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.

Federal Reserve Chairman Bernanke's Variable Annuity Loses Value in 2008

The wealth of Federal Reserve chairman Ben Bernanke decreased to $850,000 - $1.9 million at the end of 2008 from the $1.2 million - $2.5 million range in 2007. The financial crisis took a toll on most of chairman Bernanke's asset holdings. Particularly hard hit, though, was the variable annuity that is owned by chairman Bernanke: "Much of Mr. Bernanke's decline came from a large-cap stock variable annuity he holds, whose value dropped from between $500,000 and $1 million at the end of 2007 to...

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Part Two of the Interview with Wharton Professor David Babbel

This is the second part of an interview with Professor David Babbel.

Part one can be found here.

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Sequence of Returns Effect

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Sequence of Returns Effect

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An Interview with Wharton Professor David Babbel - Part One

This is the first part of an interview with Wharton Professor David Babbel.

Professor Babbel led the...

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Annuity

Fixed Indexed Annuity

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Annuity

Fixed Indexed Annuity

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MetLife Introduces Low Cost Variable Annuity

MetLife recently announced the launch of a simple, low cost variable annuity called Simple Solutions. The Simple Solutions variable annuity will be sold through banks and is intended to address retirees and near-retirees in the range of 60-80 years of age. Features and highlights include: A guaranteed lifetime withdrawal benefit of up to 6% of the initial investment if withdrawals begin after age 76, 5% between 65 and 75, and 4% if before age 65. Automatic annual increases of the GLWB if the...

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Guaranteed Lifetime Withdrawal Benefit

Variable Annuity

Mortality and Expense Charge

Mortality

Investment Management Fee

GLWB

Asset Allocation

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Annuity

Asset

Guaranteed Lifetime Withdrawal Benefit

Variable Annuity

Mortality and Expense Charge

Mortality

Investment Management Fee

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The Absolute Return Unicorn - Investment Products Offering Both Gains and Protections Prove Elusive

The asset management industry has struggled to provide older investors and retirees with investment products that provide returns with little or no risk of losing principal.

In other words, the industry has not had any success in developing investment products that provide return without any risk.

A recent Wall Street Journal article discusses many of these failed attempts and explains how: