ING Groep NV will close its registered indexed annuity to new sales Oct. 31 after a little more than a year.
The government is hoping that its upcoming support for lifetime-income solutions such as annuities will encourage companies to add these options to their retirement plans for employees, but some worry that Uncle Sam isn't giving a big-enough push
The failure of the deficit reduction supercommittee last week all but guarantees that the gridlock over tax reform, including the Bush-era tax cuts, will continue beyond next year's presidential election
President Barack Obama today signed into law a bill that would kill a withholding tax on government contractors even before it was levied for the first time.
Like baseball fans whose team came up short, those hoping for an overhaul of the tax code by the congressional deficit-cutting supercommittee likely will have to wait until next year
Republican lawmakers coming over to the idea that Uncle Sam must raise more revenue to make real impact on deficit; Grover Norquist not thrilled
Carriers that have been stalwarts in the variable annuity industry are trying their hand at manufacturing and selling fixed indexed annuities.
State regulators continue to investigate claims that life insurance carriers may be failing to pay out death benefits or submit the money to the state in a timely fashion. Not surprisingly, this has attracted the attention of tort lawyers.
Critics say it's smart for carriers to deny life insurance claims for allegedly spurious reasons. Why? Because they make money off the float.
Financial advisers are calling on insurers to enhance their suite of variable annuities, saying that clients are turned off by falling accrual rates on living benefits and insufficient investment choices
U.S. Senate Democrats are proposing to use a 3.25 percent surtax on income over $1 million to pay for extending and expanding a payroll tax cut, setting up a test vote as early as this week.
The percentage of Americans who changed residences reached its lowest point last year in more than six decades, according to the Census Bureau
The Occupy Wall Street protest movement, which has filled streets and parks in New York, Los Angeles, Hong Kong and other cities for weeks, may soon show up in the halls of power, too
A fervent outcry from a wide range of financial industry groups and bipartisan lawmakers helped persuade the Labor Department to withdraw a proposed rule that would expand the definition of fiduciary for advisers to retirement plans.
New York is where the 1% live, and they have the tax returns to prove it.
Love it or hate it, New York elicits strong opinions from just about everyone.
St. Louis might be brushed off as flyover country by some coast-to-coast travelers, but it has become the final destination for many financial advisers.
Despite is reputation for gray skies, Seattle has weathered the nation's economic storm better than most of the U.S. That fact, combined with the area's recreational opportunities and quality of life, makes some financial advisers who live and work there pretty satisfied.
The detailed tax plans from Republican presidential candidates would provide tax cuts for the highest earners, with those from Rick Perry and Jon Huntsman offering the biggest benefits
