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.
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.
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.
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.”
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.