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Should Employers Default Workers 401(k)s Into Annuities?

Should Employers Default Workers 401(k)s Into Annuities?News from Forbes: Back in the 1970s, the assumption was that most employers would provide traditional pensions that paid out income over a retiree’s lifetime, but most employers aren’t willing to do this anymore. In fact, two-thirds of Fortune 500 companies that offered pensions to new employees in 1998 [...]

Savers locked into annuities without warning

Savers locked into annuities without warningNews from Telegraph.co.uk: Insurers have failed to remove these outdated contractual terms, despite strong criticism of similar “exploitative” practices by consumer groups, an investigation into annuity sales by the City regulator and the Government’s radical reforms. Ros Altmann, a pensions campaigner and former Downing Street adviser, said: “I think this [...]

Fitting Annuities Into a Retirement Plan

Fitting Annuities Into a Retirement PlanNews from Fox Business: Dear Retirement Adviser, I am selling my home in the Northeast and relocating to the South, downsizing to a smaller condo. I am single and will turn 59 years old at the end of the year. The new condo was purchased with cash. My savings are [...]

Annuities: Heading into summer 2013

Annuities: Heading into summer 2013News from LifeHealthPro: With some of the legislative sessions winding down, now is a good time to assess changes that need to be accounted for in the annuity business. From annuity disclosures to replacement requirements, and a variety of developments in between, legislative activity across the country continues to impact the [...]

Private-equity jumping into annuities could be bad news for insurers

Private-equity jumping into annuities could be bad news for insurersNews from InvestmentNews: Private-equity firms’ appetite for annuity business and takeover targets is starting to worry debt analysts. Advertisement Companies like Guggenheim Partners LLC, Athene Holding Ltd. and Harbinger Capital Partners have consumed a veritable buffet of annuity businesses, snapping up bits and pieces as life [...]

Lawyer Who Took Out Annuities On The Dying Pleads Guilty 1 Week Into Trial

Lawyer Who Took Out Annuities On The Dying Pleads Guilty 1 Week Into TrialNews from The Consumerist: (frankieleon) Depending on your point of view, Joseph Caramadre of Cranston, R.I. is either an opportunist who scammed the terminally ill, or a great philanthropist who found a win-win loophole and made last few months of the dying [...]

Fitting annuities into retirement plan

Fitting annuities into retirement planNews from Boston.com: Retirement planning involves a lot of options and a lot of uncertainty. One of the most important questions facing those heading into of retirement is also one of the hardest: How long will my retirement income need to last? As life expectancy continues to climb and traditional pension [...]

Fitting annuities into a retirement plan

Fitting annuities into a retirement planNews from Boston Globe: Retirement planning involves a lot of options and a lot of uncertainty. One of the most important questions facing those heading into of retirement is also one of the hardest: How long will my retirement income need to last? As life expectancy continues to climb and [...]

Will single-ties bind clients into poor annuities?

Will single-ties bind clients into poor annuities?News from Money Marketing: 8 June 2012 11:25 am | By Tom Selby Product providers and advisers are lining up to attack single-tie annuity deals, warning they could damage adviser networks and potentially leave clients out of pocket. Last week, Partnership signed an agreement with Openwork which will see [...]

Checking Into Annuities

Checking Into AnnuitiesNews from LifeHealthPro: Photo credit: Salvatore Vuono (http://www.freedigitalphotos.net/images/view_photog.php?photogid=659) After over a decade covering the hotel business, I now find myself learning about annuities, which got me thinking: Are there similarities between hotels and annuities? At first glance, they appear to be completely different species. One is a bricks-and-mortar building and the other is [...]