Annuity costs outweigh IRA benefits in retirement plans
A comparison of annuities and IRAs shows higher costs in variable annuities and similar tax treatment when funded via IRAs. The article cites Morningstar and industry figures, noting 2 percent typical annuity expenses versus 1.11 percent for mutual funds. It discusses tax rules, limits, surrender charges, and adviser opinions on optimal fund allocation.
MENTIONED IN THIS ARTICLE
William Brennan
Kurt Cerulli
Wards
Pamela O’rourke
IRA Reporter
Joel Isaacson
Morningstar
IRS
Economists lift 1994 forecast on faster growth
Washington analysts in the Blue Chip survey expect the U.S. economy to grow 3.3 percent in 1994, faster than 1993’s 2.9 percent and the strongest pace since 1988, as top economists say they overestimated earlier.
Bullish Outlook Raises Growth Forecasts for 1995
Economists in the Blue Chip survey lift 1995 growth to 3.3 percent and project 1995 expansion of 2.8 percent. They cite strong Q4 results with real GDP up 5.9 percent annualized, aided by housing, auto sales, and business investment, though Fed rate moves may temper near-term gains. The consensus anticipates 3.1 percent growth for January-March.
MENTIONED IN THIS ARTICLE
Robert J. Eggert
United States
Federal Reserve
Wall Street
Eggert
Market Wrapup Preview In Saturday Journal World
Latest stock quotes are summarized in Saturday Journal-World with a market wrapup preview. Readers can expect quick benchmarks, key movers, and notable exchange activity ahead of weekend trading.
MENTIONED IN THIS ARTICLE
Journal-World
Midland and regional commodity and livestock quotations
Local markets report morning quotes for Midland Elevator Lawrence and other centers. Wheat at 3.57, corn 2.89, milo 4.77, soybeans 6.73. Omaha market shows hog bids around 49.50 to 50.50, sows 36.50 to 44.00. cattle and calves with limited activity. Kansas City and St Joseph regional feedlot sales indicate slow trade and mixed offerings for slaughter steers and heifers with week-to-date totals around 60,500 head. Prices reflect 8 a.m. quotes provided by Commerce Bank Kansas City.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha Livestock
Oman
Neb
USDA
Omaha
U.S
St. Josepn
Dooce City
Kansas
Sears store opens at 2108 W 27th with grand event
Sears Roebuck batteries and home goods outlet owned by Christine and Steve Ricketts opens in the former School Specialty site at 2108 West 27th, running a grand opening prize draw through February 26. The location replaces a closed Chicago-based downsized catalog unit. Appliance Plus now occupies the nearby former Sears space.
MENTIONED IN THIS ARTICLE
Sears Appliance
Christine and
Steve Ricketts
Sears
School Specialty Supply
Tower Plaza
Iowa Street
Appliance Plus
Iowa
Unemployment benefit claims fall by 47 000 in week
The Labor Department reported 366 000 initial claims for unemployment benefits in the week ending Feb 5, the largest drop in six months and the biggest weekly decline since July 1993. Economists anticipated a fall after a sharp rise, signaling ongoing volatility in the job market.
MENTIONED IN THIS ARTICLE
Labor Department
U.S
Ford Posts 1993 Turnaround Profit of 2.5 Billion
Ford Motor Co. reported a 2.5 billion dollar net earning for 1993, marking its strongest performance since 1989 and translating to 4.55 dollars per share. The better results underscore a broader U.S. auto industry recovery as the report was released on Wednesday.
MENTIONED IN THIS ARTICLE
Ford Motor Co
U.S
Spectrum Sculley Sued Over Resignation Breach
Spectrum Information Technologies Inc files a 300 million breach of contract suit in Bridgeport federal court against former chairman and CEO John Sculley. The 14 page complaint alleges he resigned after learning of an SEC probe into the telecoms firm, the probe cited as main reason for his departure.
MENTIONED IN THIS ARTICLE
Spectrum Information Technologies Inc
John Sculley
Bridgeport
Kansan Exporter Study Seeks Local Business Input
Kansas International launches a survey to map local exporters and identify foreign contacts. Funded by a 2500 Southwestern Bell Foundation grant, the effort aims to produce a handbook for firms selling goods abroad. Caplan’s firm will conduct calls from Friday, targeting KI and Chamber members.
MENTIONED IN THIS ARTICLE
Kansas International
Julie Love
Southwestern Bell Foundation
Lawrence Consult
Ing
Rich Caplan
Caplan
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Blue Chip Economic Indicators
Sedona, Ariz
WY Jones
Prev. Close Abp
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AlliedSig Applebee’s
Buckle Inc
Hercules
Kmart
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Merck
Natl
Ayseen
Sesees
O'Reilly Auto Senses
JC Penney
Pepsico
Quaker
H Sallie Mae
Santa Fe
Seafield
Sealright
Sears Peevecene
Sthwest Bell
TRW Vrcenetney
Trinova
UtiliCorp
Wal-Mart
Western Res
Williams Weseees
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Edward D. Jones & Co
St. Joseph Livestock
Dodge City Livestock
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
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Ford
Spectrum
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PTCY
ER Law
Jerry Y Harper
Complete Computer Solutions
Connecting Point Computer Center
William Allen White Foundation
Bernard Shaw
CNN
Woodruff Auditorium
Kansas Union
The
William Alen White Foundation
William Allen White School of Journalism and Mass Communications
City of la Cygne
Kansas Gas and Electric Company
AAA
S&p
Ana
Moody’s
MBIA
Jeff Weeast
Harley Catlin
Kentucky
New York Stock Exchange, Inc. and
Securities Investor Protection Corporation
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