Retirement Income / Annuities

  • Still Growing: More Than Half of IRAs With Owners Ages 60 and Older Had Growing Balances
    Still Growing: More Than Half of IRAs With Owners Ages 60 and Older Had Growing Balances

    Retirees are retaining more of their retirement income assets

    More than half of the individual retirement accounts (IRAs) owned by those near or in retirement (ages 60 or older) saw balance increases over a three-year period, according to new research by the Employee Benefit Research Institute (EBRI).
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  • Social Security Planning Challenges For Divorce
    Social Security Planning Challenges For Divorce

    Unraveling Social Security rules for ex-spouses

    From its beginnings in the days of President Franklin Roosevelt, Social Security has held fast that spouses and ex-spouses have a claiming right to retirement benefits.
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  • TIAA Launches National Higher Ed Financial Education Initiative
    TIAA Launches National Higher Ed Financial Education Initiative

    Too many Americans 'lack the financial knowledge they need to thrive'

    Leading financial services provider TIAA today announced the launch of TIAA FinSights, a national financial education initiative designed to give college students the skills to attain lifelong financial success.
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  • Athene Explores Consumer Biases in Retirement Savings
    Athene Explores Consumer Biases in Retirement Savings

    New Online video series examines longevity risk and consumer perception of retirement security

    Athene USA (“Athene”), a leading provider of retirement savings products, announced the launch of a four-part video series created in partnership with Wall Street Journal Custom Content examining common behavioral biases that hinder retirement planning.
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  • New Lincoln Financial Group Research Reveals Need to Bridge the Gap Between Women’s Financial Planning Attitudes and Behaviors
    New Lincoln Financial Group Research Reveals Need to Bridge the Gap Between Women’s Financial Planning Attitudes and Behaviors

    Company to Host Live Twitter Chat on March 27, 2019 to Help Strengthen Women's Understanding of Personal Finance and Retirement Issues

    As Americans celebrate Women’s History Month, new research released today from Lincoln Financial Group (NYSE:LNC) reveals that while women place high importance on planning for retirement and their family’s future, they are facing gaps that are keeping them from reaching the positive outcomes they seek.
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  • Avoiding Tax Time Surprises
    Avoiding Tax Time Surprises

    Most Americans Look to Reduce Tax Burden and Better Understand Impacts Due to RMDs

    As the 2018 tax deadline approaches, many Americans are looking for ways to mitigate their tax bill and navigate changes to their taxes as they reach retirement age. One often-overlooked area that can lead to unwanted surprises come tax season is required minimum distributions (RMDs).
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  • How Well Do Your Clients Understand Their Options For Taking RMDs?
    How Well Do Your Clients Understand Their Options For Taking RMDs?

    Compare these 2 deadline options and their tax implications before withdrawing your first RMD

    IRAs and other types of tax-deferred retirement accounts were designed to encourage Americans to save for retirement. At age 70½, you switch gears because you're required to start withdrawing a certain amount from your retirement accounts each year. That amount is called a required minimum distribution (RMD).
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  • J.P. Morgan Releases 2019 Guide to Retirement
    J.P. Morgan Releases 2019 Guide to Retirement

    Guide examines most significant issues across retirement landscape

    J.P. Morgan Asset Management today released the 2019 Guide to Retirement, examining the state of retirement, current challenges and opportunities, and the tools needed to support planning conversations...
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  • Too Many Americans Are Still in The Dark About Getting Financial Advice
    Too Many Americans Are Still in The Dark About Getting Financial Advice

    Nearly half incorrectly believe all advisors are legally obligated to act in clients’ best interest

    Nearly half of Americans surveyed (48 percent) mistakenly believe all financial advisors are required by law to always act in their clients’ best interest, according to new data from leading digital wealth manager Personal Capital.
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  • Busting Three Common Myths about Retirement
    Busting Three Common Myths about Retirement

    New pathways to the 'process of retirement'

    When it comes to retirement, there is often a lot of uncertainty. The process of retiring comes with a lot of complex and unique risks that individuals need to consider. With these risks often come misconceptions about planning, preparation and timing.
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  • Credit Card Debt Hits An All Time High
    Credit Card Debt Hits An All Time High

    Consumers racked up $67 billion in 2018, displaying a tendency to over-borrow and spend frivolously

    The personal-finance website WalletHub today released its latest Credit Card Debt Study, which found that consumers racked up $67 billion in credit card debt during 2018, sending outstanding debt to an all-time record high
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  • Life Insurers Endorse Bold Solution To Close The Retirement Savings Gap
    Life Insurers Endorse Bold Solution To Close The Retirement Savings Gap

    A bold strategy to prevent a 'Retirement Crisis'

    The American Council of Life Insurers (ACLI) announced today that it will endorse a federal proposal requiring employers without retirement plans to provide workers with access to a payroll deduction for savings through an IRA, 401(k), or other qualified retirement savings plan.
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  • Where Should Your Trust be Administered?
    Where Should Your Trust be Administered?

    Much of estate planning today is actually income tax planning

    by Herbert K. Daroff, J.D., CFP®, AEP®

    Today, with $11.4M federal estate exemptions, a great deal of estate planning is actually income tax planning. You should consider multi-generational tax planning as well as multi-generational creditor protection.
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