Public trustee bemoans break with historic self-financed structure
Clients claimed rep told them to put their IRA into life settlements
A small but growing number of wealthy Americans have figured out a fool-proof way to avoid paying more of their income to the IRS in coming years. Their trick? Leaving the country.
A CBO report has found that the before-tax income of top earners fell by 36.3% between 2007 to 2009 while their tax rate rose
Genworth Financial Inc. cut Chairman and Chief Executive Officer Michael Fraizer's annual bonus to a third of his target as the life insurer and mortgage guarantor failed to meet its goals.
Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.
Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.
Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.
Thirst for immediate gratification can take six-figure toll in retirement
Homeowners in high-tax states likely to be snared by $17K cap; 'another layer of complexity'
Think tank projects tax hike of $3,500 per household
