Total U.S. annuity sales hit a record-high $312.8 billion in 2022, and bank sales were the big driver in the fourth quarter.
More than 40% of women believe the US is currently in a financial crisis, with another 24% believing that it is nearing one, according to a Nationwide survey.
Thirty-four percent of Americans surveyed fear their tax refund won’t make as big of an impact as a result of rising costs, while 33% worry the refund will be smaller than they expect.
There were 562 buy-out contracts last year, 34% higher than the number of sold in 2021 and breaking the previous record set in 2019.
Despite fairly aggressive spending plans, the majority of Americans are not feeling too confident about their retirement resources going forward.
What estate planners need to accomplish for their clients before Tax Day, as well as the regulatory changes they need to be aware of while preparing for the big day.
TIAA announced the hiring of Shamila Rajaratnam from the Vanguard Group and Jim Mullery from Prudential to round out its retirement solutions leadership team.
Average retirement account balances increased at the end of the fourth quarter from third-quarter levels.
Now that I bond mania has eased along with the rate of inflation, last year’s investors need to decide if they want to continue with their I bond commitment, increase it or look elsewhere for yield.
Fidelity Charitable distributed $11.2 billion in donor-recommended grants last year, nearly $1 billion, or 9%, more than in 2021.
