Annuity News

Bill Gross manages the world's largest bond fund at Pacific Investment Management Company (PIMCO). Gross suggests that the United States is entering a new era of higher savings, lower consumption and lower economic growth that could last as long as a generation. Gross recommends that investors "stress secure income " in this new environment. Recommended sources of secure income include bonds and dividend paying equities: Higher savings, lower consumption and annual economic growth of about 2...

What are older investors to do right now? Get out of the stock market entirely? Stay out of the market if you have already decided to get out? Get back into the market now or wait and risk further increases while on the sidelines? Place the majority of your savings in bonds? Purchase an immediate annuity ? Purchase that immediate annuity with inflation protection? Tough questions for both investors and their advisors. There are some good thoughts and discussions shared in a recent New York...

Insurance Company rating agency A.M. Best released a report on the state of the industry for life and annuity insurance companies. The report is somewhat optimistic given the carnage the industry has experienced over the past year or so. The industry as a whole managed to eke out a small amount of net income --$91.5 million--for 2008. However, capital losses for 2008 reached $19.6 billion. Companies such as Allstate Corporation and The Hartford Financial Services have been hit hardest. However...

The financial crisis has had an enormous impact on the financial plans of millions of people around the world. The savings of millions of retirees and near retirees have taken a huge hit at the worst possible time. This message has become fairly ubiquitous in the financial media. However, the message that has not been as clear involves longevity risk . The reality is that average lifespans are headed in the opposite direction from the levels of saving required to fund those golden years...