Browsing Category: "Financial Press Release"

Self-Directed IRA Investors Stay the Course Despite Volatile Market

Thursday, October 9th, 2008 | Financial Press Release

In a sampling of self-directed IRA holders, Guidant Financial Group discovered that 86% had not made any major changes to their investment portfolios due to the current mortgage crisis.

Bellevue, WA (Vocus/PRWEB ) September 30, 2008 -- In a sampling of self-directed IRA holders, Guidant Financial Group discovered that 86% had not made any major changes to their investment portfolios due to the current mortgage crisis. The majority of survey respondents, all users of Guidant's self-directed IRA with checkbook control, indicated they were involved in long-term investing and broad diversification of assets.

"On the surface, this percentage seems unusually high, especially in light of the floundering housing market," says Guidant's CEO David Nilssen, who points out that many of Guidant's clients are still investing their IRA funds in real estate. "However, we've seen that those who roll funds into a self-directed IRA are particularly cautious investors seeking ways to lessen risk."

According to Nilssen, Guidant's clients can use the company's self-directed IRA vehicle to invest their retirement funds into both traditional and non-traditional assets, and this ability to diversify their portfolio has helped them avoid the downside of volatile securities and housing markets.

"Many of these account holders had already diversified their investments in order to avoid the dangers of betting all their money on one 'horse,' says Nilssen. "So when the housing bust hit, they were already in pretty secure positions, especially since their real estate assets were primarily long-term investments."

About Guidant Financial Group

Guidant Financial Group is the premier provider of self-directed IRAs and business-funding solutions through IRAs and 401(k)s. Guidant's services allow investors the freedom to make investments in real estate, franchises, businesses, tax liens and more by accessing their retirement accounts without penalty before retirement age. For more information on Self-directed IRAs or Small Business Financing please visit

Contact: Katie Lawrence
Phone: 888.472.4455 ext. 3212
Mobile: 425.829.0772


Sun Life Financial Unveils Unretirement℠ Index to Determine Future of Retirement

Thursday, October 9th, 2008 | Financial Press Release

Initial Study Shows Only Half of Americans Plan to Retire at 67;
Staying Mentally Engaged Tops Extensive List of Drivers to Stay in the Workplace.

Wellesley, MA (PRWEB) October 1, 2008 -- The U.S. division of Sun Life Financial Inc. (NYSE:SLF, TSX:SLF) today announced the Sun Life Financial Unretirement℠ Index, a first-of-its-kind measure to track the changing attitudes and expectations American workers have regarding retirement. The Index, to be released multiple times each year, will gauge how economic, financial and societal forces are affecting working Americans, and will forecast their future retirement decisions that will impact individuals, the government, employers, and the broader economy.    

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Sun Life's research uncovers surprising results as the median age of Americans rises and more Baby Boomers prepare for important decisions, like when to take Social Security and when to exit the workplace. Almost half (48%) of the American workforce believes it will still be working at the traditional retirement age of 67, and four of the five top reasons given were not financial in nature. Instead, the most cited reason for continuing to work (83%) was "to stay mentally engaged" - a finding consistent across all income levels, gender and age demographics.

"As our workforce evolves and attitudes are impacted by economic conditions and world events, the nature of retirement in America evolves as well," said Bob Salipante, President, Sun Life Financial U.S. "Traditional views on retirement are quickly evolving and more Americans are choosing to be unretired. This Index for the first time shows how changes in the economy, politics, healthcare and lifestyle are all critical factors in more and more Americans choosing to continue working during traditional retirement years."

Unretirement is defined as working at least 20 hours per week after the age when one is eligible to receive full Social Security benefits. Supporting data also show that a significant portion of those with the means to retire are instead deciding to stay in the workforce. Nearly 40 percent of workers surveyed with household assets of more than $500K still plan to work at least part-time, while overall, more than 77 percent of those planning to work beyond age 67 will do so to earn enough money to live well. Finances, however, are not the only driver to continue working past age 67. The study revealed that 83% plan to be working at 67 "to stay mentally engaged."

"The Index findings reveal differing expectations between the generations. At the intersection of generational values and external influences, the attitudes of both older and younger generations regarding work and active lifestyles are evolving," said noted author and expert Dr. Carol Orsborn, Ph.D. "In particular, the Boomer generation is approaching the traditional age of retirement with their lifelong habit of challenging societal norms intact. They stand at the portal of advancing age more driven by their desire to stay engaged with achievements and family relationships than by the value of their portfolio."

The Sun Life Financial Unretirement Index also examined a broad array of factors including economics, healthcare, personal finance, and government benefits and their potential impact on Americans' plans for retirement. Survey findings show dramatically different levels of optimism about when generational groups plan to retire and what they expect to rely upon in retirement.

