Don Maycock...advising you to and through retirement!

GMWB is the acronym for Guaranteed Minimum Withdrawal Benefit. It's also referred to as a "variable annuity". The product was developed because many employers are moving away from defined benefit (DB) to defined contribution (DC) pension plans to eliminate their liability for employee's pensions in retirement. With a defined contribution plan the employer makes contributions to the employee's plan but the employee is responsible for investment selection and subsequent performance and long term returns i.e. the employee takes on the risk.

Reduce Stress with a Life Annuity in your Retirement Plan A life annuity is simply a financial product whereby you invest a lump sum of money with an insurance company and in turn they provide a guaranteed income payment for life. Think of it as buying your own personal pension plan.  Here is an article […]

 931 total views

Read More

Variable Annuity (GMWB) and Your Income Retirement Plan   In 2006, I attended an advisor conference and a specific presentation about a new retirement product coming down the pipeline aimed at both retirees and those within 15 years of retirement. Technically it’s called a variable annuity but is more commonly referred as a GMWB or Guaranteed Minimum Withdrawal Benefit. The product was developed  because […]

 1,179 total views,  1 views today

Read More

The New Kid on the Block…the Variable Annuity! The variable annuity of commonly referred to as a GMWB is on the horizon. In June 2006, I attended the Morningstar Investment Conference, which focused on “Retirement Income Planning”. One well-known speaker, Moshe Milevsky, introduced the concept in retirement planning of not just how to generate retirement […]

 2,853 total views,  6 views today

Read More