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Tag Archives: uncertainty in the market
In Changing Retirement Landscape, Annuities Help Employers and their Employees Meet Financial Goals
Earlier this month, General Motors was at the center of some controversy when the automaker unveiled that it would be converting its pension payment plan for 118,000 salaried retirees as a means of shoring up the company’s finances. The announced plan would offer buyouts to currently retired salaried workers who agree to stop receiving a monthly pension check and opt instead for a lump sum payout or equivalent monthly annuity checks paid out by Prudential Insurance Co. So, where does this leave GM’s retirees? Some have expressed reservations that, in transitioning from pensions to annuity payouts, they stand to lose the security of their payments because annuities are not secured by a federal authority like the FDIC, and will have to forgo cost-of-living adjustments. Continue reading
Posted in In the News, Planning for Retirement
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Jobs Today Affect Retirement Tomorrow
Behind this short term struggle for jobs lies an even more serious long term demon: the need to amass adequate retirement savings, especially in light of the fact that the Medicare and Social Security safety nets may not exist in 20 or 30 years (see our April 25th post on Social Security below). Continue reading
Posted in Personal Finance
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Are Small Business Owners Prepared for Retirement?
New research from The American College, the nation’s largest non-profit educational institution devoted to financial services, reveals that in addition to not having pensions or 401(k) plans, an additional one-third of small business owners have failed to estimate how much it will actually cost them to retire. Continue reading
Posted in In the News, Planning for Retirement
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Reaching Retirement Goals
Indexed annuities have helped Frank and his wife Mary Lou achieve their targets for retirement. They have always been diligent about saving money, and wanted the peace of mind and safety indexed annuities provide. Continue reading
Retirement Dreams Disappear With 401(k)s
60 Minutes recently re-aired a story about 401(k)s and the fact that so many nearing retirement age are actually are putting off their retirement because their 401(k) investments have faltered due to market volatility…In response to this segment, an article in Inside Tucson Business outlines some alternatives to 401(k) investments including self-directed IRAs and Fixed Indexed Annuities. Continue reading
Helping Seniors Cope with Recession-Related Financial Loss
Although we are still in a down economy, older Americans do have options. Moving much of your retirement savings out of risky options like the stock market to safer options like indexed annuities may be something to consider. Continue reading
Community Weigh-In: What Questions Do You Ask?
What questions do you make sure to ask when discussing your nest egg options? Continue reading
In the News: Wirehouses Warming to Indexed Annuities
In a recent article by Investment News, it seems that wirehouses are embracing the once-criticized fixed indexed annuity market. In fact, sales of the product are up more than 400% from 2010. According to John Mulhall, managing director at Merrill Lynch Global Wealth Management, wirehouses have really come around. Continue reading
Posted in In the News, Planning for Retirement
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Financial State of Baby Boomer Women
A recent story from NBC News reported that Baby Boomer women are one of the least financially prepared population segments in our country right now. According to the AARP, only 10 percent of Boomer women have pensions, and 32 percent have 401ks. What’s more is 40 percent of Baby Boomer women are single and do not want to be dependent on others for financial stability. Many have returned to work … and not by choice. Continue reading
How Annuities Can Shine in Risky Markets
Some consumers are now looking to indexed annuities as part of their retirement planning to provide balance, safety and most importantly, peace of mind. US News & World Report recently featured a post on their Money blog that explains why annuities can offer lifetime income in today’s troubled economy. Continue reading
Posted in In the News, Planning for Retirement
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