Fed Chairman Has a Variable & a Fixed Annuity In His Retirement Plan

In most people's eyes, Chairman of the Federal Reserve Ben Bernanke is very wealthy.  So they may not pay any attention to where he holds his money when he has to disclose this information each year publicly.  But if the Fed Chairman thinks something is a worthwhile investment, is it worth a look for those of us who don't have millions of dollars?  It just might be.  And those who do have savings close to or over a million dollars should have even more interest in what Mr. Bernanke is doing... Read More

Top 20 Sellers of Total, Fixed, & Variable Annuities

LIMRA just released annuity sales results from the fourth quarter of 2010 and the total year results, according to Ruthie Ackerman's article in the Financial Times. "Who Were the Top 20 Annuity Writers in 2010?" summarizes the top sellers.  Total annuity sales were published along with totals for sales of variable annuities and fixed annuities.  Of the top 20, half of them had sales increases over the previous year.  The top three sellers of variable annuities reached sales records, while... Read More

Not Enough 401k Annuity Options for Workers

The former vice chairman of the Federal Reserve Board, Roger W. Ferguson Jr., is working hard to get Americans to increase their savings for retirement.  According to "Former Fed official: Workers need bigger nest eggs" by Len Bosilovic of the Pittsburgh Post-Gazette, the current employee of TIAA-CREF notes that research shows most couples will be $250,000 short of the money they need for retirement.  He believes that more companies need to make a 401k annuity transfer available to their... Read More

Prudential & AIG Contribute to Variable Annuity Gains

Prudential Financial Inc. and American International Group Inc. contributed to the United States' largest variable annuity sales increase since 2007.  According to Bloomberg's "Variable-Annuity Sales Rise 11% as Prudential, AIG Post Gains" by Inyoung Hwang, the $35.5 billion in sales was an increase of 11% for the second quarter of this year.  Prudential sold $5.3 billion of variable annuities to capture the top spot in sales.  This was a huge increase from their $3.38 billion in sales... Read More

Variable Annuity Sales Up in 1st Quarter

Variable annuity sales increased from the 1st quarter of 2009 to the first quarter of 2010, according to Insurance News Net's "US Sales of Variable Annuities See First Year-Over-Year Gain in Two Years."  With $31.4 billion in total sales, variable annuities increased 3% from the same time last year.  The first quarter of 2008 was the last time that there was such an increase in variable annuity sales.  A spokeswoman for the Insured Retirement Institute says that this marks a slow and... Read More

TheStreet’s Annuity Ratings: Strongest Insurers

When buying an annuity, it's very important that the insurer providing the product is stable. Doing so minimizes the risk that you will lose part or all of your investment. Ratings are a good way to find out about a company's strength. Here are TheStreet.com's 10 strongest annuity insurers, as reported by Melissa Gannon:Teachers Insurance and Annuity Assocation of America (TIAA-Cref) State Farm Life Insurance Company Country Life Insurance Company State Farm Life and Accident... Read More

Immediate Annuities: Best Kept Secret

On The Huffington Post, Dan Solin writes that immediate annuities are a less publicized yet suitable investment for retirees or those about to retire. He cites evidence that people who invest in an immediate annuity as part of their retirement portfolio are less likely to outlive their savings, a big concern for baby boomers.Several companies offer immediate annuities, including:Vanguard Fidelity Charles Schwab TIAA-CREFWhile these products can be appropriate for many... Read More

TIAA-CREF Guarantees Fixed Annuity Holders Equal Income in 2009

The Insurance and Financial Advisor recently reported good news for TIAA-CREF clients with a TIAA Traditional Annuity. An executive VP from the company confirms that the guaranteed fixed annuties will provide payouts in 2009 that are equal or greater to the income recieved in 2008. According to TIAA, it can afford to offer steady returns in a fluctuating market because the Traditional General Account backing the annuities is extremely diversified (no more than 1% in a single investment)... Read More

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