Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Insurance, Pension trust guaranty
Languages : en
Pages : 88

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Book Description

Author: David Reindel
Publisher: Agate Publishing
ISBN: 1572846534
Category : Business & Economics
Languages : en
Pages : 193

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Book Description
Massive numbers of 50-plus baby boomers will be retiring in the next few years. How will they finance that retirement? This practical guide presents an often overlooked but commonsense solution. Expert David Reindel argues persuasively for the preservation of assets, rather than a risk-prone obsession with the accumulation of them. Crucial to this process, he explains, is the humble annuity. Why have these time-honored investment tools generated so much negative attention in recent years? Don’t Die Broke details the financial industry’s misrepresentations of the annuity, and how — set up and managed correctly — it can offer the most reliable income source for boomers in this era of economic uncertainty. This book is both a clear-minded analysis of the forces that have led us to the present calamity and a reassuring roadmap to a more secure future.

Author: Collectif
Publisher: OECD
ISBN: 9264267794
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement. Product design is a crucial factor in the potential role of annuity products within the pension system, along with the cost and demand for these products, and the resulting risks that are borne by the annuity providers. Increasingly complex products, however, pose additional challenges concerning consumer protection. Consumers need to be aware of their options and have access to unbiased and comprehensible advice and information about these products.

Author: Patrick J. Collins
Publisher: CFA Institute Research Foundation
ISBN: 1944960023
Category : Business & Economics
Languages : en
Pages : 27

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Book Description
Annuitization is one asset management strategy for retirees seeking to secure lifetime income. The US annuity marketplace offers a variety of annuity contracts, including single premium annuities, advanced life deferred annuities, variable annuities with lifetime income guarantee riders, and ruin contingent deferred annuities. Advisers seeking to provide guidance to clients in or near retirement can benefit by understanding (1) the arguments both for and against annuitization and (2) how a client’s interests might be best represented in the marketplace. Important annuity contract provisions are highlighted and briefly discussed so the adviser can become more familiar with retirement-planning options.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264265317
Category :
Languages : en
Pages : 110

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Book Description
This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement.

Author: Kerry Pechter
Publisher: John Wiley & Sons
ISBN: 1118051939
Category : Business & Economics
Languages : en
Pages : 373

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Book Description
Why look into annuities? If you’re a Baby Boomer with little or no pension and most of your money in low-interest savings accounts, an annuity may be the key to a secure and comfortable retirement. How can you find out whether an annuity is right for you? Read Annuities For Dummies, 3rd Edition. This completely revised and updated, plain-English guide is packed with the latest information on choosing the best annuity for your retirement needs. You’ll find out exactly what annuities are, whether they’re the right financial vehicle for you, and which of the many annuity options might have your name on it. You’ll learn the ins and outs of using annuities to fund your retirement years, figure out whether to stress investments with insurance or insurance with investments, and find out how the right combination of annuities can help you squeeze more income out of your savings that any other financial tool. Discover how to: Identify the main types of annuities Weigh the pros and cons of annuities for yourself Minimize the complexity and cost of your annuity investment Figure out how much money to commit Avoid common annuity pitfalls Create an income you can’t outlive The time to start securing your financial future is now. Annuities For Dummies, 3rd Edition, gives you knowledge, insider tips, and expert advice you need to make your money do its best for you.

Author: Virginia B. Morris
Publisher: Lightbulb Press, Inc.
ISBN: 0974038687
Category : Annuities
Languages : en
Pages : 35

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Book Description

Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Annuities
Languages : en
Pages : 32

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Book Description

Author: Mark Warshawsky
Publisher: MIT Press
ISBN: 0262016931
Category : Business & Economics
Languages : en
Pages : 277

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Book Description
Strategies, products, and public policies that will help a new generation of retirees maximize income and minimize risk. As members of the baby boom generation head into retirement, they face an economic environment that has changed noticeably since their parents retired. Most of these new retirees will not be equipped, as many in the earlier generation were, with private pension plans, early retirement options, and fully paid retiree health benefits in addition to Social Security and Medicare. Today it is increasingly left to retirees themselves to plan how to maximize retirement income and minimize risk. In Retirement Income, Mark Warshawsky and his colleagues describe strategies, products, and public policies that will help a new generation achieve financial security and income growth in retirement. Warshawsky, a noted expert in the field who has worked in both government and private industry, analyzes two insurance vehicles, life annuities and long-term care insurance, and their capacity to protect against the extra costs arising from longevity and disability. He proposes two innovations. The first is a strategy that includes a set percentage withdrawal from a balanced portfolio, which is gradually used to purchase a ladder of life annuities. The second proposal, which includes a description of the potential choices in product design and available tax characteristics, is a product that integrates the immediate life annuity and long-term care insurance. With Retirement Income, Warshawsky offers practical ideas based on the results of empirical investigations and analyses, which can be applied to household decision making by retirees and their financial planners and to the design of insurance products and public policy.

Author: Jeffrey Voudrie
Publisher:
ISBN: 9781502823854
Category :
Languages : en
Pages : 24

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Book Description
Do you have (or are you considering) an annuity that guarantees a 7% return? If so, I believe that many retirees that have purchased annuities with an income guarantee have done so under false pretenses. They think it works one way when in fact, it doesn't even come close to working the way they think!Imagine putting your nest egg into something because you think it guarantees you a 7% return-only to find out later that it doesn't! How would that make you feel? And by then it's too late-you can't get your money back unless you pay a huge surrender penalty. By then, you're stuck.I'm so concerned about this issue that I've produced an in-depth "expose" on why this income guarantee doesn't do what you think it does. Don't be caught in their trap-you must learn how this 'guarantee' works or you will be making a decision under false pretenses!