Retirement Income / Annuities

  • New York Life Declares Largest Dividend In Company History
    New York Life Declares Largest Dividend In Company History

    Declaring a dividend for the 168th consecutive year underscores New York Life’s commitment to financial strength, mutuality, and delivering ongoing value to policy owners

    New York Life, America’s largest and most admired mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history.
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  • Shaping The Retirement Landscape
    Shaping The Retirement Landscape

    Closing a widening retirement savings gap, improving financial wellness, and adjusting to lower return expectations

    T. Rowe Price held its inaugural U.S. Retirement Market Outlook press briefing yesterday, offering research-based insights on major themes expected to shape the retirement landscape in 2022. Amid recent significant global events like the pandemic and its impact on the market, a select group of the firm's experts shared their perspectives on key topics, including…
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  • American’s View Of State-Facilitated Retirement Programs
    American’s View Of State-Facilitated Retirement Programs

    72 percent of Americans say these retirement programs are a good idea

    A national survey finds strong support for new state-facilitated retirement programs aimed at helping workers without employer-provided plans save for retirement. The vast majority of Americans (72 percent) agree that state-facilitated retirement savings programs are a good idea, with high support across party and generational lines. Three-quarters of Americans say they would participate in these…
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  • Total Annuity Sales Rise 12% in Third Quarter
    Total Annuity Sales Rise 12% in Third Quarter

    Year-to-date fee-based variable annuities hit record sales levels

    Year-to-date fee-based variable annuities hit record sales levels Secure Retirement Institute’s U.S. Individual Annuity Sales Survey provides the results of third quarter annuity sales. WINDSOR, Conn., Nov. 18, 2021—Total U.S. annuity sales were $62.3 billion in the third quarter, up 12% from third quarter 2020. Year-to-date, annuity sales increased 19% to $191.4 billion, according to…
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  • Putting Aging Risks Into Perspective
    Putting Aging Risks Into Perspective

    Retirees are less worried about financial fraud and costs associated with aging

    Despite being at the highest risk of experiencing elder financial abuse, retirees reported having the least concern that they will become a victim of financial fraud and scams. Less than a quarter (24%) of retirees worry they may become a victim of financial fraud, compared with 42% of pre-retirees and 46% of near-retirees, according to…
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  • Building Financial Futures
    Building Financial Futures

    Retirement savers "stay the course' in spite of stock market sings and ongoing economic uncertainty

    Fidelity Investments®, a market-leading workplace benefits company and America’s No. 1 IRA provider, today released its quarterly analysis of savings behaviors and account balances for more than 30 million IRA, 401(k), and 403(b) retirement accounts. Despite the significant swings in the stock market, the analysis found there were minimal changes to the average retirement account…
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  • Lincoln Financial Launches New Crediting Strategy Within Lincoln Level Advantage
    Lincoln Financial Launches New Crediting Strategy Within Lincoln Level Advantage

    Faced with rising taxes and ongoing market uncertainty, pre-retirees lean on new investment options to maximize savings potential

    Lincoln Financial Group (NYSE: LNC) today announced the upcoming launch of a new crediting strategy within its highly recognized indexed variable annuity, Lincoln Level Advantage®. Beginning Nov. 22, 2021, new contracts with Lincoln Level Advantage will offer a spread crediting strategy, in addition to several existing investing options, providing investors with a new option for…
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  • Advisors Feel Annuities Suitable For Retirees & Pre-Retirees In Middle & Mass Affluent Markets
    Advisors Feel Annuities Suitable For Retirees & Pre-Retirees In Middle & Mass Affluent Markets

    The pandemic has led pre-retirees and retirees to investigate new ways to protect their assets against loss

    More than a third of pre-retirees are very worried about running out of money in retirement, according to Secure Retirement Institute® (SRI®) research. Annuities can protect principal and provide guaranteed lifetime income, alleviating pre-retirees’ and retirees’ concerns about their longevity risk. However, while annuities have features uniquely suited to retirement, they are not necessarily appropriate…
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  • Bridging The Collateral Divide
    Bridging The Collateral Divide

    Measuring the true extent of fragmentation in the collateral marketplace

    The global collateral marketplace remains highly fragmented, making it challenging for market participants to easily deliver securities to locations where they can be efficiently posted as collateral, according to a new white paper published today by BNY Mellon and Euroclear.
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  • Incremental Safe Income
    Incremental Safe Income

    How advisors can increase a client’s annual retirement income by optimizing their personal retirement strategy

    A standard approach to retirement income planning is gathering data on a client, budgeting their expenses, and then an advisor piecemeal testing various levers in isolation to find a strategy with a reasonable probability of success (PoS). This is a time consuming process that is unlikely to yield the best plan for a client.
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  • Attitudes Toward Guaranteed Income In Defined Contribution Plans
    Attitudes Toward Guaranteed Income In Defined Contribution Plans

    Eight in 10 participants prefer guaranteed income options in defined contribution plans

    New research conducted by two leading fellows from the Alliance for Lifetime Income’s Retirement Income Institute, Participant Attitudes Toward Guaranteed Income in a Defined Contribution Plan, finds that employees would welcome retirement income options within employer-sponsored defined contribution plans. A majority of workers would prefer a mix of investments and lifetime income over either traditional…
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  • Pandemic Takes Its Toll On Caregivers
    Pandemic Takes Its Toll On Caregivers

    Nearly 60% of caregivers have shouldered new caregiving responsibilities since the pandemic

    The impact of the Covid-19 pandemic has been felt especially hard among the nation’s caregivers, according to the latest findings from Northwestern Mutual’s 2021 Planning & Progress Study. One in five (21%) of Americans report they are currently providing care for someone, and among them six in ten (59%) say that they have had to…
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  • Despite Barriers, 80% Of Gen Z Are Taking Positive Steps Toward Achieving Their Financial Goals
    Despite Barriers, 80% Of Gen Z Are Taking Positive Steps Toward Achieving Their Financial Goals

    Working to understand the unique needs and priorities of diverse communities in order to provide the resources and guidance to empower everyone on their journey to financial wellness

    Gen Z is emerging from the pandemic with a greater focus on saving, financial independence, gathering life experiences, and seeking financial education many were without access to in their schools and communities growing up.
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