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?
'The Fed remains focused on downside risks but as of yet is unwilling to act further to support the recovery. Maybe they won’t need to,' writes our guest columnist, an economist at the University of Oregon.
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U.S. equity funds on pace for record outflows: Morningstar; Insurers remain vulnerable to bond downgrades: AM Best; 'Schwab Plan' web-based planning tool unveiled; Fidelity retirement accounts keep growing; Prudential assumes Boise Cascade pension risk; SIMON adds Symetra annuities to its platform.
The Department of Labor's 'interim final rule' on disclosure of estimated lifetime income from 401(k) balances is welcome, but it lacks a critical feature. Public comments might improve it.
Of major product lines, only registered index-linked annuities (RILAs) saw growth in 2Q2020. RILA sales were $4.5 billion in the second quarter, up 8% from 2Q2019, according to LIMRA Secure Retirement Institute.