Sales of variable annuities jumped 16 percent in the second quarter, according to research organization LIMRA and its 2011 U.S. Individual Annuities Sales survey.
According to Forbes, there are 13 mistakes plan participants make with their 401(k). Id like to add No. 14: no plan for how they wont burn through their savings after they retire.
The American Civil Liberties Union and the ACLU of Kansas and Western Missouri filed a lawsuit Tuesday challenging a Kansas law that prohibits insurers from covering abortion in their comprehensive plans.
New research from the Insured Retirement Institute finds middle-income baby boomers lack confidence and resources to maneuver into retirement, and that this segment is largely underserved by financial professionals.
Rattled by all the chaos and unpredictability in the markets? Get used to it. Predictions from global professional services company Towers Watson say dramatic financial developments over the past week or so like S&Ps downgrade are likely to keep happening for a number of years.
The first six trading days of August struck a blow to pension plans sponsored by S&P 1500 companies, with the aggregate funded status decreasing by $191 billion to a funding deficit of $496 billion and an aggregate funded ratio of 73 percent as of the market close on Aug. 8....