Sun Life also found that only 46 percent of those surveyed are "very confident" that they will have enough money to take care of basic living expenses at the traditional retirement age of 67. Only 28 percent are "very confident" that they will be able to take care of medical expenses and 26 percent are "not at all confident" that they will be able to do so.

"Sun Life's Unretirement Index shows that retirement at an early age may soon be a thing of the past," said Laurence Kotlikoff, Professor of Economics at Boston University. "According to the Index, half of today's workers plan to work beyond age 67 - a dramatic reversal of the postwar trend toward early retirement. These plans to delay retirement reflect a desire to stay mentally engaged, but also real anxiety about financing retirement. Workers are very worried about their ability to rely on two historic mainstays of retirement - Social Security benefits and employer-provided benefits. Indeed, fewer than half of workers express strong confidence in being able to cover the basics in retirement, let alone live it up in retirement. The Index also shows that retirement confidence varies considerably from worker to worker depending on economic and demographic factors. Older workers seem more aware of and concerned by a retirement-financing gap, but neither young or old workers are eager to work harder or longer to close this gap. Instead, they express a willingness to cut spending, which may signal a change in future saving behavior."


At age 67, Americans can receive full Social Security benefits. While availability of government benefits has traditionally driven many Americans' retirement decisions when to retire, the Unretirement Index shows this traditional view on retirement is evolving. Additional Index findings follow.

When do Americans plan to retire?
Almost half (48%) of America's workers plan to work past the age of 67.

  • Younger generations are more often planning to retire at age 67 than their older counterparts. Fifty-eight percent of workers age 30-39 believe they will be retired at 67 compared to only 45 percent of those aged 60 and over.
  • Nearly one in three Americans plans to work at least part-time past the age of 67.

Why are Americans working later in life?
Four out of the five reasons cited for continuing to work past age 67 are not financial.

  • The number one reason (83%) people don't plan to retire at age 67 is to stay mentally engaged.
  • Among those with total net assets of less than $100,000, 81 percent said they will continue to work to earn enough money to live well, virtually the same percentage that want to keep working to stay mentally engaged.
  • Among those with total net assets of between $100,000 and $500,000, 72 percent will continue to work because they love their careers and 66 percent said they were not ready to end their careers.

What are the factors influencing retirement?
Americans have less confidence in factors influencing their retirement over which they have less control.

  • Americans have lower confidence in the economy than any other factor measured by the Unretirement Index.
  • The younger generations have little confidence that government benefit programs like Social Security and Medicare will be available when they retire. Sixty three percent of workers age 30-39 don't believe that Social Security will be available and also cite employer healthcare benefits as a reason to work past age 67.
  • American workers are much more likely to cut back on spending and reduce debt to improve their retirement prospects rather than seek to increase their income or change their investment mix. Eighty-two percent would reduce spending while only 58 percent would alter their investments.
  • Only 46 percent of all workers are very confident that they will have enough money to take care of basic living expenses when they reach traditional retirement age, and only 28 percent are very confident they will be able to take care of medical expenses.
  • Despite believing federal drug benefits will not exist in coming years, only 59 percent of those surveyed cited healthcare costs as a reason they plan to continue working.


The Sun Life Unretirement Index measures attitudes and expectations American workers have towards issues that influence retirement. The index ranges from 0 to 100, and this inaugural study yielded an overall index score of 46. The lower the index number, the more negative or
pessimistic people's outlook are on issues that influence retirement. The overall index is a composite score based on the performance of five issue-specific indices, including: the "economic index" (score = 30), the "personal finance index" (score = 48), the "health index" (score = 69), the "government benefits index" (score = 42), and the "employer
benefits" index (score = 43).

The study was conducted between August 9 and 19 of 2008. Telephone interviews were conducted by Interviewing Service of America using a random-digit dial (RDD) sampling method. Quotas and weights were applied to gather a sample of 1,515 people working either full- or part-time, which was representative of the U.S. working population between the ages of 30 and 66. The sample was also representative in terms of gender and four-region census break. Analysis and construction of indexes involved the application of factor analysis. Final indexes are based on summated averages across the attributes which make up an index. For more information and detailed findings of the Sun Life Unretirement Index visit

Age groups were divided by workers in their 30s, 40s, 50s, and 60+ and by three ranges of total assets, not including the net worth of the person's place of residence (less than $100K, between $100K and $500K, and greater than $500K). This sample has a margin of error of 2.5 percent at the 95 percent confidence interval.

