Wade Dokken, president of WealthVest Marketing, and Earl Pomeroy, former U.S. Representative for North Dakota speak about the future of Medicare in the United States. Wade Dokken: Well, I think we are live. For everybody out there – and I see it’s a pretty huge turnout today – it’s really a privilege. We created [...]
Pensions are in Danger of Bankruptcy
The private pension system looks increasingly unstable. Tough economic times have led to the collapse of hundreds of private companies big and small alike. When private companies file for bankruptcy, they are for the most part unable to pay for retirement plans they had established. This inability to pay often is a result of under-funded pensions [...]
Baby Boomers 401k Dreams Go Bust
The Baby Boom generation‘s dreams continue to fade. Their home prices have been devastated to price levels first attained 6-8 years ago. This decline in value has in many cases eliminated their principal value invested in their home–historically a dominant element of retiree net worth. Simultaneously is the wake-up call of their 401k [...]
Will Your current Retirement Savings Plan Meet Your Needs?
Current and future retirees have some important advantages over people that retired even a few decades ago. Due to advances in medicine and healthier lifestyles, an individual retiring at 65 today can and should arrange for 20 or more relatively healthy years. Given very long time horizons and the proven fact that nearly all today’s [...]
Hartford Life Finds Americans More Dependent on Social Security
SIMSBURY, Conn.–(BUSINESS WIRE)– Social Security is becoming increasingly important as a source of retirement income for Americans as they face a weak economic environment, high unemployment and an uncertain future, according to a new study released today by The Hartford Financial Services Group, Inc. (NYSE: HIG). However, despite the growing dependence on Social Security, most Americans say they are [...]
LIMRA Study: Consumers Continue to Opt for Guaranteed Living Benefit Riders With Variable Annuity Contracts
WINDSOR, Conn., Aug. 31, 2010— Guaranteed Living Benefit (GLB) riders were elected in variable annuities (VA) generating $20.3 billion of new deferred VA premium in the second quarter, an 18 percent increase over the first quarter, according to LIMRA’s second quarter study, which represents 95 percent of the variable annuity GLB industry. “Guaranteed living benefits [...]
LIMRA study examines who buys annuities
Most immediate annuities are sold through insurance agents, but a growing portion are sold through banks, national full-service, broker-dealers and independent broker dealers working with retirees who want to create an income stream, according to LIMRA’s new guaranteed income annuities report. Of immediate annuity buyers in 2008 and 2009, 60 percent were women, and the [...]
Baby boomers are facing a retirement disaster
Baby boomers are facing a retirement disaster. Insufficient savings, a lost decade of 401k returns, home values 30% under water and a job market that is difficult if you are of a certain age and need to continue to work. My blog focuses on a broad set of issues revolving around the retirement crisis in [...]
American Retirement Crisis Looms Ahead
This post is from Seeking Alpha, consistently the home of some of the most insightful writing on markets and economic issues. The only piece of this article that I find troubling–which I believe is common in this pension/social security writing–is that it is implied in this article that “defined benefit plans” are superior and if [...]
Your Own Retirement Re-Launches Their Financial Planning Blog
(1888PressRelease) December 21, 2010 – Retirement financial specialists Your Own Retirement recently re-launched their corporate blog in order to stay social and communicate with their retirement audience at all times online. Your Own Retirement company blog focuses on a variety of different retirement issues including, financial planning, retirement tips and overall financial information specifically surrounding [...]
