Latest news with #annuities
Yahoo
19 hours ago
- Business
- Yahoo
Saybrus Partners links with SterlingBridge Insurance Agency
Saybrus Partners, an affiliate of AmeriLife, has partnered with SterlingBridge Insurance Agency to expand its reach and distribution capabilities in the US. The collaboration combines Saybrus Partners' wholesaling and sales support model, with SterlingBridge's expertise in back-office operations and distribution networks that serve both institutional and independent channels. The terms of the agreement have not been disclosed. SterlingBridge CEO and owner Brian Carroll said: 'The opportunity to collaborate with Saybrus Partners and AmeriLife represents a significant step forward for SterlingBridge Insurance Agency. 'We are excited about the growth potential and the strategic opportunities this partnership will bring.' The partnership is expected to contribute to the growth and diversification of the AmeriLife Wealth Group. Saybrus Partners, affiliated with AmeriLife, provides life insurance and annuity solutions, including protection, retirement, estate, and business planning. AmeriLife itself is a developer and distributor of life and health insurance, annuities, and retirement planning solutions in the US. Saybrus Partners managing principal Ed Cassidy stated: 'We are thrilled to welcome SterlingBridge Insurance Agency to the Saybrus Partners family. This partnership aligns with our commitment to institutional and independent insurance distribution and underscores our dedication to growth and excellence.' SterlingBridge, known for its digital brokerage general agency services, has a 35-year history in the life and health insurance industry. The company targets institutional clients, business-to-business markets, and direct-to-consumer segments. "Saybrus Partners links with SterlingBridge Insurance Agency " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
CBS News
2 days ago
- Business
- CBS News
What is the age 75 rule for annuities (and why does it matter)?
Planning for retirement today is a lot more complicated than it once was. With the average lifespan a lot longer, and with sticky inflation eating into people's savings at a time when markets remain unpredictable, figuring out how to make your money last after you stop working is no small feat. That's why many retirees are now turning to annuities, which are financial products designed to provide a steady stream of income no matter how long you live, to fill in the gaps. Annuities can play a key role in retirement planning by offering guaranteed payments that supplement Social Security benefits and other income sources. But deciding when to buy an annuity — and how (or whether) it fits into your overall plan — isn't always a straightforward process. Part of the issue is that there's a lot of advice circulating about retirement preparation, and that includes the so-called "age 75 rule," which offers guidance on when to purchase an annuity to maximize payouts. But what exactly is this rule, and is it grounded in financial wisdom, or is it just another retirement planning myth? Here's what the age of 75 rule really means — and what you should know about it. . What is the age 75 rule for annuities? The "age 75 rule" isn't a formal regulation or even a financial industry standard. Rather, it's a commonly shared belief that annuity buyers should wait until age 75 to purchase, since payouts are typically higher at that age. Here's why people think this way: Annuity payouts are tied to life expectancy. Insurance companies calculate how much income you'll receive based on your age and projected lifespan. Someone buying an annuity at 75 is likely to receive larger monthly payments than someone who buys at 65, simply because the insurer expects to make payments over a shorter period. Bigger payments seem more appealing. On paper, waiting until you're older to buy an annuity can seem like the smarter move. After all, why would you not want to lock in those higher numbers later? But while there's truth in the idea that annuity payouts increase with age, that's not the full picture. Find out how high your monthly annuity payments could be today. Why waiting until 75 might not be the best move The "age 75 rule" oversimplifies how annuities work and doesn't account for other important factors in retirement planning. Here's what to keep in mind before adhering to this rule: You may need income earlier. Many retirees use annuities as a way to secure predictable income to cover essential expenses like housing, healthcare and groceries. If you wait until 75 to buy one, you might spend years drawing down other assets, which could expose you to market risk or force you to sell investments during downturns. Buying earlier, on the other hand, could provide peace of mind and protect against outliving your savings. Longevity risk matters. While a 75-year-old gets higher monthly payments from an annuity, they also have fewer years left to collect those payments. If you purchase earlier, you lock in guaranteed income for life, no matter how long you live. That can be especially valuable if you end up living well into your 90s or beyond. Your health and insurability could change. Waiting too long could also mean missing your window to buy certain types of annuities. While some annuities don't require medical underwriting, others do. So, buying one after you have a significant health issue in your 70s could limit your options or make certain products more expensive. When is the right time to buy an annuity? The truth is, there's no particular annuity purchasing age that works for everyone. The best time to purchase an annuity depends on your unique circumstances, including: Your retirement goals: Are you looking for income now, or do you want to cover expenses later in life? Determining when you need access to the monthly payments will help you decide the right time to buy. Your other income sources: Any Social Security benefits, pensions and investment income you have may also influence how much additional guaranteed income you need. Your risk tolerance: If market volatility keeps you up at night, locking in an income stream earlier may be worth it. But if you can tolerate the fluctuations, it could pay off to wait. Your health and longevity expectations: If your family tends to live into their 90s, buying an annuity sooner rather than later could provide more lifetime value. The bottom line The so-called age 75 rule for annuities is more myth than hard-and-fast advice. While it's true that older annuity buyers often get higher monthly payments, waiting to purchase one isn't always the optimal choice. For many retirees, purchasing earlier can provide valuable peace of mind and ensure income when it's needed most. So, instead of focusing on an arbitrary age, consider your overall retirement plan, income needs and health when deciding if and when an annuity makes sense for you.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Blackstone, Legal & General Sign Up to $20 Billion Private-Credit Partnership
Private-markets company Blackstone and the U.K.'s Legal & General LGEN 0.84%increase; green up pointing triangle have agreed on a private-credit partnership that could be worth up to $20 billion. Under the deal, the annuities business of the British insurer and pension provider will get access to mostly U.S. investment-grade assets via Blackstone's lending platform for private markets. L&G will invest up to 10% of the division's new business flows into it, they said Thursday.
