Income Annuities Provide Invaluable Longevity Insurance but Are Still Underused
The kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized.
The kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized.
A woman who spent years complaining a financial advisor had misled her into spending her retirement savings to buy an annuity will receive a refund.
Annuity sales may have finally reached their peak, after three straight quarters topping $60 billion.
By not choosing a deferred income annuity, retirees are weathering retirement under “substantial risk and uncertainty”.
The SEC as a whole seems to have decided that the federal government should avoid smashing ordinary, commission-based indexed annuities like a bug.
As 10,000 Baby Boomers a day leave the workforce behind, only 28% believe they are doing — or have done — a good job preparing for retirement.
The arrival of new private letter rulings from the Internal Revenue Service is causing excitement for annuities issuers.