Daniel Kahneman on Intuition, Etc.
In this continuation of our video of Daniel Kahneman at the Investment Management Consultants Association conference in New York last month, the Nobel Prize winner explains why expertise is...
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How Are Life Insurers Coping? A.M. Best Counts the Ways
Headwinds like “marginal to declining premium growth,” an “aging agent and adviser channel,” and “regulatory uncertainty” continue to frustrate life insurers, the ratings agency says.
RetirePreneur: Brian Doherty
Brian Doherty, former New York Life executive and now president of Filtech and author of the recent book, “Getting Paid to Wait,” consults advisors and consumers on Social Security...
Are the Bears Crying Wolf?
As Bulls celebrate Janet Yellen's latest walk down "easy" street, technical analysts tell RIJ that, according to their charts, Wall Street is headed for hard times.
Borzi Needs to Appreciate Retail Distribution More
The argument over whether there should be a fiduciary standard or a suitability standard misses the point. This is about the cost of distribution, not about ethics.
Prudential and MassMutual in Deal to De-Risk Kimberly-Clark Pension
“This is not necessarily a bad business to be bidding on, but it’s inherently risky, especially with the low rate environment," said Rob Haines of CreditSights.
Questions & Answers about: Medicaid Annuities
In this ongoing new feature, RIJ will ask and answer questions that pertain to retirement advisors and their clients. Our first Q&A concerns Medicaid annuities, which middle-class Baby Boomer...
Tax Corporations Less, and Capital Gains More?
Effective tax reform will undoubtedly require some difficult compromises. In this opinion piece, retirement expert Gene Steuerle of the Urban Institute describes a potential trade-off that is bound to...
Why the Borzi Proposal is So Scary
The "conflict of interest" or "fiduciary" rule could stop the manufacturers of retirement products from distributing to one of their target markets: the owners of $6 trillion in rollover...
An Unconventional Truth
Simply put, we live in a world in which there is too much supply and too little demand. The result is persistent disinflationary, if not deflationary, pressure, despite aggressive...
First Investors launches flexible-premium longevity annuity
“Sales of our single pay deferred income annuity, which we introduced last year, have been three or four times what we projected," said Carol Springsteen, president of First Investors...
Should Undersaved Americans Work Longer?
In this review of "Falling Short," the new book about America's retirement crisis from the Center for Retirement Research at Boston College, labor economist Teresa Ghilarducci disagrees with the...
Extend RMD Relief to Indexed Annuities
A professor at The American College rebuts last week's RIJ critique of the National Association of Fixed Annuities' letter to the Treasury Dept. The letter asked that qualified...
What Are We Betting On?
'Central banks do not have the tools to deliver rapid, sustainable, and inclusive growth on their own. The best they can do is extend the bridge; it is up...
NAFA Throws a Hail Mary on QLACs
"There is only one opportunity to make a good first impression and they may have blown it," one observer said about a letter from the National Association of Fixed...
Trial Date Set for “Excessive fee” Suit against Boeing
“This decision reflects the pendulum that has clearly swung in the participants’ favor in recent years,” writes ERISA attorney and blogger Thomas E. Clark, Jr. of FRAPlanTools.com.
With Gibraltar Ventures, Prudential Retirement Aims to Be ‘Disruptive’
"Gibraltar Ventures will explore disruptive strategies and business models, focus resources on those ideas that have the most potential to advance retirement and financial security, and complement our current...
Nationwide Settles 401k Fee Suit for $140M
"This is the most substantial settlement ever in an ERISA fiduciary breach case involving the receipt of revenue sharing by a service provider. It is... nearly 10 times greater...
Ruark Publishes Biannual VA Usage Study
Many owners of variable annuities with lifetime income riders are not using their benefits as efficiently as they could, Ruark found. They often draw down too much or too...
Mature Americans need retirement advice (desperately)
The oft-cited “four percent rule” for a safe withdrawal rate in retirement is unfamiliar to seven in ten Americans (69%), according to a survey by The American College. Sixteen...
