Obama’s Budget Too Austere for Retirement Industry

There’s outrage and indignation over the administration’s call for a $3 million cap on lifetime accumulations in tax-favored accounts, but only a tiny number of accounts would be affected.

The Sacrificial Payroll Tax

Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.

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?

Life Insurers’ Bermuda Triangle, Part II

The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Featured

Funny Money and the Super-Rich

The publisher of The Prudent Bear website blames U.S. monetary policy for empowering tasteless parvenus to leverage their way to the top—or at least onto the Forbes 400.

I’ll Let You Work Out the Details

Is it really true that if you cap a small business owner's tax-deferred retirement accounts at $3 million, he or she will stop offering a plan at all? Sounds like blackmail.
News

Vanguard to offer 401(k) services through TPAs

The move represents an expansion of the Vanguard Retirement Plan Access program, which was introduced in October 2011 to offer bundled services to sponsors of small- to mid-size 401(k) plans and to the fee-only advisors who work with those sponsors.

The Hartford hedges its VA risk in Japan

The company also announced that financial results for the first quarter of 2013 will include a deferred acquisition charge (DAC) of approximately $600 million, after tax.

ING U.S. to rebrand as Voya Financial

The operational rebranding process is expected to take approximately 24 months once it is started, and ING U.S. would not use its new name and logo commercially until the operational rebranding process has been completed.