About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of June 30, 2008, the Sun Life Financial group of companies had total assets under management of US $404.7 billion. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF. Visit Sun Life Financial's website at


FirstAgain Reports Rapid Rise of Online Unsecured Personal Loans as the Alternative to Ever-Shrinking Bank Lending Options

Thursday, October 9th, 2008 | Financial Press Release

Online consumer lender delivers better options for unsecured loans to fund anything, including home improvements, vacation ownership, education, medical expenses and more.

San Diego, CA (PRWEB) October 1, 2008 -- Every week the adage "you can take it to the bank" seems more outdated as the banking industry dumps more bad news on consumers. The news of banks failing has consumers in a panic. Big-name lenders are reducing or freezing existing home-equity lines of credit. Others have put the brakes on auto leases and are making it harder to get loans for education, home improvement, vacation ownership and more. Moreover, traditional lenders continue to treat all borrowers the same--with undifferentiated products and indifferent service. supplies unsecured loans to individuals with excellent credit. supplies unsecured loans to individuals with excellent credit.

Despite traditional bank woes, FirstAgain LLC, an online consumer lender focusing on individuals with excellent credit, continues to gain momentum with an easier and faster way to fund anything, including home improvement projects. The company's AnythingLoan, a revolutionary, unsecured loan product that combines low rates with an unparalleled customer experience, is a convenient alternative to ever-shrinking financing options.

News Facts:

  • San Diego-based FirstAgain® LLC focuses exclusively on providing low-rate, online unsecured personal loans to individuals with excellent credit.
  • FirstAgain's AnythingLoan is a completely paperless, online unsecured personal loan that can be applied for, approved and signed online.
  • AnythingLoans can be used for any purpose, including adoptions, aircrafts, autos, boats, classic cars, club memberships, education, fertility expenses, fractionals, home improvements, horses, marine products, medical expenses, motorcycles, pools, RVs, solar, timeshares, weddings or anything else.
  • AnythingLoans are a welcome alternative for home improvement financing without the hassles or concerns people have when borrowing against home equity or retirement savings.
  • Home improvement loans are one of FirstAgain's fastest growing loan categories as the company has achieved five-fold growth year-over-year.
  • FirstAgain has surpassed $100 million in online unsecured loans and is gaining market momentum with thousands of highly satisfied customers nationwide.
  • Online unsecured personal loans, with same-day funding, are available in amounts ranging between $10,000 and $100,000.

Supporting Resources:

Relevant coverage:

Supporting Quotes:

  • Gary Miller, FirstAgain co-founder and CEO: "People with excellent credit are underserved by traditional lenders and we are changing that with our AnythingLoan--an incredibly positive loan experience for consumers who have worked hard to develop excellent credit profiles. FirstAgain rewards them with specially tailored loans and a great customer experience regardless of market conditions."
  • Theresa Emfinger, FirstAgain customer/Education Loan: "The regular financial aid programs just weren't going to be enough. I was looking for things like credit card advances, but then I came across FirstAgain. I kept thinking there has to be a trick here. It was just such a simple experience. I really appreciate having a service like this out there. With all the bad news surrounding the credit industry right now, it's nice to know it doesn't have to be that hard. FirstAgain gives borrowers peace of mind."
  • George Zandiotis, FirstAgain customer/Home Improvement Loan: "I considered borrowing against my 401(k) for a home improvement loan, but it just didn't make sense. FirstAgain was a breath of fresh air. I was absolutely shocked when I saw how quickly the whole thing happened. I had my loan approved and funds deposited into my account within a day."
  • Elizabeth Rowe, Group Director of Banking Services for Mercator Advisory Group: "Financial institutions don't always treat their customers the way they should, which is why I love the touch of human consideration that FirstAgain brings to consumer lending. The AnythingLoan is the first truly win-win loan product. The vastly improved lending experience gives consumers a much better way to secure financing, which will propel FirstAgain's continued market momentum."

About FirstAgain:
FirstAgain LLC is redefining consumer lending for individuals with excellent credit. The San Diego-based company has developed a completely paperless, online experience for applying, approving, signing, funding and servicing unsecured personal loans. FirstAgain's AnythingLoan can be used for any purpose, including home improvements, vehicle purchases, educational and medical expenses, timeshares, vacation ownerships, marine products, loan refinancing and anything else. Most AnythingLoan finance amounts range from $10,000 to $100,000 with low rates, same-day funding and an unparalleled customer experience. Timeshare and fractional financing loan amounts start as low as $7,500. FirstAgain was founded by the pioneering veterans of PeopleFirst, a company which grew into the nation's largest online auto lender prior to its sale to Capital One in 2001. The company operates nationwide and has financial investments from Merrill Lynch and Arsenal Capital Partners.