Growth and risks of annuities in the financial market
An increasing number of insurers brokers and banks sell annuities, tax advantaged retirement contracts with tax deferred growth. Fixed options remain dominant while variable annuities grow, now about 44 percent of sales, 30 billion last year. Risks include lack of federal insurance and potential penalties for early withdrawal.
MENTIONED IN THIS ARTICLE
Howard Goldstein
Connecticut Mutual Life Insurance
Miami Association of Life Underwriters
Ities
Cerulli Associates
Boston
Pudder Tribune
Four basics guide financial and estate planning
The article outlines four core concepts for financial planning: maximize savings, maximize returns, minimize taxes, and minimize risk. It emphasizes paying yourself first, combating inflation, using tax shelters, and transferring risk via institutions. It also notes the broad scope of planning and advises consulting a qualified professional like Gary C. Smith.
Saving for retirement how much income needed study finds
A Georgia State University study asks what pre retirement income is needed post retirement to maintain living standards. It estimates high earners save more and may live on a smaller share, while those earning 15000 or less require about 90 percent of pre retirement pay.
MENTIONED IN THIS ARTICLE
Georgia State University
Interest ratesCLI Friday August 4 1995 week close
Market summary notes week end on August 4 1995 with focus on rate movements and week’s closing levels. Analysts reference year over year trends and fluctuations across Treasuries and prime rates.
MENTIONED IN THIS ARTICLE
Seneaansiee
Citibank
Chemical Bank
First Federal S&l
Bank of Chittenanga
Solvay Bank
Lemen Fes Pala
Tari Chase Manhattan Bankk
Oneida Savings Bank
Onbank
Tom —Loweshan
Geddes Federal Savings
Geddes Federal S&l
Solar Bank
Seneca Federal S&l
Albank
Fulton Savings
Chase Manhattan Bank
Onbari Savings
Cicero Bank
Fulton
Pinanoia
Also Mentioned on This Page
Bankaere Call Annuitiac Agw VY
Ceaeealvuea DL
Docuel Cei Leluavelho
Don Finefrock
Knight-Ridder Newspapers
Source
Gerulli Associates
Gary C. Smith
CSA
MassMutual
Syracuse Association of Life Underwriters
Gary
Bruce A. Palmer
The
Center For Risk
Management and Insurance Rese CM
Ad Seoult
Udit
Treasury
Dow Jones
Wilshire
Vey Market
Commodities Research Bureau Index
Associated Press Commodities Index
Consumer
Wemne
Jaguar
Bill Rapp
Burnet Avenue
Syracuse
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