Retirement Income

New York Life Reports Record Sales of Fixed Immediate Annuities

New York Life Insurance Company reported record sales of fixed immediate annuity products for the third quarter of 2010. The nation's largest mutual life insurer reported $1.3 billion in fixed immediate annuity sales--an increase of 4 percent over the same period last year. According to EVP for Retirement Income Security Chris Blunt: “We’re on pace to achieve a seventh consecutive year of record sales of lifetime income annuities. Americans are more actively taking personal...

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Fixed Immediate Annuity

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Study Shows the Impact of Annuities on Retirement Security

The Center for Retirement Research at Boston College recently published a research brief that analyzes the impact of annuitization on retirement security .

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Veritat Offers Comprehensive, Fee-Only Financial Planning Services that are Affordable and Scalable

Veritat is a start-up seeking to leverage process and technology innovation to scale a business model that is typically saddled with persistent and burdensome variable costs. If successful, Veritat will be able to deliver premium services to a mass audience.

As a registered investment advisor (RIA) that adheres to the fiduciary standard, Veritat provides comprehensive financial planning services through financial advisors who are employed by the company and share a common sense of mission.

We spoke with Dr. Kent Smetters who is the President of Veritat and a professor at the Wharton School at the University of Pennsylvania.

Annuity Digest: How did Veritat come into existence?

Dr. Kent Smetters:...

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The Five Most Interesting Companies at Finovate

Finovate is a popular conference series featuring young technology companies that are focused on financial services.

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Mark Iwry Seems to Appear Bullish on Longevity Annuities

Investment News reports that public officials met with retirement income industry executives at the MetLife benefits symposium in Washington. Part of the discussion focused on the use of annuities in defined contribution pension plans such as 401ks.

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