Abaris Financial has changed its name to Blueprint Income. Blueprint Income is the most trusted name in direct income annuity sales.
Today, we’re phasing out Abaris and changing our name to Blueprint Income. In 2014, Adam, Nimish, and I began building a better path to a secure retirement for millions of Americans. Longer life spans, increasing uncertainty about Social Security, and the decline of pensions all have made retirement harder and more do-it-yourself than at any point in history.
Immediate annuity and deferred annuity payout rates were up this month for most insurers as the yield on the 10-Year Treasury, which is a good proxy for annuity pricing, reached its highest point since the first quarter of 2017. If you have been considering an income annuity purchase, now may be a good time with the improved pricing.
Immediate annuity payout rates were down this month for most insurers as the yield on the 10-Year Treasury, which is a good proxy for annuity pricing, fell in November. Deferred Income Annuity pricing remained constant this month.
Tax reform has faded from the news this week. But if it were enacted, how would it affect the way you invest for retirement? Read on to learn more in this month’s update.
It’s been a September of tumult, not least because of the increasingly messy Equifax security breach. Here’s what I’ve been reading (and writing).
Although markets are at all time highs, it feels as though retirement unease is also as high as they’ve ever been. The World Economic Forum white paper details the $224 trillion gap between retirement needs and what we’re on track to save by 2050. This triggers some difficult questions we need to take on as a society, such which broad based approaches to take to resolve this issue and which sacrifices we’ll need to make to guarantee a safe and healthy retirement for everyone.
This month, annuity prices didn’t change much. We also discuss the value of an income annuity, and highlight a study by Morningstar on the impact of guaranteed income on safe withdrawal rates from portfolios.
There were no major changes in annuity pricing this month. With the volatility in recent interest rates, we highlight research from a Princeton professor on the relationship between interest rates and annuity pricing. In summary, every 100 basis points of change in the 10 year T-note has resulted in a 65 basis point change in annuity payout rate.
The 10 year T-note finishes the month at 2.4%, around where we were in November, stopping insurers from increasing annuity rates this month. Additionally, the uncertainty on the direction of interest rates has us working with clients to create long-term income purchase plans instead of one-time purchases. Finally, we are hosting a retirement income webinar to help you understand whether a Retirement Spending Analysis is right for you.