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Archive | February 1, 2013

Fidelity Deferred Income Annuity

Fidelity Investments announced on Friday they are broadening its deferred income annuity platform with a new product to help pre-retirees create future lifetime income. Investor demand for strategies and products that provide guaranteed lifetime income is increasing, driven by a greater reliance on creating income from personal savings. MassMutual RetireEase Choice becomes the second deferred income  Click to Continue

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Social Security Paper Checks

Millions of Americans still receiving paper checks for Social Security and other federal benefits have less than two months to switch to electronic payments. In an effort to reduce spending, the feds began retiring paper checks and using direct deposits and prepaid “Direct Express” debit cards back in May 2011.  Not only does the Social  Click to Continue

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Social Security Funding Problems

Investment news has a long article on the potential and the potential problems with social security reform.  The part I’m more interested in is the future funding of the program.  Here is the excerpt.   Social Security currently faces a projected long-term funding shortfall, and if Congress fails to act, the program would be able  Click to Continue

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