Treasury Clears Way for Longevity Annuities in 401(k)s, IRAs
The Treasury Department and the Internal Revenue Service issued final rules on July 1 to make longevity annuities—which provide regular payments that begin at an advanced age and continue throughout the individual's life—accessible to the 401(k) and IRA markets.
Most Americans Don’t Understand Annuities
The good news for the annuity industry: most Americans would consider the fixed income products to finance some aspect of their retirement.
Half of Households Risk Inadequate Retirement Income
A study from Boston College says the average family needs to save 15% of income for retirement, a hurdle most aren't meeting.
MetLife SIFI Designation Imminent
In designating MetLife at this time, the FSOC would be ignoring the House Financial Services Committee.
5 Longevity Annuity Questions and Answers
QLACs are a complicated mash-up of IRA and annuity rules, and clients may need substantial help in understanding their key provisions.
Securities America Buys BD Assets From Kansas City Life
The deal with Sunset Financial Services Inc. is expected to add 268 reps and about $2.4 billion in client assets to Securities America.
Treasury’s Final Longevity Annuity Regulations May Spark Growth
In its new QLAC regulations, the Treasury Department has quietly left open the door for variable and indexed annuities to enter the market.
New Longevity Annuity Rules: 5 Things to Know
The rules could be a game changer for how boomers, and their advisors, allocate 401(k) and IRA assets going forward.
The Fastest Growing Retirement Plan You Never Heard Of
Cash-balance plans now have one-quarter the assets of 401(k)s, grew 22% in 2012, and appeal to small-business owners like doctors and dentists.
SEC Issues Mutual Fund Prospectus Guide, Delays Annuity Summary Plan
The SEC says mutual fund summary prospectuses should be three to four pages long and written in plain English.