Earlier this week, The Tennessee Valley Authority (TVA) announced that they want to cut some of the 2,400 jobs in the fossil plant division.  The TVA is a corporation owned by the U.S. government, and provides electricity to over 9 million people.  The TVA will be visiting and talking about retirement options and incentives to [...]

Sentinel’s newly created Summit Bonus Index Annuity has become available on NC shelves.  This highly competitive income annuity will provide your client’s the following features:     Summit Bonus Index Annuity 10 year Annuity Industry-Leading Income Rider Competitive Caps Maximum Premium Bonus – Up to 9% Issues Ages 0-80 7% Compounding Income Roll-Up for 20 Years [...]

Earlier this week, the state of New Mexico announced that legislation is creating an independent state office that would oversee the insurance industry.  The bill, HB 45, was already approved by the House, and cleared for the Senate.  What does this mean for retirement specialists in the state of New Mexico?  It’s possible new rules [...]

Annuity Think Tank, an independent educational group focused on annuities and retirement income, has reached a huge feat by posting its 3,000th blog relating to retirement income this month!   As we all know, there will never be a single one-size-fits-all retirement planning tool that is a perfect fit for everyone. Each individual has unique [...]

Earlier this month, insurance giant Genworth Financial announced they have plans to sell their Wealth Management business.  Aquiline Capital Partners and Genstar Capital have partnered up to be the sole purchaser of Genworth’s Wealth Management business for $412.5 million.  The motivation behind the sell for Genworth is to increase financial flexibility.  This could mean we [...]

Earlier this month, American Family Life Insurance Company agreed to transfer the remaining variable universal life insurance and variable annuities to Kansas City Life.  The transfer comes as no surprise as with the low interest rate environment, and market volatility, many companies seem to be struggling.  American Family Life has actually been out of the [...]

Financial giant AXA Financial announced earlier this week that they will be selling a closed book of annuity and life policies from their MONY Life Insurance Company to Protective Life Corporation for $1.06 Billion.  Most of the business was underwritten before 2004, and Protective has already indicated that they will retain all positions associated with [...]

Financial giant Prudential made an announcement earlier this week that they are selling off a small part of their business, the wealth management services unit.  Financial services firm Envestnet will be the purchaser of the wealth management business for amounts close to $33 million.  The main reason for Envestnet’s interest in the wealth management business [...]

National Retirement Planning Week kicks off tomorrow, April 8th, and will run through Friday, April 12th.  This national campaign is led by Insured Retirement Institute (IRI) and the National Retirement Planning Coalition.  The goal of this week long campaign is to bring awareness to Americans on risks of retirement planning and to educate on retirement [...]

They say that bankruptcy is when you go from a credit rating to a credit rotting. So it is with the city of Stockton in California which is headed to bankruptcy court. I recently helped an advisor in Santa Monica with a portfolio of Municipal Bonds that included several California General Obligation Bonds. She had [...]