A Quick Way to Estimate Portfolio Longevity
Our guest columnist describes a simple tool that inputs historical market performance, a client’s account balances, her personal “sequence of returns” in the first five years of retirement, and...
Income Strategies
What’s Cooking at ‘Income Lab’?
At their software start-up, Income Lab, three former Jackson National Life executives want to help advisers help clients optimize retirement income. They enter a financial planning field dominated...
Hardwired COLA vs. Performance-Based COLA: What’s Best?
For retirees who don’t mind slight to moderate reductions in their annual income roughly one-third of the time, we recommend withdrawing a fixed percentage of their portfolio’s ending account...
Boola-Boola, Retirement Moolah
Yale's $7 billion 403(b) plan offers TIAA's RetirePlus Pro target-date solution to its 27,000 active and retired participants. The portfolios use Vanguard and TIAA CREF funds, and a liquid...
Watch now: A ‘Deep Dive on Retirement Drawdown Strategies’
This one-hour video of yesterday's webinar, sponsored by The American College, features retirement income specialists Joe Elsasser and James DiLellio. Some 1,800 advisers attended. Our story summarizes the webinar...
Unlocking the Code of Moshe Milevsky’s Latest Book
The retirement guru's technical new book shows software-savvy readers how to answer common questions in retirement income planning using his algorithms and "R" code.
Building a Bridge to Social Security
Middle-class people who retire before age 70 should spend 401(k) assets first and delay taking Social Security, says a leading retirement income expert. In a new research paper, she...
Take ‘AIM’ at Retirement Income Goals
In this excerpt from his new book, 'Lifetime Income to Retire with Strength,' AM Best actuary Bruno Caron presents an example of his 'AIM' retirement income planning method. He...
The Five Most Important Retirement Income Decisions
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going...
Jim Otar’s Swan Song on Retirement Income
The famed Canadian adviser-of-advisers and author, now retired, has released his latest and last book, 'Advanced Retirement Income Planning.' It's a concise version of his magnum opus, 'Unveiling the...
An Income-Generating ‘Collar’
Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?
Retirement Income Budgets: An Actuarial Approach
How much annual or monthly income will your clients have in retirement? The American Academy of Actuaries offers three methods for estimating that amount.
Why Is Income Planning So Hard?
Everyone says retirement income planning is harder than 'accumulation' planning--for advisers as well as their clients. If so, what makes it that way?
Look Homeward, Seeker of Liquidity
During a market crisis, a reverse mortgage home equity line of credit (ReLOC) can be a lifeline of ready cash for homeowners ages 62 and older. Don Graves of...
Portfolio Rebound: How Long Should It Take?
Using his proprietary 'aftcasting' technique instead of Monte Carlo simulations, the author shows how long it will probably take different portfolios to recover after a negative market shock.
COVID-19’s Financial Impact on Older Americans
'Pandemics and financial crises have occurred throughout history,' writes our guest columnist, a former IMF official. 'Think of the biblical account of Ancient Egypt, and the cycle of lean...
Bonuses enhance yield in Allianz Life’s new indexed annuity
Low interest rates send players in different niches of the retirement business in different directions toward different solutions for different types of customers. Here's how the leading FIA issuer...
Project LIMA Aims to Solve the Annuity Puzzle
Milliman, the actuarial consulting firm, envisions putting a multi-premium deferred income annuity inside a 401(k) managed account as a way to turn tax-deferred savings into lifetime income. It seeks...
Applying Actuarial Science to Income Planning
Adviser Mark Shemtob uses actuarial science to analyze and compare retirement income strategies that employ both annuities and investments.
A Look Back at (and Beyond) the ‘Stretch’ IRA
Under the new SECURE Act, most non-spouses must withdraw and pay taxes on inherited IRA assets within ten years instead of "stretching" the process over (possibly) decades. What will...
