Investors constantly balance their desire for the highest possible returns against their desire to guard against big losses. For many people, that balance was thrown off in recent years with the wild swings in financial markets. The ...
Here's an often overlooked reason to use annuities in your retirement portfolio: To prevent yourself from making mistakes in the event that you become cognitively impaired.
Do Americans like the idea of buying annuities to guarantee their retirement income? It depends on how you frame it, according to research released last week by BlackRock, for which Boston Research Group polled 1,035 retirees.
NEW YORK (MarketWatch) — Bowing to pressure from hedge-fund titan John Paulson, Hartford Financial Services Group Inc. said Wednesday it would exit its annuity business and weigh a sale of a large portion of its life-insurance operation.
Last month, Glenn Neasham, an independent insurance agent, was ordered to spend 90 days in jail on a felony-theft conviction for selling a complex annuity to an 83-year-old woman who prosecutors alleged had shown signs of dementia.
A California state judge granted bail Tuesday to an insurance agent so he can avoid jail time while appealing a felony-theft conviction for selling an annuity to an 83-year-old woman.
Alicia Munnell, the director of the Center for Retirement Research at Boston College, is a weekly contributor to "Encore. The biggest problem with 401(k) plans is that people do not have enough money in them. Typical estimates of the ...
Hartford Financial Services Group Inc. on Wednesday unveiled plans for a radical overhaul of its business in an effort to revive its share price and satisfy demands by the hedge-fund manager John Paulson for "drastic" change at ...
Alicia Munnell, the director of the Center for Retirement Research at Boston College, is a weekly contributor to "Encore. The biggest challenge facing participants in 401(k) plans will be figuring out how to draw down their balances in ...
Americans with pension envy increasingly are turning to a relatively new breed of annuity, known as "longevity" insurance, to restore some financial security to what are supposed to be their golden years.
Hartford Financial Services Group Inc. took a step toward exiting from the annuity business, agreeing to sell units that develop, market and distribute new versions of the investment and retirement-income products.
A decade ago, Hartford Financial Services Group Inc. began selling baby boomers a new kind of retirement-income product to guard against outliving their savings. It was an instant hit.
Investors are focusing on Facebook's offering price as the company prepares to go public as soon as next week. Tax specialists are paying attention to something else: how half a dozen of the firm's luminaries, including founder Mark ...
Americans overall stayed on track with their retirement savings in the past year - but households that were less prepared last year are even worse off this year.