MassMutual ready to ride wave of retiring boomers.Financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company MassMutual Financial Group said it has formed a new division to address the retirement needs of the first wave of 76 million baby boomers See generation X. who will retire during the next five years. MassMutual is one of the first to offer an integrated approach to protection and investments, the company said in a statement. The division is offering insurance and investment products that will help baby boomers convert assets to income for retirement and is creating products and planning tools that encourage and promote efficient savings to prepare for retirement income needs. Initially; the company expects the majority of investable assets to come in the form of IRA rollovers IRA rollover Reinvestment of a lump-sum distribution from an IRA when physical receipt of funds has been taken by the investor. The lump-sum distribution must be deposited in an IRA rollover account within 60 days of receipt to escape taxation. , and MassMutual will use financial modeling software designed by eMoney Advisor to analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. data in real time and identify specific product opportunities to help achieve retirement-income goals, the company said. |
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