FINANCIAL ADVISOR MAGAZINE Study Backs Longevity Insurance February 8, 2012
Healthy baby boomers who are likely to live a long retirement life should consider bucking conventional wisdom and keeping more of their money in riskier equities, rather than switching to safer investments as they age, according to a new study.
The FS Associates International Fund Management 2014 World Cup was awarded based on the results of a global survey of investment managers to determine which country's firms are most competitive when it comes to marketing to institutional investors worldwide.
VIDEO: How Not to Outlive Your Money - Nightly Business Report July, 2013
WALL STREET JOURNAL Game Changer: Play Money Teaches Real Lessons on Managing Investments June 4, 2012
The Wall Street Journal covered an interactive educational event hosted by Barry Gillman at the 2012 National Conference on Public Employee Retirement Systems (NCPERS). Developed by the Brandes Institute, the Manager Challenge® was featured in the Journal on June 4 with video featured in the online edition at:
U.S. NEWS & WORLD REPORT Do you Face Money Death? February 10, 2012
"Money death" is a dramatic term used in a contrarian study about strategies that help people avoid outliving their assets. Brandes Investment Partners, a money-management company based in San Diego, notes in "Boomers Behaving Badly" that running out of money is a top concern of retirees. With safe investments paying historically low interest rates and a still-shaky economic recovery, retirement security concerns are getting worse these days, not better.
KIPLINGER'S RETIREMENT REPORT Excerpt from "Navigate a Course for Long Term Care" May, 2012
Insurance for the long term
Another financing option is longevity insurance. You invest a relatively small amount of money with an insurance company at about 65 and get a relatively large payout at 85. You can use the money for any purpose, including for long-term care expenses. Longevity insurance may be a better choice than a standalone long-term-care policy if you are healthy and expect to live well into old age, says Barry Gillman, principal of Longevity Financial Consulting, which advises asset managers. Assume you’re a 65-year-old man who invests $50,000 in a longevity product. At age 85, you’ll start getting $5,600 in monthly benefits. If you live to 87, you’ll get $134,000 in total payouts. If you live to age 95, you’ll get more than $670,000.You’d get no payouts if you die before 85. The payouts provide extra cash flow at a perfect time to help cover any monthly long-term-care bills for the rest of your life. With most standalone long-term-care policies, payments end after three to five years. “Longevity insurance gets to be a better deal very quickly for those in better than average health,” says Gillman. Keep in mind, however, that the $5,600 monthly benefit will not be adjusted for rising costs, unlike a long-term-care policy with an inflation adjustment. And part of these longevity-insurance payouts will be taxable.
VIDEO: Longevity Matters - featuring NBC News segment with Reporter Sharon Epperson and Barry Gillman May, 2012