The FIDx Five: Rates and Annuities
Retirement, Annuity, & Fintech Insights
Interest rates and annuities. They go together like a horse and carriage. But looking too closely at current rates could be a mistake. Find out more about that and the four other news items that we liked most this week in the latest edition of "The FIDx Five."
Too Much of a Focus on Rates?
Often the relationship between annuities and interest rates can be miscalculated. And that can lead to less-than-optimum decisions.
Source: Forbes, “What You Need to Know About Annuities and Interest Rates,” 1/19/23
Fixed vs Variable: The Winner Is?
A recent analysis by the National Bureau of Economic Research looked at retirees’ purchases of fixed and variable annuities. Its findings: variable deferred annuities with some equity exposure work for many.
Source: ThinkAdvisor, “Who Benefits Most From Annuity Purchases?” 1/18/23
An Alternative for That Fixed-Income Portfolio
Fixed income isn’t working the way it should lately. But there are alternatives to help investors remain diversified.
Source: TheStreet, “Invested Too Heavily in Stocks? Move Money to Safe Options,” 1/18/23
Breaking Down Just How Much
Starting at what age and at what percent do investors have to save to be able to retire at 59? See what’ll it take to retire by generation and income level.
Source: CNBC, “Gen Z workers want to retire before 60—here’s how much they need to save each month to get to $2 million,” 1/18/23
New FINRA Report Released
FINRA put out info this week on a new exam and risk monitoring program that reflects evolving risks, industry trends, and noteworthy findings. Here are the key takeaways from FINRA.
Source: 401k Specialist, “FINRA Report Highlights 4 Key 2023 Exam Priorities,” 1/16/23
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