The Bankers Who Control the World

Some goldbugs have accused the Bank of International Settlements of engineering the 2008 financial crisis to subvert the dollar. This account of a visit to BIS' Swiss headquarters, first published in Harper's in 1983, has been updated for RIJ by the author.

Three Annuity Cures for Sequence Risk

New York Life and Fidelity have introduced a variable annuity with principal-protection over 10 years. Similar protection could be obtained with an indexed annuity or with a combination of a fixed rate annuity and an S&P500 index fund.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Featured
Anecdotal Evidence

An Industry Awaits Fee Transparency Rule with Trepidation

“This new ERISA 408(b)(2) disclosure has a bite to it," writes Louis Harvey of Dalbar in DSG Dimensions. ERISA attorney Fred Reish (left) estimates that 401(k) fee transparency rule would be effective "April 1 to July 1, 2012.”
Anecdotal Evidence

More info on New York Life’s DIA Emerges

The deferred income annuity will allow pre-retirees to build up retirement income over time, it was revealed at the LIMRA Retirement Industry conference in Las Vegas last week.
News
Anecdotal Evidence

401(k) assets top $3 trillion: SPARK

We often hear that Americans don't save, but their collective retirement savings are worth about $16 trillion, according to research by RG Wuelfing & Associates, Inc. for the SPARK Institute.
Anecdotal Evidence

Equity funds see outflows in March: Morningstar

Among U.S. stock funds, large-cap offerings lost about $3.2 billion across the value, blend, and growth categories, while small-cap funds enjoyed modest inflows of $791 million.
Anecdotal Evidence

The Bucket

Brief and late-breaking items from AXA Equitable Life, Prudential, MassMutual, Northwestern Mutual and The Derivative Project.