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Genworth Exits the VA Race
Tue, Jan 11, 2011
“They’re editing their lineup,” said Eric Berg, an analyst at Barclays Capital. “They’re getting out of the businesses where they lack meaningful size." (Above, Genworth CEO Mike Fraizer.)
Cover Stories
Why We Retired Our Pensions, and How to Revive Them
Wed, Jan 05, 2011
An ambitious new book, The Decline of the Traditional Pension, captures the state of public, private, domestic and global pensions with scholarly rigor.
A ‘Turbit’ Drawdown Strategy
Tue, Dec 28, 2010
In a recent paper, two Vanguard CFPs detail the merits of a hybrid between the ‘turtle’ and the ‘rabbit’ approaches to decumulation.
RIJ’s Top Ten List for 2010
Wed, Dec 22, 2010
Letterman, look out. Retirement Income Journal offers its own list of the year's highlights in the retirement income industry (or in one person's small corner of it).
Featured Stories
2010: A Truth Odyssey
Each January, Ron Surz, president of PPCA Inc. and Target Date Solutions of San Clemente, California, unveils his proprietary interpretation of the prior year's market performance. We've publish a summary, with a link to the complete, chart-rich document.
Are Direct-Sold Funds a Better Value?
New research argues that broker-sold mutual funds—both active and passive—tend to generate lower returns at higher costs than direct-sold mutual funds.
News
Financial Engines to announce retirement income program
Tue, Jan 11, 2011
The presentation will begin at 12:30pm ET, January 31. Investors and interested parties can access this presentation by visiting the Company’s investor relations website.
National Life Group adds income option to IUL products
Tue, Jan 11, 2011
If the policy owner is between ages 60 and 85 and the policy has been in force for at least 15 years, and the policy has sufficient value independent of any outstanding loans, the owner can exercise the rider and receive a lifetime income stream.
Prudential’s Q-class fund shares offer fee transparency
Tue, Jan 11, 2011
Eligible plans, including 401(k) and 403(b) plans, among others, can convert their current holdings in another share class of a Prudential fund to the fund’s Class Q shares.
Poland mixes politics with pensions—with mixed results
Tue, Jan 11, 2011
Polish workers pay 19.5% of taxable income into the mandatory pensions system, of which 12.2% goes into a plan like our Social Security and 7.3% goes into privately-run DC plans. Starting this year, much of the 7.3% will go to a government-run DC plan instead.
Health spending grew less rapidly in 2009
Tue, Jan 11, 2011
Health spending rose only 4% in 2009 to $2.5 trillion, or $8,086 per person, down from 4.7% in 2008. Consumers spent $299.3 billion out-of-pocket on health care, up 0.4%.
Many Americans unprepared for health expenses in old age
Tue, Jan 11, 2011
More than one-third of Americans ages 45 to 70 are worried about running out of money during retirement, but only 20% plan to purchase any form of guaranteed lifetime income.
VA from Fidelity and MetLife marks $1 billion in sales
Tue, Jan 11, 2011
MGGI simplifies the investment option selection for the customer by offering a single fund, the Fidelity VIP FundsManager 60% Portfolio, which uses an asset allocation approach to achieve exposure to multiple asset classes.