Yahoo
08-07-2025
- Business
- Yahoo
New Report by RGA, SOA Reveals Japan's Retirement Readiness Challenges
Reinsurance Group of America Incorporated (NYSE:RGA) is one of the most undervalued large cap stocks to buy according to analysts. On June 10, a new report titled 'Retirement Readiness in Japan: Financial Security and Risk Perceptions' was released by the Society of Actuaries/SOA Research Institute in collaboration with the Reinsurance Group of America. The report is based on a November 2024 survey of 750 Japanese respondents and shows challenges in a rapidly aging society where ~29% of the population is aged 65 or older. Key findings show limited financial literacy, with 17% reporting no knowledge of investment products and 42% having limited knowledge. There's a visible gap in planning, as 37% of Prime Age Workers and 45% of Pre-Retirees haven't done any retirement planning. An individual signing the dotted line for a life insurance policy. Concerns about external factors like tax increases and the impact of an aging society dominate for 90% of respondents. Many anticipate relying on full- or part-time work for retirement income and lack confidence in their savings. Still, there's growing interest in guaranteed or fixed-income products and annuities. Engagement in retirement planning has improved since 2018, with the willingness to buy lifetime income products increasing from 22% to 35% by 2024, and active management of savings rising from 21% to 50%. Reinsurance Group of America Incorporated (NYSE:RGA) provides reinsurance and financial solutions. While we acknowledge the potential of RGA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Associated Press
04-07-2025
- Business
- Associated Press
Fraser Allport Educates Retirees on Key Differences Between Annuities, 401(k)s, and IRAs
Fraser advises clients to take full advantage of pre-tax plans, especially those offering employer matches. ' All Knowledge comes from Experience. '— Albert Einstein DAYTONA BEACH SHORES, FL, UNITED STATES, July 4, 2025 / / -- Fraser Allport, a retirement and estate planning with over 43 years of independent experience, is committed to helping retirees and pre-retirees make informed decisions. In a continued effort to educate the public, Fraser highlights the core differences between annuities, 401(k)s, and IRAs—three powerful tools that can shape a comprehensive retirement strategy. 'With so many options available, it's critical for retirees to understand the features, benefits, and limitations of each vehicle,' says Allport. 'Retirement isn't one-size-fits-all. Every decision must be customized to the individual.' Annuities: Guaranteed Income for Life Annuities offer retirees the stability of a predictable and lifetime income stream. Fraser explains that annuities can be especially valuable for clients without a pension or for those concerned about outliving their savings. With tax-deferred growth and lifetime withdrawal benefits, annuities serve as a dependable foundation for covering essential expenses. 401(k)s: Employer-Sponsored Growth Fraser advises clients to take full advantage of pre-tax plans, especially those offering employer matches. These pre-tax or Roth contributions grow tax-deferred and can form a major part of retirement income. Required minimum distributions at age 73 and tax implications must be planned carefully. IRAs: Flexible Retirement Savings IRAs offer greater control for those without workplace retirement options. Whether traditional, Roth, or SEP, Fraser helps clients align their contributions with their tax planning strategy. With no RMDs for Roth IRAs and tax-deferred growth across all types, IRAs allow for powerful, flexible savings. Diversification is Key Fraser emphasizes the importance of diversification. 'Your retirement income strategy should include annuities for guaranteed income, 401(k)s and IRAs for growth, and other investments like bonds and Cash for flexibility,' he says. Through one-on-one consultations, Fraser empowers his clients to retire with confidence and clarity. As an Accredited Investment Fiduciary ®, Certified Estate Planner™, and National Social Security Advisor®, Fraser takes a holistic approach, ensuring that every financial decision fits within a broader life and legacy plan. About the Author Fraser Allport is the Owner of The Total Advisor, LLC, based in Daytona Beach, FL. Fraser is also an Accredited Investment Fiduciary®, Certified Estate Planner™, and National Social Security Advisor®, with 43 years of experience. He provides Retirement, Estate, Medicare, Social Security and Tax Planning services throughout Florida, and across the U.S. Fraser offers in-person, phone, or Zoom consultations, as well as pro-bono on-site educational workshops for schools, corporations, and community organizations. Fraser empowers his clients to retire with confidence. Please see : FRASER ALLPORT The Total Advisor, LLC +1 386-882-6256 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
