While you get a larger annuity payout when interest rates are higher, they are still a good investment choice even in this low annuity rate environment. In “An annuity can still make sense,” Andrea Coombes of The Wall Street Journal says that this is still …
Near-retirees have purchased indexed annuities (also called fixed indexed annuities or equity-indexed annuities) in relatively modest but nonetheless record numbers in the past year or so. The reason: the guaranteed lifetime withdrawal benefits (GLWB) of these products are now in some cases more generous than …
The retirement income business and the broker-dealer unit have been combined by New York Life Insurance Co. They just reorganized their company into two separate businesses. Their insurance group will remain a separate entity from the other business of retirement income. New York Life Investments, …
The Annuity News Journal’s Christi Roberts says that “Variable Annuities Could Save Social Security.” I think there is a valid argument for this point, but can’t imagine how long of a road it would be to get the government on board. Social Security has been …
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