NEW YORK, Dec 15- MetLife Inc expects higher U.S. interest rates to add $300 million to operating profits through 2019, the insurer said in a filing on Thursday. The New York- based company, which provides life insurance, annuities and employee benefits, detailed anticipated benefits from higher U.S. interest rates in an 8- K filing with the U.S. Securities and...
Dec 9- Shares of Athene Holding Ltd jumped as much as 9.2 percent in their debut on Friday, valuing the fixed annuity service provider at about $8.25 billion in the year's largest financial IPO. Bermuda- based Athene, which is backed by private equity firm Apollo Global Management LLC, said on Thursday that 27 million class A shares had been priced at $40 each.
Dec 8- Fixed annuity service provider Athene Holding Ltd said its initial public offering of 27 million class A shares raised $1.1 billion after the offering was priced in the mid-point of its expected range, valuing the company at about $7.41 billion. The company had expected the IPO to be priced at between $38 and $42 per share. The company will make its market...
Many financial advisors agree you have to be careful with so-called annuity illustrations that seem too good to be true.
Retirees' search for safe income is leading to some new and risky products. Get ready to do your homework and ask questions.
The days of company pensions are long gone for most workers; that is why investing in an annuity can be an appealing strategy for retirees.
Aug 26- A U.S. judge has ruled against investors who accused Paris- based AXA SA of charging excessive fees on variable annuity products, in one of the rare such cases to go to trial. District Judge Peter Sheridan in Trenton, New Jersey, said late Thursday that the investors did not show that AXA breached its fiduciary duties by keeping most fees charged for mutual...
CHICAGO, Aug 11- Next week marks the 10th anniversary of a landmark federal law with a hopeful name- the Pension Protection Act of 2006. Sponsors of traditional pension plans have been dropping them like hot potatoes- many do not want to carry pension obligations on their books, and some complain about the rising cost of insuring plans through the Pension Benefit...
Hundreds of clients trusted one woman running an annuity investment business, but she was running a scam, reports CNBC's Andrea Day.
CNBC's Sharon Epperson talks about annuities and how it will help with your retirement saving.
With the median account balance under $19,000, 401(k) plans are failing as a safety net. Here's what happened.
For years, Americans found a lot to dislike about annuities, calling them complicated and expensive. Though some experts say not that much has changed about the insurance product, fundamental changes in the average American's financial outlook have given new life to annuities.
After suspending further contributions, Prudential Annuities will likely be paying out far less than policyholders had expected.
With more people worried about the finances of retirement, the concept of a guaranteed income stream for life is gaining in popularity.
The government wants to make it easier for workers to convert part of their 401(k) savings into an annuity that would pay guaranteed income checks for life — no matter the ups and downs in the markets.
Some people who are unprepared for retirement respond with a strategy known as “Hurry-Up Offense” retirement. This entails scrambling like mad at the 11th hour to find something to live on. It’s less than ideal, but sometimes a well-planned nest egg simply doesn’t exist.
Ameriprise Financial examined where consumers are most confident about retirement. Many expressed a nagging sense that they hadn’t saved enough money to keep them afloat. They’re right to worry, but they still have time for corrections.
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.
The big events of our lives often carry big price tags, and even though they're usually highly anticipated, it's difficult to be fully prepared — emotionally and financially. Here's some tips.Handling life changes takes prudence and planning along with perseverance.
After seeing old age or illness deplete their parents life savings, more baby boomer are signing up for long-term care coverage.