Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.
Total annuity sales rose 27% to $79.6 billion in Q3, Limra reported, while fixed-rate deferred annuity sales came in 159% higher than in the same quarter last year.
Americans age 18 and older anticipate they'll need $1.25 million to retire comfortably, a 20% spike since 2021.
Endowments at private foundations saw double-digit growth in both 2020 and 2021, rising $1.7 billion last year.
Eric Weigel suggests figuring out what type of life you want to lead and then working backward to the steps you need to take to close the gap between where you are today and where you want to be in the future.
A new Bankrate.com survey shows more than a third say they're 'significantly behind,' while 20% feel 'slightly behind.'
Only 22% of those surveyed are confident in their ability to generate a retirement income strategy if left to their own devices, with the majority worried they'll run out of money in retirement.
Almost half of high-net-worth individuals are so worried about retirement security that they avoid thinking about it all together.
The firm reported net revenue of $11.98 billion and net earnings of $3.07 billion for the third quarter amid discussion of the bank's reorganization.
Here are a few celebrities who announced their retirements, then subsequently announced they were reversing that decision.
