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Annuities May Be the Best Bet for Those Losing Pensions

According to the Pension Rights Center, 2009 is on track to have substantially more companies freezing the pensions of their employees than 2008.  Soon to be retirees really need to look over their options with a fine toothed comb.  The economy is likely to recover.  …

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New York Life Sells Over $1 Billion Of Income Annuities in 2008

The Retirement Income Reporter recently published an article highlighting New York Life Insurance Company’s selling a total of $1.2 billion of income annuities during 2008.  About $850 million was sold through New York Life’s own career agency. Over $100 million worth of AARP Lifetime Income …

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