Deals & People February 16, 2012

Great-West Appoints Michigan Sales Manager

Great-West Retirement Services appointed Troy Testa as regional sales director for Michigan.
Reported by

In this new position, Testa is responsible for developing 401(k) plan business through brokers, financial advisers, consultants, wirehouses and third-party administrators. He reports to Scott Barnett, Midwest regional vice president.

Prior to joining Great-West, Testa spent more than 10 years with OppenheimerFunds, most recently serving as vice president and retirement plan consultant.  Earlier, he was a senior pension analyst with Mutual of Omaha.

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Testa earned a bachelor’s degree in business administration from Adelphi University. He holds NASD Series 6, 7 and 63 licenses and a Chartered Retirement Plan Specialist (CRPS) designation. 

Diversions February 16, 2012

Seniors More Satisfied with Life

A recent study found that healthy older adults have less negative thoughts than other age groups, leading to more life satisfaction.
Reported by

Research suggests that sufferers of negative thinking, or brooding, have a tendency to focus on their problems without taking action, which can lead to depression.

The study asked 300 participants, ages 15 to 87, to rate their negative thoughts, depression and personal well-being. Researchers found that life satisfaction was negatively impacted by brooding, with those ages 63 and older reporting less brooding than younger participants.

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Stefan Sütterlin and colleagues of the University of Luxembourg (Integrative Research Unit for Social and Individual Development—INSIDE) and Germany’s University of Würzburg conducted the study, which is set to be published in the Journal of Aging Research.

 

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