Some of the 10,000 baby-boomers retiring each day have in fact put aside enough funds to be cover their retirement. Here are some strategies to help the rest of the baby-boomers who are rapidly approaching retirement and may not have the proper savings to cover their needs. 1) Stop hoping. There is not enough time to [...]

Many baby boomers, especially the more affluent are likely to be under insured. ACE Private Risk Services did a survey of insurance agents and brokers and nearly all of them said that wealthy consumers were likely to be under insured in liability coverage, which helps protect them from multi million dollar lawsuits.      Another [...]

Jefferson National has been recognized by Cerulli Associates as the “gold standard” for creating the industry’s first flat-fee variable annuity.  Since 2005 they have helped put over $1.4 billion into tax deferred variable annuities from RIAs that “don’t do annuities.”  Tax-deferral will continue to become a bigger and bigger part of asset management especially as we approach [...]

The great news is that Prudential is one of the most common household names when it comes to insurance and finance.  They have their hands in many cookie jars and have always done a great job at customer service and keeping a great brand name.  The bad news is that their derivatives have cost them [...]

One-third of Americans haven’t considered their potential long-term care financial needs when it comes to their longevity and lifestyle, according to a new study from Northwestern Mutual.     The Long-Term Care Awareness Study also found that less than half (46 percent) of Americans feel financially equipped to live beyond age 75, and slightly more [...]

The Hartford is offering customers a better “cash surrender” value to people who have variable annuities with a Lifetime Income Builder II rider, which is a special endorsement offered at an additional cost. Essentially, the rider ensures regular payments over time, and The Hartford wants to offer a larger cash value now in order to [...]

According to Peter Schiff, the CEO of Euro Pacific Capital and author of The Real Crash: America’s Coming Bankruptcy, the recent highs for the dollar will not last and inflation will increase.  Schiff says, “Ben Bernanke’s job is safe now that Obama was re-elected, but your money is not…Ultimately, they’re going to print even more [...]

The Income rider (Lifetime Income Edge) on the Lincoln indexed annuity product line has been one of the best riders available for the past few months.  I guess the adage that all good things come to an end is true in this case as well. Although still very competitive, Lincoln no longer has such an [...]

In a world with low interest rates, every insurance carrier needs to watch their premium. This includes Jackson National. On November 8th, they announced that they are within $1 billion of their upper range of premium that they can accept in 2012.  They will no longer be accepting 1035 or qualified transfers until at least [...]

Congress isn’t likely to stop the $5 million estate and gift tax exemption from resetting to $1 million before New Year’s. That doesn’t necessarily mean, however, that clients only have seven more weeks to take advantage of this planning opportunity, taxation expert Thomas Pauloski said. He is national managing director of Alliance Bernstein’s Wealth Management [...]