Asset

An asset any item of tangible or intangible value that entails a future benefit. For example, funds in a 401(K) are assets that can be converted into retirement funds or income at a future date.

The Guardian Investor Asset Builder Variable Annuity (GIAB)

Glossary:

Annuity

Asset

Variable Annuity

Annuity Product Types:

Variable Annuity

Company Offering:

Guardian Life

Web Site:

Phone Number:

800-221-3253

Surrender Fees:

Variable Annuity Fields

Minimum Premium Payment:

2000

Maximum Premium Payment:

2000000

Minimum Additional Premium Payment:

100

Maximum Age at Start of Contract:

85 years

Minimum Total Fees and Expenses:

Maximum Total Fees and Expenses:

Minimum Mortality and Expense Risk Charge “M&E Fee”:

Maximum Mortality and Expense Risk Charge “M&E Fee”:

Administrative and Contract Maintenance Expense:

Administrative Fee:

$35

Minimum Investment Management Fee:

Maximum Investment Management Fee:

Ability to Select Asset Allocation:

Yes

Total Number of Investment Options:

Maximum Number of Concurrent Investment Options:

Minimum Fixed Account Rate Guarantee:

Free Withdrawals:

Yes

Free Withdrawal Limit:

Guaranteed Death Benefit:

Available

Are Telephone Transactions Allowed:

Yes

Commissions (Maximum):

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Key Phrases:

Glossary:

Annuity

Asset

Variable Annuity

Annuity Product Types:

Variable Annuity

Financial Advisors Struggling with Retirement Planning Compensation Models

One of the core compensation models for financial advisors involves fees that are based on client assets under management. As a result, it is naturally in an advisor's interest to gather, maintain and grow as many assets as possible. Retirement planning is proving to be a business challenge for many advisors as retirement involves asset decumulation rather than accumulation. In other words, advisors are in a situation where they are reducing assets under management and subsequently the...

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Putnam CEO Sees Market for Annuities and Other Retirement Income Products Reaching $5.5 Trillion by 2020

Putnam Investments President and CEO Robert Reynolds has been a consistently vocal advocate of retirement reform. Reynolds believes that the retirement planning landscape requires revamping so that annuities and other sources of guaranteed retirement income play a more prominent role. During a recent industry conference, Reynolds discussed the notion of a "product allocation" in the context of retirement finances: A crucial part of the reform effort is helping to protect workers` savings as...

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Goldman's Short Positions for Own Accounts at Odds with Customers

A McClatchy journalist has published an article describing the apparent conflicts of interest that exist within Goldman Sachs. Goldman has materially benefited from its short positions on U.S. housing-related assets. These short positions were created for the firm's own accounts. At the same time, Goldman served as a distributor of the same housing-related assets, aiding many of its institutional clients in establishing meaningful long positions in an asset class for which the firm presumably...

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Asset

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Goldman Sachs

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Goldman Sachs

The Top Reasons to Consider an Annuity

Annuities are complex, largely misunderstood, and often misrepresented in popular financial media.

The reality, though, is that these financial products are becoming an increasingly important part of the financial plans of millions of people around the world. In fact, annuities are a vital component of the...