Retirement

Starting on January 1 2010, proceeds from annuities will be free from federal income taxes when used to pay for long term care . The Pension Protection Act of 2006 provides the basis for this change in the tax law. So called "long term care annuities" provide an alternative to the purchase of a long term care insurance policy. There are pros and cons to both approaches, and consumers may wish to pursue both options as they potentially complement one another. A positive for the annuity involves...

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Long Term Care Annuity

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Retirement

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Read more about Annuity Income is Tax Free Starting in 2010 When Used to Pay for Long Term Care
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Long Term Care Annuity

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Retirement

Taxes

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The Costs of Investing and How the Fund Management Industry Comes Out on Top

A common refrain among the financial media and the asset accumulation community is that annuities represent a poor option because of the high fees and expenses—much of which is presumably directed towards compensation of intermediaries—that are incurred by the customer.

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Read more about The Costs of Investing and How the Fund Management Industry Comes Out on Top
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TIAA-CREF CEO on Annuities as the Backbone of a 21st Century Retirement System

In a recent interview, TIAA-CREF CEO Roger Ferguson discusses post financial crisis retirement planning and CREF's role in the new retirement planning landscape. Ferguson believes that increasing longevity in the U.S. is a key driver of what will be a very different 21st century retirement system. Ferguson also suggests that stable sources of lifetime guaranteed income --in other words an annuity --should provide the "backbone" of the future system: It's really important to use this to educate...

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