Retirees Need A Financial Roadmap

July 7, 2008
BY ANN KOPLIN

With the approaching retirement of baby boomers, the importance of saving for retirement is frequently discussed while spending in retirement is often overlooked. Most people assume they know how to spend their money. But it takes planning and diligence to ensure that assets last for several decades of retirement. And planning for one’s financial legacy can be a vital part of the process.

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Congress Likely To Take Up Insurance Issues After July 4

July 7, 2008
BY ARTHUR D. POSTAL

The Capital Markets Subcommittee of the House Financial Services Committee has tentatively scheduled action on July 9 on legislation that would create an Office of Insurance Information within the Treasury Department.

NAVA Releases Annuity Tech Standards For Annuity Sales

July 7, 2008
BY ALLISON BELL

NAVA Inc. and International Business Machine Corp. have completed a project that could help promote more automation of the annuity sales process.