Topic
Annuities
203 published works
The Business of Benefits
The Fiduciary Rule’s Foray Into Uncharted Territory
By Robert Toth
Generating over 19,000 written comments, the DOL’s proposed fiduciary rule changes clearly hit a “vein.” Though the proposed changes are complex and multi-tiered, there are two of them which are…
Massachusetts Estate Planning, Probate & Elder Law
The United States Supreme Court Still Has Not Decided Whether to Take up Our Massachusetts Cases on Annuities of Community Spouses
The petition for certiorari to the United States Supreme Court for the Dermody and Mondor cases has not been approved or denied at this point. Rather, after a September 25,…
Wills, Trusts & Estates Prof Blog
A Retirement Tax Break That Ends the Fear of Outliving Your 401(k)
Starting this year, Americans can use $200,000 of their retirement accounts to purchase qualified longevity annuity contracts, also known as QLACs. Congress has set a new limit of $145,000 or…
Canadian Lawyer Mag
Brookfield expands further into annuities business with $5.7-billion buy of Iowa-based firm
OMERS' $1.01 billion acquisition of Dutch energy infrastructure firm also in deals roundup
Wills, Trusts & Estates Prof Blog
The Perfect Retirement Investment Nobody Wants
More than 20 years ago, Mark Warhawsky, an economist and current senior fellow at American Enterprise Institute, proposed a hybrid product combining long-term care insurance with an annuity, which would…
The Business of Benefits
“Engineering” the Use of Individual Annuities In DC Lifetime Income Programs
By Robert Toth
Most of the commonly available individual annuities sold to consumers are not suitable for the purchase by plans as part of their DC Lifetime Income program without changes being made…
The Business of Benefits
Resetting the Mindset: DC Lifetime Income “Decumulation Accumulation” and their Risk-Related Restrictions
By Robert Toth
Actuaries and mathematicians will tell us that the "actuarial cost" of any annuity you may purchase is effectively the same, no matter what sort of annuity you purchase. After all,…
Florida Bankruptcy Attorney Blog
Exemption of Annuities in Florida
By Anonymous
Florida law provides a certain exemption for annuities. Florida Statute section 222.14 provides that "the proceeds of annuity contracts issued to citizens or residents of the state, upon whatever form, shall not…
The Business of Benefits
The Mathematics of the GLWB
By Robert Toth
The provision of the “Guaranteed Lifetime Withdrawal Benefit” (or GLWB) is a key element of most of the current market efforts to provide guaranteed lifetime income programs from defined contribution…
Wills, Trusts & Estates Prof Blog
Federal agency asks 100-year-old Florida woman to prove she’s alive after checks stop.
For over 20 years, Betty Ashley has received payments from the annuity of her late husband who served as a U.S. Postmaster. Without warning, the payments stopped.When Ashley, who will…