Latest News

Wishful Thinking Dominates Withdrawal Rates

June 29, 2008 – MetLife’s 2008 Retirement Income IQ Test found that 69% of pre-retirees overestimate the rate at which they can draw down their savings.

Couples Will Need $85,000 To Insure For Long-Term Care—Fidelity

June 29, 2008 – More than half of Americans over age 65 will eventually need at least a year of long-term care, and about 20% will require more than five years of care.

SEC Still Rattling Sabers at EIAs

June 29, 2008 – If a proposed rule is adopted, only those with securities licenses could sell EIAs, which would be regulated the same way securities are regulated.

• Sun Life Offers Value-Added Retirement Income Program
• RIIA Committee Seeks Research For Projected Curriculum
• Immediate Annuities Favored by Retirement Professionals—RIR Poll

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Features

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A Lesson in 'RIPS'

June 30, 2008 – Lots of progress has clearly been made toward the development of effective payout planning software. But evidently there's still a long way to go.

For Wachovia, Annuities Are A Bright Spot: Amid Subprime Woes, Bank Topped Rivals in 2007 Annuity Fees

June 30, 2008 – Wachovia Corporation at least had one income statement item to celebrate this spring: undisputed leadership in 2007 bank annuity sales.

Volatility and Competition Squeeze GLWB Fees: Costs Are Sensitive to Many Internal and External Risk Factors

June 30, 2008 – More than a year ago, annuities guru Moshe Milevsky caused a mild sensation by publishing an article that called variable annuity guaranteed lifetime withdrawal benefits "underpriced." Now, thanks to a stretch of stomach-churning stock market volatility that has driven up the cost of hedging those guarantees by as much as 45 basis points, many other VA industry watchers agree.

He Gives New Meaning To 'Old Money'

June 30, 2008 – Cutler is one of the pillars of a relatively new discipline known as financial gerontology, working as a teacher, editor and policy expert in the field since the 1970s.

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