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Is your annuity safe?
Question: I have $100,000 in an annuity with AIG that my mom and I depend on for income to live. Should I cash it out even though I would suffer a loss, or do you think I should hold onto it? It's so hard to know what to do. ?Kitty Schwartz, Plano, Texas Answer: Most [...]
Bank Annuity Sales Finally Stabilize
Despite low rates, Kehrer-Limra says certificates of deposit are currently paying out more than fixed annuities, total sales of annuities in banks are holding steady, the consultant says.
Apathy could cost you 20pc extra income in retirement
Annuity rates have slumped alarmingly since the financial crisis and they have just keep falling.
Invest windfall in annuity to avoid turbulence
Invest windfall in annuity to avoid turbulence
Beacon's Fixed Annuity Premium Study Reports Second Quarter's Fixed Annuity Sales
EVANSTON, Ill. -- U.S. sales of fixed annuities were an estimated $19.4 billion in second quarter 2010, according to data from the Beacon Research Fixed Annuity Premium Study.1 Sales were up 18% from first quarter 2010.
Lawson defends providers over OMO
Last week, Money Marketing reported the Government was planning to crack down on perceived failings of the annuity open market option. Yet far from failing, I doubt whether there is a market for any UK financial product where such a high proportion of consumers make such informed choices.
The wrong (and right) way to get income for life
You've no doubt seen those AXA Equitable commercials in which an 800-pound gorilla advises a couple nearing retirement to consider annuities as a way to guarantee income for the rest of their lives.
Save on your insurance costs
Earlier this week, we told you how to cut your fees. Now, how to save more money on your insurance.
Record sales of smokers' pensions
Smokers and people with weight problems are buying a tailored pension income in greater numbers, according to research.
BofA CEO: $53 million retirement score
Ken Lewis doesn't have a golden parachute, but he's all set for a comfortable landing -- unlike his long-suffering shareholders.
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