Income

Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.

U.K. Government Considering an End to Compulsory Annuity Purchases

British lawmakers are considering an end to the law that requires many U.K. retirees to purchase an annuity by the time they turn age 75. As an interim step, the U.K Chancellor modified the current law so that the age for compulsory annuitization is increased to 77 from the current level of 75 years of age.

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Annuity

Annuitization

Compulsory Annuitization

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Annuity

Annuitization

Compulsory Annuitization

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Most Retirees and Near Retirees "Consumed by Fear"

A recent article in Bloomberg discusses the financial challenges faced by most retirees in the United States and the steps that the Obama Administration is taking to address the crisis. The demise of defined benefit pension plans over the past thirty years correlates almost perfectly with the rise of defined contribution plans such as 401ks.

Glossary:

Annuity

Annuitization

Compulsory Annuitization

Defined Contribution Plan

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Glossary:

Annuity

Annuitization

Compulsory Annuitization

Defined Contribution Plan

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The Five Most Interesting Companies at Finovate

Finovate is a popular conference series featuring young technology companies that are focused on financial services.

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Hartford Financial Swings to Profit on Strong Annuity Business

The Hartford Financial Services Group recently reported net income of $319 million for the most recent quarter. This represents a $1.5 billion swing from the $1.2 billion loss reported a year earlier. The company raised its earnings outlook and reported strength in its U.S. annuities business which reported $153 million in net income. Source: Reuters Full Story

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MetLife Reports Strong Earnings on Jump in Investment Income

U.S. annuity industry leader MetLife reported strong earnings and provided an optimistic outlook for the remainder of 2010. Metlife reported a 12 percent increase in revenue to $8.8 billion during the most recent quarter. The revenue and earnings picture was aided by a 31 percent increase in investment income.

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