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The state of Michigan’s retirement systems have ended a contract with an investment company that managed more than $600 million in pension funds after the CEO made “completely unacceptable” comments at a conference. The decision came two days after Fisher Investments’ founder and CEO Ken Fisher spoke at the Tiburon CEO Summit in San Francisco.
Read moreMINNEAPOLIS – Americans’ fear of a recession continues to rise, as half of Americans now say they are worried a…
As more Boomers are becoming caregivers themselves for their parents and loved ones, the realities of the costs and work involved are sinking in. It’s time to make a plan for yourself.
A judge for the Southern District of Ohio tossed out a pair of lawsuits by separate brokers last week, bolstering Ohio National’s 2018 decision to eliminate trail commissions on certain variable annuities. But a pair of other lawsuits can proceed, judges have ruled.
Nassau Financial Group today announced its entry into the accumulation-focused fixed indexed annuity space with its inaugural product, Nassau SM Growth Annuity. In addition, Nassau continues to take a leading role in the Hartford region’ s insurance and insurtech industry through its incubator, Nassau Re/Imagine. Nassau Growth Annuity Nassau Growth…
Pacific Life announced today that Pacific Index Foundation ®, a deferred fixed indexed annuity, is now available to TD Ameritrade clients. TD Ameritrade has offered a curated lineup of fixed annuities and fee-based variable annuities to clients since 2012, and now Pacific Index Foundation becomes the first fixed indexed annuity to be offered on the…
A new study finds the majority of Americans are stressed about their financial situations, with 3 out of 4 Americans wishing they could get a financial planning do-over. However, according to the survey by the National Association of Personal Financial Advisors, the outlook isn’t all grim.
–Simplicity Group Holdings is pleased to announce that it has acquired Executive Brokerage Services, Inc., an independent insurance distribution company founded over 35 years ago, and that it welcomes Bernie Vukelich and Brian Lipinski as its newest Principals. Under the current leadership team of Bernie Vukelich and Brian Lipinski, they have expanded…
Great American Life Insurance Company ® is pleased to announce its fee-based fixed-indexed annuity, Index Protector 7, is now available on BNY Mellon’ s Pershing registered investment advisor custody platform. According to Tony Compton, Great American Life Vice President of Broker/Dealer and RIA Sales,“ Great American is committed to supporting the RIA…
Leading direct-to-consumer life insurance provider Vantis Life Insurance Company has introduced a new series of annuity products available for direct purchase online. Vantis Life is rated A+ by A.M. Best, the world’ s most authoritative insurance rating and information source. Since 1942, Vantis Life Insurance Company has specialized in providing…
The collaboration enables Jackson’s wholesalers to show financial professionals how to use eMoney’s comprehensive financial planning software to evaluate how protected lifetime income can help address certain needs in retirement.
Take some lessons from the mistakes many retirees made during the downturn that socked stocks in 2008. By adjusting accordingly, you don’t have to fear outliving your retirement portfolio, even if you’re about to retire.
Pacific Life Insurance Company just introduced Protected Investment Benefit, an optional benefit available with certain Pacific Life variable annuities. As a long-term investment designed for retirement, a Pacific Life variable annuity can provide guaranteed lifetime income and unlimited growth potential. “When clients are closing in on retirement,…
The 57- year-old from Ogemaw County in northern Michigan recently won $17 million on the ticket he ended up buying the next day, according to the Michigan Lottery. “I usually buy a Lotto 47 ticket every Friday along with a Mega Millions ticket,” the man, who chose to remain anonymous, told the Michigan Lottery. “I got up Sunday and checked my ticket with my phone,” he told…
Overall, consumers own about $15 trillion in home equity and another $13 trillion in small-business valuation, Tiburon Strategic Advisors found. Much of that is owned by baby boomers, or near boomers, and they will use that value to pay for their retirement.
If you participate in a pension plan at work, you might be offered a buyout at some point. This could happen if your employer wants to shrink its future pension obligations or if your company has been bought, and your new employer decides to terminate your existing pension plan. Other sources of retirement income- If you don’t think you will have enough money from…
Allianz Life Insurance Company of North America announced today that it has received a favorable private letter ruling from the Internal Revenue Service regarding the tax treatment of advisory fees taken from nonqualified, fee-based annuities. About Allianz Life Insurance Company of North America. Allianz Life Insurance Company of North America, one of…
Aug. 24– ALBANY– Veterans in the Empire State are getting some extra protections against potential scammers known as “pension poachers.” The measure, dubbed the Pension Poaching Prevention Act, will help stop scammers who profit by selling unsuspecting veterans financial products they don’t need or charging them to apply for benefits from the U.S. Department of…
CUNA Mutual Group issued the following news release:. CUNA Mutual Group today announced the launch of Zone Income Annuity, which includes features that address all phases of retirement, including a protected lifetime income feature that locks in a minimum income stream to the policyholder for life. “One of peoples’ biggest fears–and they share it every day…
Legal and General Group, a provider of insurance, savings and investment management products, issued the following news release, dated August 14:. Legal& General today announced that in H1 2019 it completed a bulk annuity transaction with the Hitachi Data Systems Retirement Benefits Plan, covering around 120 members. This is the third transaction between Legal&…
State insurance regulators moved briskly through four topics as they try to thread the needle between suitability and fiduciary in crafting an annuity sales model law.
Retirement is the time in your life when you can throw off the shackles of your daily responsibilities and truly enjoy the fruits of everything you spent years working toward. It’s an empowering feeling and you’ve earned it. You’ve planned and you’ve saved, but now that you’re here, don’t make the mistake of believing your financial planning is over.
In this AM BestTV episode, Ken Johnson, senior director, and Thomas Rosendale, director, both of AM Best, examine how changes in product mix and asset allocation, along with a focus on asset liability and enterprise risk managements, will likely affect life/annuity insurers in the event of an economic slowdown. v= la719 to view the entire program.
