Run Out Of Money? No Way.

More and more Americans are retiring with 401(k) and IRA savings rather than pension benefits. Unlike pensioners, these folks must manage their savings throughout retirement. How long will that be? No one knows, but it could be 20 years or more. Financial professionals refer to this challenge as “longevity risk.” Fortunately, there is a way … Continue reading "Run Out Of Money? No Way."

Delaware Does it Right

Retirement security has been an elusive goal for many Americans. The economic slowdown prompted by COVID-19 hasn’t made things any easier. Fortunately, there is support for Americans on the horizon. And it’s emerging from states like Delaware. This week, Delaware Insurance Commissioner Trinidad Navarro proposed a rule that would ensure that American savers retain access … Continue reading "Delaware Does it Right"

Rhode Island Moving to Protect its Citizens’ Financial Security

For many Americans, concerns about their retirement security have intensified in 2020 due to the economic disruption and market volatility triggered by COVID-19.  Their concerns can be lessened through financial security products offered by life insurers, including annuities. Annuities are the only financial product in the marketplace that can guarantee lifetime income.  Americans receive valuable information … Continue reading "Rhode Island Moving to Protect its Citizens’ Financial Security"

COVID-19 Magnifies Retirement Savings Gap, Emphasizes Need to Act

The economic slowdown prompted by the COVID-19 pandemic has affected millions of Americans. It has also intensified the importance of finding solutions to the retirement savings gap faced by so many Americans. One-third reaching retirement age have $25,000 or less saved. Last year, the U.S. Congress took an important step forward by passing the SECURE … Continue reading "COVID-19 Magnifies Retirement Savings Gap, Emphasizes Need to Act"

It’s the Rule of Law: Protecting Consumers’ Best Interest

Earlier this year, Iowa’s Insurance Department approved a best interest annuity rule that closely follows the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation. A few weeks later, Arizona Governor Doug Ducey signed a bill into law that also mirrors the NAIC model. Iowa and Arizona demonstrated how states can provide people purchasing annuities … Continue reading "It’s the Rule of Law: Protecting Consumers’ Best Interest"