State Street Global Advisors And UC Develop Retirement Income Strategy

It's human nature to want to make things easier for our loved ones and to have great concern about adding any stress to their lives. In fact, 72 percent of retirees say that one of their biggest fears is becoming a burden on their families, according to the Edward Jones/Age Wave "Four Pillars of the New Retirement" study. How can you address this fear?

–Fewer than one in four U.S. workers are "very" confident that they will be able to fully retire with a comfortable lifestyle, according to A Compendium of Findings About the Retirement Outlook of U.S. Workers, a study released today by nonprofit Transamerica Center for Retirement Studies ® in collaboration with Transamerica Institute ®.

–North Carolinians have the chance on Monday night to play for a Powerball jackpot that now exceeds a quarter of a billion dollars, according to an NC Education Lottery news release. The Powerball jackpot weighs in at $253 million as an annuity or $178.9 million cash. The jackpot has been growing since the Oct. 4 drawing when a ticket sold in California won a $699.8…

Fidelity Investments today announced Guaranteed Income Direct, a retirement income product that allows individuals to convert a portion of their 401 or 403 savings into an annuity to provide consistent, pension-like payments 1 throughout retirement. With nearly eight million workers 2 on Fidelity’ s workplace savings platform nearing retirement,…

WASHINGTON, Nov. 18– The American Council of Life Insurers issued the following statement:. American Council of Life Insurers President and CEO Susan Neely, National Association of Insurance and Financial Advisors CEO Kevin Mayeux and NAIFA Kentucky Immediate Past President Brian Wilson issued the following joint statement on the annuity best interest…

–The Penn Mutual Life Insurance Company, a Fortune 1000 company, recently introduced the Guaranteed Minimum Accumulation Benefit Rider II as an optional benefit to its Smart Foundation Variable Annuity products. "The GMAB II Rider is one of the most client-friendly, flexible guaranteed minimum accumulation riders in the marketplace," said Heather Yonosh,…

WASHINGTON, Nov. 6– The Insured Retirement Institute issued the following news release:. The Registration for Index-Linked Annuities Act directs the SEC to devise a new form for annuity issuers to use when filing registered index-linked annuities. Under current SEC rules, these and other innovative new products must be registered using forms designed…

–AllianceBernstein L.P. announced it has added Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc., to its platform of insurers that provides guaranteed income in its Lifetime Income Strategy retirement solution for Defined Contribution plans. LIS has been available to the DC market as the…

Midwest Holding Inc. announced that its subsidiary American Life & Security Corp. has launched its first multi-year guaranteed annuity product…

A North Carolina man is crediting his thirst for winning $1 million in the state lottery. Boni Cortez Pelagio of Yadkinville said he was“ visiting a friend” when he decided to stop in Mount Airy for water at the Speedway on Rockford Street, officials said in a news release. Winners have the options of claiming“ the $1 million as an annuity of $50,000 a year over 20 years,…

–Midwest Holding Inc., a technology-enabled, services-oriented life and annuity platform, announced today that its subsidiary American Life& Security Corp. has launched its first Multi-Year Guaranteed Annuity product for the registered investment advisor market. We have had many discussions with RIAs seeking ways to access annuity products and we are…

ASHEBORO, N.C.– Claudia Sosa-Mondragon, of Asheboro, scratched off a $20 ticket and took home the $2 million top prize, according to an NC Education Lottery news release. Sosa-Mondragon bought her Ultimate 7' s ticket from the Ready Mart on North Broad Street in Seagrove. She had the option of taking the $2 million as an annuity of $100,000 a year over 20 years, or a lump…

–Athene Holding Ltd., a leading financial services company specializing in retirement solutions, today announced financial results for the third quarter 2021. Jim Belardi, CEO of Athene said, "In the third quarter, we originated nearly $12 billion of gross organic inflows, a new quarterly record for Athene. About Athene Athene Holding Ltd., through its…

–Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index. As the Pension Risk Transfer market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.

–Fiduciary Exchange LLC announces it has joined forces with Lombard International to provide access to Lombard International's private placement variable annuity solutions for more than 100,000 financial advisors on the proprietary FIDx platform. "Lombard International is one of the largest private placement insurance providers in the U.S. and around…

In continuing our series on annuities, this week I thought we should focus on why you should buy an annuity. Again, this series isn't intended to promote or detract from annuities themselves, but rather to give you a better understanding of them so that you can decide if they are something that is right or wrong for you. Let's start with what an annuity is and is not.

