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Archive | February 5, 2013

Income Riders – The Answer to 2.8% being the new 4% for Retirees

How much money can I afford to take from my portfolio, in order to last me through retirement?  This is a question retirees, baby boomers, and the senior market are faced with day in and out.  There was a great article on “Market Watch – The Wall Street Journal” today, written by Anne Tregesen that  Full Article…

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Annuities Inside of 401(k) Plans

For those of you that have read the excellent and eye-opening book called, “Savior Retirement”, then you already have a pretty good idea about the shortcomings of 401(k) plans.  Most notably that your 401(k) account will never be able to contractually guarantee a lifetime income stream.  What retirement product can produce contractually guaranteed lifetime income  Full Article…

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Pensions Plans: Should I take a Lump Sum or a Lifetime Payout?

The answer is really up to you.  The following are factors a consumer needs to consider prior to making this decision.    Questions you need to consider are: When do I really think I’m going to retire? What additional retirement funds do I have in addition to this?   If you choose the lifetime income  Full Article…

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Buffett’s Berkshire Hathaway Takes on Risk from Variable Annuity Riders

It an interesting play, Warren Buffet’s Berkshire Hathaway has made a bet against longevity by reinsuring potentially $4 billion of future claims for two of health insurer Cigna Corps run-off  variable annuity business.  Berkshire is officially reinsuring the GMIB (Guaranteed Minimum Income Benefit) and GMDB (Guaranteed Minimum Death Benefit).  The risk becomes if clients mortality  Full Article…

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