You’ll need 11 times final salary to retire on: Aon Hewitt
“The Real Deal” report asserts that Americans aren’t saving enough for retirement. But the savings goals might be unrealistic.
You’ll need 11 times final salary to retire on: Aon Hewitt
“The Real Deal” report asserts that Americans aren’t saving enough for retirement. But the savings goals might be unrealistic.
Rates as low as 1% squeeze Northern European pensions
In Sweden, where 10-year rates fell to as low as 1.02% on June 6, the financial regulator has proposed a temporary floor on the discount used by pension insurance...
Extra: Wealthy divorcees are happier than poor divorcees
“Many wealthy divorced women told us that they feel they are better with money and investments than their former husbands,” said George Walper, Jr., president of Spectrem Group.
Discount rates fall, pension liabilities rise
In June, the discount rate used to calculate pension liabilities fell to 4.32% from 4.56%, raising the PBO to $1.698 trillion at the end of the month. The overall...
It’s Not the Heat, It’s the Frugality
Everyone seems to agree that business has been crazy-slow this summer, thanks to election year paralysis. A bonus feature: My theory on why our monetary system functions like a...
Retirement Specialists are Generalists
Baby boomers will need retirement income solutions that embrace insurance and investments, and they will need advisors who can offer a full spectrum of products and processes. RIJAdvisor wants...
Defining ‘Tactical Asset Allocation’
Many advisors feel unprepared to allocate assets tactically, and a recent Journal of Financial Planning article shows a growing trend over the past three years toward advisors outsourcing their...
Great Expectations… Dashed
The founder of Sensible Financial in Waltham, Mass., blogged the following about lost inheritances to his clients. It’s a message that any advisor and any set of clients might...
Retirement Income Journal takes a week off
The next issue of Retirement Income Journal will appear on July 11. We will not publish Wednesday, July 4. Have a safe and joyous holiday everyone!
How HNW investors generate income
With interest rates at historic lows, investors are looking to alternative investments for higher returns.
Envestnet and Achaean Financial in partnership
Envestnet advisors will be able to use Achaean's Retirement Outcome program to create retirement income plans for their clients.
Building – and Selling – a Retirement Income Practice
"I came from the commission world and now have a retirement income planning practice that I have just signed an agreement to sell. If I were still doing commission-only...
‘Obamacare’ Survives
In making a tie-breaking vote, Chief Justice John Roberts allowed the so-called "individual mandate" of the Affordable Care Act to stand, on the grounds that the penalty for not...
Vanguard index wizard Gus Sauter to retire
Mortimer J. “Tim” Buckley, managing director, will assume the role of chief investment officer upon Mr. Sauter’s retirement.
Low interest rates a ‘nightmare’ for pension funds: UK official
But Pension Minister Steve Webb said he intended not to act but to follow the example of Denmark and Sweden, which recently announced a voluntary floor that could be...
Non-profit annuity advocacy organization created by industry leaders
In its developmental stage, SAFE has been closely affiliated with NAFA, the National Association for Fixed Annuities. With the approval of SAFE as a 501(c)3 organization, it will operate...
Pew public pension report disputed by public pensions
Hank Kim of NCPERS says that the recent Pew Public Pension Report paints an overly bleak portrait of the present and future financial condition of state pensions.
Sales of AXA’s ‘Structured Capital Strategies’ VA reach $1 billion
On the upside, investors in the product participate in positive index returns up to a cap. On the downside, AXA Equitable will absorb the first -10%, -20% or -30%...
My New Baseball Cap
Jeremy Grantham and William Bernstein spoke at the Morningstar Investment Conference, and Morningstar handed out a recent study in which its analysts compared five different retirement withdrawal strategies--and chose...
