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Income Alternatives

Genworth Renames Its Reverse Mortgage Unit

November 23, 2008 - Liberty Reverse Mortgage will be renamed Genworth Financial Home Equity, completing the integration of one of the nation’s leading reverse mortgage companies into a leading insurer.

Many Near-Retirees Will Take Social Security at Age 62

November 2, 2008 - About 73% of those intending to draw benefits at age 62 had no formal retirement income plan.

Morningstar Launches Retirement Payout Funds

October 25, 2008 - The Morningstar Managed Portfolios Retirement Income Series portfolios aim to support annual cash flows of 4%, 5% and 6% of the client’s initial assets.

Jackson National Beefs Up Its Variable Annuity Options

October 12, 2008 - LifeGuard Freedom DB, available only with the LifeGuard Freedom GMWB income option, lets investors generate lifetime income and provide for their heirs.

Allianz Life Launches Bonus EIA With Bonus GLWB

October 12, 2008 - For each year during the accumulation period when no withdrawal is taken, the guaranteed income base rises by 12% of the original premium.

Bank of America Exec Addresses RIIA Annual Meeting

September 29, 2008 - The bank became more retirement-oriented when it hired Jeffrey Carney from Fidelity to be president of Retirement and Global Wealth and Investment Management.

Phoenix Enhances Living Benefit Riders

September 20, 2008 - The Phoenix Companies has enhanced its Phoenix Flexible Withdrawal Protector GMWB rider and launched a new combination benefit rider called the Phoenix Retirement Protector.

Canadians Fretful About Retirement

September 14, 2008 - Nearly 30% of Canadians nearing retirement are not confident they have saved enough to maintain their standard of living once they leave the workforce.

AGF Offers Canadians Principal-Protected, Income-Producing Notes With Upside Potential

September 7, 2008 - AGF Management Limited has launched retirement deposit notes that offer investors reliable, inflation-adjusted income with exposure to equities.

National Life Launches Interactive Retirement Website

September 7, 2008 - Experienceretirement.com helps visitors answer two questions: “Are you saving enough for retirement?” and “How long will your savings last?”

A New Personal Finance Book
from Moshe Milevsky

September 7, 2008 - In 'Are You a Stock or a Bond?', the finance professor and author explains how to 'Create Your Own Pension Plan for a Secure Financial Future.'

Fixed Annuity Sales Reach a Six-Year High—Beacon Research

August 26, 2008 - With an estimated $24.6 billion in premiums, U.S. sales of fixed annuities soared to their highest levels since 2003 in the second quarter of 2008.

Group Urges Emergency Increase To Social Security Benefits

July 27, 2008 - The emergency increase would help ease the burden of rising food and energy costs for retirees, says RetireSafe, a Virginia-based group.

Lincoln Financial and Morningstar Launch 401(k) Advice Option

July 12, 2008 - The new offering enhances Morningstar’s guidance, which is available to Lincoln Alliance and Lincoln SmartFuture retirement programs.

EISI Upgrades Retirement Planning Software

July 12, 2008 - The NaviPlan Standard upgrade is currently available, to be followed by the Profiles upgrades in July 2008.