Prudential Financial Inc. agreed to sell a portion of its in-force legacy variable annuity block to Fortitude Group Holdings for a total transaction value of .2 billion. As per the terms of the deal, Prudential will sell one of its stand-alone legal entity subsidiaries, Prudential Annuities Life Assurance Corporation, including PALAC's in-force annuity…

Column provided by Edward Jones on behalf of financial advisor Shelley York. If you're getting close to retirement, you're probably thinking about the ways your life will soon be changing. Many people don't– in fact, 61% of retirees wish they had done better at planning for the financial aspects of their retirement, according to an Edward Jones/ Age Wave study…

If you're getting close to retirement, you're probably thinking about the ways your life will soon be changing. Many people don't in fact, 61% of retirees wish they had done better at planning for the financial aspects of their retirement, according to an Edward Jones/ Age Wave study titled Retirement in the Time of Coronavirus: What a Difference a Year Makes.

American Equity Investment Life Holding Company ® announced today that Axel André will join the company as its new Chief Financial Officer in September. I believe he brings the right combination of intellect, curiosity and proven leadership experiences, to serve as our next CFO as AEL transforms itself into a unique company at the intersection of the…

The 61- year-old recently won an 18.41 million Lotto 47 jackpot with numbers he's been playing for three decades, according to the Michigan Lottery. “I have been playing this set of numbers since 1991 and have rarely missed a drawing,” he told the Michigan Lottery. More: Michigan Lottery player wins $25,000 a year for life.

HARRISBURG- Legislation sponsored by State Sen. “The teacher shortage is a serious and well-known crisis throughout the state,” said Sen. Fowler. “We have to do everything we can to make sure that the state's ongoing teacher shortage doesn't negatively impact our children's ability to learn,” Sen. Fowler said. “

Larry Hood of Fort Mill, S.C. found himself the latest winner of a $1 million Millionaire Maker prize. Hood purchased his winning $30 ticket from the B& M Food Service on Lancaster Highway in Pineville. Hood had the option of taking the $1 million as an annuity of $50,000 a year over 20 years, or a lump sum of $600,000.

“The late' 50 s to early' 60 s is the perfect time to increase your savings, build out your stake in safe money products, and re-evaluate your portfolio.” Many investors, especially those within ten years of retirement, look for guidance as they near the spend-down stages of their lives. Conventional financial advisors tend to focus on wealth accumulation rather than…

Total debt outstanding decreased by approximately $8 billion to $91.4 billion at year-end 2020.. Given the current interest rate environment and some uncertain views of the U.S. economy, many of the larger companies continue to de-leverage. With uncertainty surrounding COVID-19 pandemic, many insurers turned to the Federal Home Loan Bank to tap into funds…

Allianz Life Insurance Company of North America announced today that it has teamed up with Morningstar Investment Management LLC to help individuals allocate their retirement savings to its annuity products through the Morningstar Retirement Manager service. Morningstar Retirement Manager is a managed accounts and advice service that helps…

AIG Life& Retirement, a division of American International Group, Inc., today announced that Bryan Pinsky has been named President, Individual Retirement and Tim Heslin has been named President, US Life Insurance. “Bryan and Tim are exceptional leaders and innovators, and their strategic insight and product expertise will drive our businesses to continue to…

Jackson National Life Insurance Company ® today announced the launch of Jackson Retirement Investment Annuity SM, a fee-based variable annuity designed for independent registered investment advisors to specifically address their annuity concerns. “Through our research and direct feedback from the growing population of independent RIAs, we have…

SAND CREEK– What would you do if you bought a scratch-off lottery ticket and saw you had won $1 million? Arnold Kleindienst bought his winning Millionaire Wild Time ticket at Country Market, 1535 W. Maumee St. in Adrian, where he works. When I saw I'd won $1 million, I was so excited and overwhelmed. “

“The New Hampshire Insurance Department recently became aware of at least one insurer in New Hampshire that had failed to appoint the producers that were selling their products,” said Commissioner Nicolopoulos. New Hampshire statutes provide penalties up to $2,500 per violation for insurers and producers who sell insurance through a producer without an…

As a young person I was raised on game shows. They were a staple of daytime viewing for our family. With the dot-com bubble of 2000, the events of Sept. 11 in 2001, the financial crisis of 2008, and the COVID-19 panic of 2020, we have seen our fair share of volatility in the market over the past couple decades.