busting Annuities

Even Einstein Was Confused: Myth Busting AnnuitiesNews from Business 2 Community: Myth 1: Even Einstein couldn’t understand how annuities work. What’s to understand? You pay in money, it gains interest and then you get more back in retirement, either in one lump sum or as a series of payments. Think of it as a reverse [...]