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Top related persons:
Susan Neely - 1 Mark McCombe - 1 Carolyn McClanahan - 1 Todd Giesing - 1
Top related locs:
Jacksonville , Florida
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Fidelity - 1 Fidelity Investments - 1 BlackRock - 1 Street Global Advisors - 1 Planning Partners - 1

Search resuls for: "Todd Giesing"


2 mentions found


☆ Guaranteed lifetime income gains appeal amid worries a recession is coming
  + stars: | 2023-05-23 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +2 min
More retirement plans to offer annuity optionsThe passage of the Secure Act also made it easier for employers to offer annuities as one retirement savings plan option. Starting in the fall, Fidelity will let plan participants convert some of their retirement savings into an immediate income annuity to provide pension-like payments throughout retirement. BlackRock and State Street Global Advisors, two of the largest asset managers, also announced target-date funds with retirement income annuity options. Having an annuity option when you retire is a good thing. Annuity sales hit a record in 2023Annuity sales hit an all-time high in the first quarter of 2023, up roughly 50% from a year ago, according to Limra, an insurance industry trade group.
Persons: Susan Neely, Mark McCombe, Carolyn McClanahan, Todd Giesing Organizations: Fidelity, Fidelity Investments, BlackRock, Street Global Advisors, Planning Partners Locations: Jacksonville , Florida
☆ Annuity sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates
  + stars: | 2023-02-02 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +5 min
"This was a unique year," Todd Giesing, assistant vice president of Limra Annuity Research, said of the factors that combined to drive record annuity sales. Advisors often recommend some lesser-used annuity types when building financial plans: a single-premium immediate annuity or a deferred-income annuity. Payouts from immediate annuities start right away, while those from deferred-income annuities start later, perhaps in a retiree's 70s or 80s. Single-premium immediate annuities and deferred-income annuities are relatively simple to understand compared with other categories, advisors said. The buyer hands over a lump sum to the insurer, which then guarantees a certain monthly payment to the buyer starting now (an immediate annuity) or later (a deferred-income annuity).
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