Annuity Versus IRA

My spouse recently left her employer and has about $200,000 in her 401K with this previous employer. A friend of ours who works for a brokerage firm spoke to us about doing either an IRA rollover or possibly investing in a variable annuity.

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The Head of Retirement and Services at BofA Merrill Lynch Offers Views on Retirement Planning Reform

Andy Sieg is the head of Retirement Planning and Services for Bank of America Merrill Lynch. Sieg provides his views on retirement planning reform in a recent op-ed piece in Investment Advisor. Among Sieg's points are: Support of the steps recently outlined by the Obama Administration to ancourage and support adequate financial planning for retirement. Specifically, support of incentives such as automatic enrollment for employer-sponsored savings options such as 401ks and IRAs. Support of...

Annuities and Other Forms of Guaranteed Income are Priorities for the Obama Administration

Much has been written over the past couple of weeks about the Obama Administration's support of annuities.

The New York Times ran a story about the "unloved annuity getting a hug from Obama."

Bloomberg featured an article in its personal finance section describing the potential, the pitfalls and the overall industry enthusiasm surrounding in-plan annuities.

The federal government has posted a...

Federal Government Requests Advice on Use of Annuities in Retirement Plans

A handfull of federal agencies have posted a request in the Federal Register. The agencies are requesting information and advice on the use of annuities and other lifetime income products in employer sponsored retirement plans such as 401ks. Comments are due May 3. The interest stems from the prevalence of defined contribution retirement plans such as 401ks and the fact that most participants in these retirement plans distribute their savings in the form of a lump sum rather than a stream of...
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