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The Insured Retirement Institute's mission is to provide financial advisors and other interested parties with information and resources to assist in a better understanding of annuities and the role of these products in financial retirement planning. One very important resource are the articles in the financial and consumer press.
Recommended by 47 people Study Shows Annuity Industry Poised for Growth
Two major changes are taking place in the annuity industry today. According to a new report released by Cogent Research and the Insured Retirement Institute (IRI), conversations with advisors have become more emotional and are heavily geared toward securing retirement income as opposed to accumulating assets. In fact, nearly two-thirds (65%) of advisors currently selling annuities indicate that guaranteed income options are expected to increase in importance over the next five years – more so than any other factor.
Recommended by 46 people Industry Wide Annuity Sales Climb From 2010 Levels
The Insured Retirement Institute (IRI) today announced preliminary third quarter results for the United States annuity industry. Annuity sales for the third quarter continue to increase, outpacing levels from the same time period last year. Third quarter industry wide sales were $57 billion, up 5 percent from third quarter 2010 sales of $54.8 billion. Compared to second quarter sales of $60.3 billion, third quarter sales were down 6 percent.
Recommended by 49 people Boomer Bust Boom
Annuity sales in 2010 crossed the $200 billion mark and 2011 sales continue to climb in double-digit leaps. This is a good time to be an annuity seller and, with the dramatic stock market fluctuations of late, it’s a good time to be an annuity buyer.
Recommended by 31 people Why is the Social Security Hike Seen as Bad News?
Social Security payments will increase by 3.6 percent next year, the government announced last week. This is the first cost of living adjustment (COLA) for the program in three years. It will boost a typical retiree's payments by roughly $500 during 2012. Given price increases and tough economic times for many seniors, you'd think the extra money would be welcome.
Recommended by 31 people Social Security Goes Up, but So Do Medicare Premiums
The good news: Social Security recipients are getting their first cost-of-living raise, 3.6 percent, since 2009. The bad news: Rising Medicare premiums will eat into that increase for many, and could erase it entirely for a small percentage.
Recommended by 64 people Majority of Retirees Will Not See Full COLA
The Bureau of Labor and Statistics (BLS) today announced that Social Security recipients will receive a Cost of Living Adjustment (COLA) of 3.6 percent for 2012. However, after two years of not receiving a COLA in their Social Security checks, a vast majority of retirees will not see the full 3.6 percent increase in their 2012 checks. This is due to the expected increase in Medicare Part B premiums which are deducted from recipients’ Social Security payments. This will affect the approximately 75 percent of Social Security recipients who were exempted from Part B premium increases in 2010 and 2011 when there was no COLA.
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