Who doesn’t like a guarantee, especially when it comes to a you-can-count-on-it source of income in the retirement years; more importantly, retirees look for a reliable payout over their lifetime. Given the economic doldrums of the recent years, it’s no surprise that ‘annuities’ are becoming the one produce that investors look to as that Click to Continue
Earlier this week, the Department of Labor announced they are looking for input regarding lifetime income illustrations given to participants in 401(k)s and 403(b)s. According to Phyllis Borzi, assistant secretary of Labor for EBSA (Employee Benefits Security Administration), “retirees run the risk of outliving their savings. If workers have the benefit of seeing how long Click to Continue
Earlier this week, Wells Fargo Retirement agreed to offer Prudential’s IncomeFlex Target to their 3 million plan participants. According to Sri Reddy, Prudential Institutional Income senior vice president, “the partnership will enable more and more American workers on a more secure path to and through retirement.” “This type of innovation is important as people look Click to Continue
Hold on to your pants ladies and gentlemen. The retirement ride isn’t over just yet. But it”s about to be capped. Maxing out IRA’s , contributing full bore into the 401K plans, save save save as much as you can for retirement. Right? It’s part of the American dream. Work hard, retire and do what Click to Continue
I must say, the amount of people who want to retire early is staggering. Think about your situation. Are you 50-55 or 60? Are you ready to be done working, but you can’t because you need to save more money for retirement? Are you committed to stop working? You may want to look into ERE. Click to Continue
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) credit rating of TIAA-CREF and their holding company Teachers Insurance and Annuity Association of America. TIAA is the leader in the higher education and not-for-profit pension arena.