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February 28, 2013
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Financial and wealth management news for the retirement community

  Top News 
  • Deferred-income annuities are starting to catch on
    New York Life's deferred-income annuity product has exceeded $1 billion in sales, which points to their growing appeal, possibly because of larger annual payouts than immediate annuities. "They want a pension," Matt Grove of New York Life says about the product's buyers. Deferred-income annuities still represent a fraction of all annuity sales, but more insurance companies are offering them. MarketWatch/Encore blog (2/26) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • Survey: Most Americans want pension access
    A majority of Americans worry about retirement and would prefer a transportable, defined-benefits pension system, according to a National Institute on Retirement Security survey. More than 80% of respondents said pension access should be available to all Americans, and 87% said policymakers fail to understand the problems of saving for retirement. Financial Advisor online (2/27) LinkedInFacebookTwitterEmail this Story
  • Commentary: Boomers are more secure than generally thought
    Despite the general impression that baby boomers near retirement are headed for more work or the poorhouse, some studies indicate that this age group is no more vulnerable than any other -- particularly when considering all sources of potential income, including real estate, IRAs and business assets. It's not a universal, however, as people in certain demographic segments, such as high-school dropouts, single mothers and African-Americans, are more likely to have to rely on Social Security as their retirement income. Bloomberg Businessweek (2/24) LinkedInFacebookTwitterEmail this Story
  • Treasury nominee Lew is confirmed
    The Senate voted 71-26 to confirm President Barack Obama's appointment of Jack Lew as Treasury secretary, replacing Timothy Geithner. Lew is a former director of the Office of Management and Budget and served as Obama's chief of staff. The Washington Post (2/27) LinkedInFacebookTwitterEmail this Story
  Financial Literacy 
  • Late-in-life divorce can be expensive for retirees
    More baby boomers are divorcing, and the decision to split can leave one or both spouses scrambling for a secure retirement, experts say. Experts suggest older couples who divorce should hire financial advisers before dividing assets, avoid supporting adult children, and either reduce spending or work longer to make up for lost money. USA Today (2/26) LinkedInFacebookTwitterEmail this Story
  • Other News
  On the Economy 
  Building Your Practice 
  • Tips for working with busy business owners
    Business owners can be challenging as clients, with little time to meet with a financial adviser and little extra income to pay for planning, planner Gordon Bernhardt says. Bernhardt says he starts on a fee basis, but eventually works with clients to develop a plan by which they can pass their mature business along to family members and pursue other priorities in retirement. (2/26) LinkedInFacebookTwitterEmail this Story
The first human who hurled an insult instead of a stone was the founder of civilization."
--Sigmund Freud,
Austrian physician and founder of psychoanalysis

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