Annuity News

Elizabeth Warren recently wrote a rather extraordinary piece on the hollowing of the American middle class and the need for a Consumer Financial Protection Agency (CFPA). Consider the following: 1 in 5 Americans is unemployed or underemployed. 1 in 9 American families cannot make the minimum payment on their credit card. 1 in 8 mortgages are in default or foreclosure. 1 in 8 Americans is on food stamps. More than 120,000 American families are filing for bankruptcy every month. When adjusted for...

A recent Wall Street Journal article discusses the renewed focus on conservative and rather boring investment options among the wealth management community. In the wake of extreme capital market volatility during the past couple of years, wealth managers have returned to basics in their discussions with current and prospective clients. Among the more mundane options that are frequently discussed are: Annuities, and in particular fixed annuities. Bank deposits. Dividend paying stocks. Face to...

The Centers for Disease Control and Prevention reports that: The number of obese adults in the United States has more than doubled in the past 25 years. The number of obese adults in the U.S. now totals 34 percent of the population or 72 million people. Obesity related medical costs totaled $147 billion in 2008. Obesity accounts for 5 - 15 percent of deaths in the U.S. Meanwhile, smoking is related to 18 percent of deaths. As a result, researchers are starting to see the adverse effects of the...

Although mentioned previously , it is worth noting again that Moshe Milevsky is the most active, creative and interesting voice in the asset decumulation industry. Moshe produces copious amounts of outstanding materials that shed light on the world of annuities for both professional and consumer audiences. A recent interview in The Journal of Financial Planning is highly recommended. Moshe is working on a soon to be released book on lifecycle investing . In the Journal of Financial Planning...