Weighing the Value of a Variable Annuity

A VA lifetime withdrawal benefit—especially one with a 'ratchet'—can provide the upside potential and downside protection that many Boomers want in retirement, say researchers Petra Steinorth and Olivia Mitchell. But a life annuity offers a higher dose of "AEW."

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.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
Featured
Anecdotal Evidence

Who’s Afraid of the Fiscal Cliff?

Not Bill Gale of the Brookings Institution. He recommends that we let the Bush tax cuts expire and the automatic spending cuts occur—and then to build a more sensible fiscal compromise on top of their ruins.
News
Anecdotal Evidence

GDP growth rate of 2.8% predicted for 4Q 2012: Prudential

The 1.5% GDP growth in Q2 was due to weaker consumer and government spending and a negative trade balance. Bright spots were solid business investment spending and housing as well as a rise in inventories, according to Prudential strategist John Praveen.
Anecdotal Evidence

Employment gains not likely without further stimulus: TrimTabs

“Since consumption is now 71% of GDP growth, the lack of jobs is having a negative impact on disposable income, which is pulling down economic growth,” said Madeline Schnapp, TrimTabs director of macroeconomic research.
Anecdotal Evidence

The Bucket

Brief and late-breaking items from Natixis Global Asset Management, Symetra, Fidelity, Allianz Life and Genworth.
Anecdotal Evidence

“Quote” of the Week

"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. One should, for example, be able to see that things are hopeless and yet be determined to make them otherwise"--F. Scott Fitzgerald, from "The Crack-Up."
Anecdotal Evidence

On Moshe Milevsky’s “The 7 Most Important Equations”

Each chapter in Prof. Milevsky's latest book focuses on a different important mathematical equation, on the genius who created it (or who won credit for creating it), and the application of that equation to retirement income problems.