Editorial Staff, Author at Retirement Income Journal

Nationwide’s new ‘Care Concierge’ program fills an advisory vacuum

The program extends Nationwide's internal employee assistance benefits, such as health advocacy, counseling and access to legal services, to owners of certain Nationwide variable annuity products.

Happy Independence Day

Retirement Income Journal will take a one-week recess to celebrate the July 4 national holiday and will not appear on July 6. We will return to our weekly publishing...

Only one of the 10 largest HSAs gets great grades: Morningstar

Morningstar evaluated HSAs from Alliant Credit Union, Bank of America, BenefitWallet, HealthEquity, HealthSavings Administrators, HSA Bank, Optum Bank, SelectAccount, The HSA Authority, and UMB Bank.

Honorable Mention

Brief or late-breaking items from Accenture, Envestnet, T. Rowe Price, Voya Financial, Ernst & Young and Cerulli Associates.

Potential Applications of Inorganic Intelligence

By Editorial Staff Thu, Jun 22, 2017

Reminder: Solve our retirement income case

Last week we presented the case of a couple, ages 64 and 63, with over $1 million in investable assets but no clue as to how to generate retirement...

Wealthfront angles for upmarket clients

The robo-advice firm has launched Advanced Indexing, a service that holds individual stocks to reduce costs and enhance 'tax-loss harvesting.' There are two levels of service, for clients with...

Research supports investing Social Security funds in equities

“Investing a portion (a maximum of 40%) of Social Security trust fund assets in equities would reduce the need for greater payroll tax contributions or benefit reductions,” said a...

Most advisors still many megabytes shy of a digital practice, says Fidelity (owner of eMoney)

Only 40% of advisors are tech-savvy, according to the Fidelity 2016 eAdvisor Study sponsored by Fidelity Clearing & Custody Solutions (FCCS), a unit of Fidelity Investments.

Honorable Mention: Cimini goes to Voya, ‘smart beta’ coming to TDFs, and more

Brief or late-breaking items from Voya, Cerulli Associates, Financial Engines, and Nestle.

Department of Labor Positions that President Trump Hasn’t Filled Yet

By Editorial Staff Thu, Jun 15, 2017

Don’t cut Medicaid, say Ivy League doctors

The Medicaid cuts envisioned under the ACHA and the Trump budget would cause widespread harm, three health care experts wrote in the New York Times this week.

In fiduciary suit, Northrop Grumman settles with participants for $16.75 million

The settlement does not cover claims raised in Marshall v. Northrop Grumman Corp., a second case against Northrop filed by Schlichter, Bogard & Denton on September 9, 2016.

A target date fund for RMDs, from Fidelity

Investors in Simplicity RMD Funds can set up distributions through Fidelity’s automatic withdrawals service. Fidelity calculates and distributes the investor’s RMD each year.

Political turmoil sidelines UK pension reform

'If you’re under 40 your income has been eroding and your ability to grow wealth assets is almost non-existent,' said one official. 'The parties’ promises need to catch up...

Honorable Mention

Brief or late-breaking items from TIAA, Transamerica, Milliman and the Investment Company Insitute.

Cost of Conflicted Retirement Advice – Economic Policy Institute, by state

By Editorial Staff Thu, Jun 8, 2017

Published June 8, 2017

Variable Annuities Suffer Steep Net Outflows