March 31, 2010, Cover Stories, Company/Trade Group News, Annuities, Payout Mutual Funds, Taxes
Spock-o-nomics at the RIIA Meeting
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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