Your Retirement Money Diet

Morningstar's investment gurus put four variations of the "safe withdrawal" method through a simulated retirement scenario involving a 65-year-old man, a $1 million portfolio, and a 30-year time horizon. Each method had strengths and weaknesses.

Beware of double taxation on distributions: Wagner Law

If your clients live in Massachusetts, Pennsylvania or New Jersey, they might inadvertently and erroneously pay significant additional state income taxes, according to the attorneys at Wagner Law Group in Boston. 

Breaking news

US among countries with lowest fund fees: Morningstar; Old-age poverty scarier than death for the unretired: Allianz Life; American Funds and Morningstar partner for ‘Target Date Plus’; Prudential’s PRIAC life company upgraded by AM Best; CVS sells PayFlex go Millennium Trust; The Standard offers ESG indexed annuity.
Bermuda Triangle

Prudential divests $31 billion block of in-force VAs

Prudential executive vice president and head of US Businesses Andy Sullivan said his company will focus on selling more of its “protected outcome solutions, like FlexGuard and FlexGuard Income.”

Advice is still a luxury item

Either because they avoid advisers or advisers avoid them, about 80% of investors with less than $100,000 saved do not have a financial adviser, according to Cerulli. Fees are one obstacle.


March 31, 2022

Meet Corebridge, AIG’s ‘Bermuda Triangle’ Venture

Corebridge Financial is AIG's Life & Retirement division, spun off and rebranded. It teams up with some of the world's largest asset managers and a reinsurer based in Bermuda. An IPO is planned for...
March 24, 2022

Europe’s Borderless New DC Plans

After 10 years of preparation, the European Union has created Pan European Personal Pension plans (PEPPs). These will be available to any EU-country citizen working in any EU country. But who will offer them?
March 17, 2022

401(k)s Are a ‘Fraud,’ and Other New Research

Here are five fresh, timely pieces of academic research on retirement-related topics, including the alleged unfairness of the employer-sponsored defined contribution plan savings system.