Don't be surprised if annuities start popping up in your 401(k) plan. Last week, the U.S. Treasury Department proposed regulations designed to make it easier for 401(k) and other defined contribution plans to offer annuities to employees, ...
SAN FRANCISCO (MarketWatch) — Investors approaching retirement and worried about the negative effect of a volatile market on their savings might want to give annuities a closer look — even though ultralow interest rates currently make that ...
SAN FRANCISCO (MarketWatch) — The Obama administration on Thursday proposed new rules aimed at encouraging retirement savers to tap annuities and other products that allow them to turn their savings into a guaranteed monthly income for ...
BOSTON (MarketWatch) — On paper, it’s tempting: Invest in a variable annuity and you get a guaranteed income stream for life. But variable annuities that guarantee certain benefits might come at a steep cost that’s not readily apparent to ...
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Variable annuities are coming back to bite insurers. Shares in ING Group fell 5% Wednesday after it booked a €1 billion ($1.34 billion) charge to cover higher-than-expected liabilities on U.S. variable annuities. ING isn't the first insurer ...
AMSTERDAM—Dutch financial-services company ING Group NV said Wednesday that fourth-quarter earnings will take a hit of up to €1.1 billion ($1.48 billion) from the company's U.S.-annuities business as part of its preparations to spin off its ...
Question: Is a fixed-index annuity a good or bad investment for someone nearing retirement? -- Carol Ring, Santa Clarita, Calif. Answer: It sounds like a good deal—a guaranteed minimum return no matter what the stock market does. But experts ...
The U.S. Labor Department took steps on Thursday to improve the disclosure of fees paid by millions of participants in 401(k) and other retirement-savings plans.
Some state regulators are concerned the insurance industry's latest push to guarantee investors that they won't outlive their retirement savings could leave some companies with steep losses should the markets endure another crisis.
With Social Security running deficits, politicians and academics are floating all sorts of proposals to "reform" the program. Most, if not all, focus on ways to cut retiree benefits. Some extend the age at which beneficiaries become ...
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Hartford Financial Services Group Inc.'s fourth-quarter earnings fell 79% to $127 million, driven by investment losses and the rising cost of workers' compensation claims.