This equity slump can serve as a teaching moment for near-retirees who underestimated their need to develop a solid retirement income plan.
Yes, I Finally Bought an Annuity
Deciding to buy the contract wasn't easy. Maybe it wasn't even rational. But we feel relieved. We don't sweat these short-term market slides.
At These Rates, Why Bother to Save?
Negative real interest rates have become a disincentive to personal savings, especially among lower-income Americans who will rely heavily on Social Security and Medicaid anyway, this team of economists...
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...
Why Bernie is So Demanding
Sen. Sanders is the atavistic avatar of demand-side economics, which dominated public policy from 1932 to 1971. Supply-side economics has held sway since the Reagan years. The 2020 election...
Ask the Wizard: Can I Retire?
We tested online retirement readiness calculators at Vanguard, Fidelity, Schwab, New York Life, Pacific Life and the Alliance for Lifetime Income to look for best practices that might inform...
Research Roundup
These five research papers explain why many institutional investors still work with 'high-touch' brokers, why the economy may slow as populations shrink, why parents might save more than they...
Roth 401(k)s: Appealing but Impractical
Tax-deferred retirement accounts help the financial industry but cost taxpayers an added $20.7 billion a year, according to two economists. Would an all-Roth world be more socially beneficial?
A New Kind of Old Folks’ Home
For retirees who want a bundled (but not too restrictive) solution to their future housing and medical needs, a Type-C Continuing Care Retirement Community is an option. RIJ looked...
Industry-led ‘Retirement Income Institute’ to Launch
The Retirement Income Institute, which will fund new research and and white papers on 'protective lifetime income,' is the latest annuity education project from the financial industry-led Alliance for...
Honorable Mention
Alight Financial Advisors hires Edelman Financial Engines; Fidelity offers ‘real-time fractional shares trading’; MetLife assumes $1.9 billion in Lockheed Martin pension liabilities; MassMutual and Millenium Trust introduce 401(k) ‘sidecars’;...
Tetris, Taxes and Retirement
The tradition of withdrawing taxable, tax-deferred and finally tax-free assets in retirement may be obsolete. Matching retirees' tax brackets with the right account types may be better. It's like...
Outlook brightens in Asia for private annuity sales: Cerulli
'The importance of annuities is expected to increase significantly, as many markets continue to encourage personal retirement savings,' said Ye Kangting, a Cerulli research analyst.
Equitable completes spin-off from AXA
Equitable Holdings started toward independence in May 2018 with an initial public offering on the New York Stock Exchange. In March 2019, AXA S.A. completed a secondary public offering...
RIJ Interview: Will Fuller of Lincoln Financial
In the third in our series of interviews with annuity industry leaders, we talk with Lincoln Financial Group executive VP Will Fuller. He was recently honored as an 'Industry...
Sizing Up Lincoln Financial
Over the past 40 years, events and trends have helped determine Lincoln Financial Group's size today, which is smaller than its rivals in the individual annuity market. Former Lincoln...
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.
Extreme Longevity? He Lives It
Nearing age 100, social scientist Jacob S. Siegel is still vigorously lecturing and writing. He spoke about the 'demography of retirement' at the triennial 'Living to 100 Symposium' in...
Seeking ‘Ambidextrous Advisers’
In the future, we intend to strengthen our content for financial advisers while still serving our long-standing audience of annuity professionals. We think all of our readers will benefit...
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...