Spending in Retirement
Learn how to best work with clients to determine their optimal retirement spending plan.
Record Sales for Income Annuities in Q4 2011: Beacon
By Joyce HansonSetting a record, income annuity sales grew almost 18% in fourth-quarter 2011 and nearly 7% for the entire year, according to a Beacon Research annuity study.
March 15, 2012
Recession-Wracked Boomers Seek Reverse Mortgages at Younger Age: MetLifeThe number of cash-strapped Baby Boomers age 62 to 64 taking out reverse mortgages has tripled since 1999, sharply lowering the average age of potential borrowers, according to a study released Wednesday by the MetLife Mature Market Institute.
March 14, 2012
Benefits Council Applauds Pension Relief in Senate BillThe American Benefits Council is applauding the final passage by the Senate today of The Highway Investment, Job Creation and Economic Growth Act, as the bill includes a provision that provides pension funding relief to companies.
March 14, 2012
How Bernie Madoff Is Harming Your IRAMadoff, it seems, is having a profound and lasting effect on how large firms handle IRAs, which is to say that more and more are not handling them at all.
March 13, 2012
‘Reformed Broker’ Gadfly Joins BrightScope as Social Media AdvisorJoshua Brown, the angry former broker who made a name for himself by saying out loud what others in the finance industry just think, has joined the advisory board of 401(k) analytics firm BrightScope.
March 13, 2012
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary RedraftThe Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a progress report on the departments redrafting of its rule amending the definition of fiduciary under ERISA.
March 13, 2012
EBRI: Workers’ Biggest Concerns Are Job Security, Debt LevelsWhile only 14% of workers are very confident that theyll have the money to retire, workers say the more pressing concerns of job security and mounting debt are taking precedence over retirement concerns, according to an EBRI survey.
March 13, 2012
What Problem Exactly Is DOL Trying to Solve by Redefining ‘Fiduciary?'One thing we do know: the significant unintended consequence of forcing higher fees for IRA investors.