Prudential Securities said Friday it will notify and offer remedies to customers who may have been affected by what it called "irregularities" in sales of annuities, as securities regulators ...
In the 1934 comedy classic It’s a Gift, W.C. Fields’ character encounters an aggressive, slick-talking annuities salesman in an indelible scene that helped shape a negative perception of the product.
The idea of running out of money at some point in life can be scary. But as good a job as you might do of saving for ...
In recent years, there has been an increase in the sale of individual annuity contracts to participants in defined contribution (DC) plans, and most of these sales are of individual variable annuity ...
A common fear among retirees is running out of money. Though inflation isn't as high as it was in previous years, the cost of living is considerably higher today than it was just five years ago, and ...
Forbes contributors publish independent expert analyses and insights. Elizabeth Bauer is an actuary who writes about retirement policy. So let's start with a disclaimer: I am an actuary, but I don't ...
Against a backdrop of low interest rates on savings and a volatile stock market, near and current retirees are hungry for predictable, guaranteed income for life. But many clients and, in some cases, ...
Unfortunately, there's not a right answer either. Nearly all workers covered by a traditional pension plan face this question as employers increasingly offer retiring employees a choice of how to take ...
Annuities are retirement savings insurance products that offer guaranteed income, appealing to risk-averse retirees. They offer tax-deferred growth, allowing earnings to accumulate without immediate ...
Overly Prepared No, I have not received payments from the insurance industry. (Not even holiday candy, such is the pity.) Bear with me on this one. First, a basketball story. By NBA rules, a player ...
So, annuities have an awareness problem, not a perception problem. What consumers like about annuities Despite the awareness gap, many consumers value the discrete benefits of annuities, according to ...