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Did You Know?
- That in 2008, the total average expense difference between variable annuities and mutual funds was 1.18%
- That, as of the fourth quarter 2008, the combined net assets of U.S. variable annuities were valued at $1.2 trillion?
- In 2008 fixed annuity assets valued at 556 billion a 9% increase from 2007?
- In 2009, the contribution limits range from $5,000-$6,000 for an IRA, $16,500-$22,000 for a 401k and $200,000 plus for a non-qualified annuity?
- That the average number of funds per variable annuity contract was 51, in 2008 with an average contract value of $49,200?
Advisors
High-Level Professional Resources
Being a professional who renders retirement advice, financial planning, and retirement services to individuals is a challenge. Look to the Insured Retirement Institute's searchable sources to support the cultivation of a sufficiently knowledgeable sales force—who can explain annuities clearly, accurately, and understandably to the investor.
Recommended by 10 people Variable Annuity Affordability on the Rise, Costs Decline
The Insured Retirement Institute (IRI) today released a report on sales flow data within the U.S. variable annuity market for the second quarter. Compiled by Advanced Sales & Marketing Corporation, the report found that the cost of variable annuities has come down, with the average fee on a VA chassis dropping four basis points in the second quarter. Every share class showed a reduction except for A-shares. The current average cost of a B-share, the most commonly sold, is 1.24%.
Recommended by 15 people AARP/IRI Join Forces to Educate Financial Advisors
IRI and AARP are joining forces to offer two complimentary webinars on how to communicate during the financial planning process with 50+ consumer-investors.
Recommended by 18 people Total Second Quarter Annuity Sales Post Record Highs
The Insured Retirement Institute (IRI) today announced second quarter results for the U.S. annuity industry. Annuity sales in the second quarter resulted in the strengthening of several key annuity industry indicators. Variable annuity sales posted record highs, with year-to-year sales advancing at the greatest pace since 2007. Estimated sales of both indexed and income annuities were the strongest since the Beacon study began in 2003, demonstrating the increased demand for these products.
Recommended by 12 people Retirement Realities for Women
It's a known fact: Women spend less time in the workforce, but they live longer than men. This means they often enter retirement with fewer assets than men, but they need to make that money last a longer period of time.
Recommended by 19 people Variable Annuity Mini-Boom Coming
Time and again I am amazed at the lack of attention advisors give to the issue of portfolio drawdown. I am talking about measures that retirement planners should be enacting to avoid the large, unexpected drops in portfolio values.
Recommended by 38 people IRI Report: Boomers Face Imminent Need for Lifetime Income
An exclusive Insured Retirement Institute (IRI) report released today found that unretired Boomer households that are more than five years out from retiring consider “living within a fixed income” to be their top retirement focus. And they want to receive their advisors’ advice face-to-face and not electronically, the report shows.
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