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March 25, 2010, Cover Stories, Company/Trade Group News, Annuities, Payout Mutual Funds, Taxes

Spock-o-nomics at the RIIA Meeting

By Kerry Pechter   Wed, Mar 24, 2010

At the spring meeting of the Retirement Income Industry Association, held at Morningstar Inc. in Chicago, concepts like "stocks for the long run" and "safe withdrawal rate" were out of favor.

Milevsky, the well-known goateed Toronto-based finance professor and writer, asked the gathering at Morningstar/Ibbotson headquarters to imagine a Planet Vulcan where the inhabitants had only one investment option, risk-free inflation-protected bonds with a real return of 2% to 2.5%.


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