Asset

An asset any item of tangible or intangible value that entails a future benefit. For example, funds in a 401(K) are assets that can be converted into retirement funds or income at a future date.

Financial Crisis Will be Seen Fundamentally as a Crisis for Retirees and Near Retirees

Professor James Galbraith provided a keynote address at a recent industry conference sponsored by NAVA—the Association for Insured Retirement Solutions.

Professor Galbraith comes from the Economics department at the LBJ School of Public Affairs at the University of Texas at Austin. A Keynesian and an author most recently of The Predator State, Professor Galbraith has been a consistently strong and vocal advocate of government stimulus and intervention in response to the financial crisis.

Professor Galbraith’s basic message is...

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Any comment on Riversource Life Insur CO? Their AMBest Rating is generally positive but no FDIC insurance makes me nervous

Are you asking from the perspective of a current or prospective policyholder?

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New "Hybrid" Products Combine Traditional Investments with Insurance that Guarantees Income

Traditional asset allocation and many target date mutual funds have not served retirees and near-retirees well during the financial crisis. Many in the asset management community are realizing that diversification and asset allocation are not sufficient. Largely in response to the crisis, several companies are rolling-out new products that combine traditional asset management and insurance . These "hybrid" products use insurance to create a base income that is guaranteed for life and is not...

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Who insures my annuity? What happens if they fail?

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Hybrid 401(k)s that Include Annuities Slow to Gain Market Traction

Barclays and other large asset managers roll-out sophisticated defined contribution plans that have annuity options built into the plans. Employers, however, have been slow to adopt the new programs. If you're approaching retirement right now, there's no easy fix for your portfolio. But if you are in midcareer, you may soon have a chance to structure your 401(k) in a much different way. A dozen or so asset managers and insurers, including AllianceBernstein, AXA, Barclays Global Investors, John...

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