How will this proposed change affect you? AARP video on the chained CPI . http://www.aarp.org/videos.id=2212945040001
Boomer Retirement – the “new normal” challenges retirement security.
Boomer Retirement – the “new normal” challenges retirement security. Debt is retirement security’s monster lurking in the closet. On average Baby Boomers have a shortfall in retirement savings of approximately $500,000 according to a recent survey performed by JD Ameritrade. American Consumer Credit Counseling sites debt as the culprit. Baby Boomers are entering retirement with [...]
FIA sales predicted to rise in 2013.
FIA sales predicted to rise in 2013. According to Sheryl J. Moore, the President and CEO of Moore Market Intelligence, 2013 will continue 2012’s trend of record setting Fixed Index Annuity sales. Much like FIA’s 2010’s third quarter sales apex of $8.6 billion dollars – a 17 percent rise from the same period the year [...]
Low interest rates will affect your retirement income.
Low interest rates will affect your retirement income. Prolonged low interest rates have major impact on your retirement income. Why? Ernst & Young’s Retirement Analytics conducted a study to identify the results of low interest rates and the resulting failure rate of personal financial portfolios. With just market volatility and longevity risk the subject portfolios [...]
Albeit GOP opposition, House votes to approve Senate deal.
Albeit GOP opposition, House votes to approve Senate deal. Compromise was found on the House floor late last night as a slightly modified version of the Senate deal crafted in the early hours of Tuesday morning was approved with a minor change to the estate tax bill. The tweaked proposal offers a 5.12 million dollar [...]
Happy New Year’s – stepping away from the Fiscal Cliff.
Happy New Year’s – stepping away from the Fiscal Cliff. With the apparent aversion of the Fiscal Cliff by the Senate with an 89 – 8 bipartisan vote last night around 2 a.m., the deal now moves on to the floor of the House for their stamp of approval. Convening at noon, a vote could [...]
December 31, 2012 Fiscal Cliff budget impasse.
December 31, 2012 Fiscal Cliff budget impasse. The Fiscal Cliff is no longer just looming…our toes are literally dangling over its edge! With T-minus twelve hours and counting, that hopeful eleventh hour and 59th minute deal can’t come too soon. Even amid speculation that a retro-active deal can be created after the clock strikes twelve; [...]
Annuities in 2013 – five industry predictions…
Annuities in 2013 – five industry predictions… For many, the celebration of the New Year brings with it the hope of future prosperity and well being. What will 2013 bring to the world of annuities? Expectations are running high with the consensus that the majority of these products will continue gaining momentum throughout the year. [...]
Income security, reliability and risk tolerance – generational gaps.
Income security, reliability and risk tolerance – generational gaps. Last week I attended a seminar conducted by a CPA discussing the state of the economy and predicting future trends. I was struck by the differing predispositions amongst Baby Boomers, Generation X and Generation Y. It was noted that the latter oftentimes shared the mindset of [...]
