According to the Retirement Income Reporter, Vanguard is planning to launch a new variable annuity that features a guaranteed lifetime withdrawal benefit. The firm has filed an application with the Security and Exchange Commission for their approval. The GLWB rider is expected to have a …
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 …
In Kiplinger’s Personal Finance magazine, Kimberly Lankford advised individuals with annuities or life insurance policies from AIG to sit tight. Despite the well-publicized struggles of its other divisions, the life insurance subsidiaries are mostly unaffected and currently have an A rating from A.M. Best (under …
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