Mark Iwry (pictured), an assistant Treasury Secretary, came into the current administration with hopes of making the "Automatic IRA," a workplace savings plan for people without a plan, a reality. But it became the subject of conspiracy theories and its prospects are now dim. Photo courtesy of the National Press Foundation.
Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.
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 humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Forget the Ides of March. Beware of the entire month of August, says Harvard's Jeffrey Frankel. That's when the doctors are away and the lunatics take over the asylum.
Highest Daily Lifetime Income 2.0, which includes an enhanced death benefit, replaces Highest Daily Lifetime Income and Spousal Highest Daily Lifetime Income benefits.
After less than one year in the FIA market, Security Benefit Life had the top-selling indexed annuity for the quarter, the Secure Income Annuity.
“While it may be too early to conclude that the economy has fully emerged from the second quarter ‘soft patch,’ economic conditions have not continued to deteriorate in July and early August,” an S&P release said.
Brief or late-breaking items from New York LIfe, Vanguard, Fidelity, and National Planning Holdings.
"When there are economic gains to be allocated, our political process can allocate them. But when there are large economic losses to be allocated, our political system is paralyzed. And with political paralysis comes economic paralysis." -- Lester Thurow, The Zero Sum Society, 1980.
I drove up to Salem, Mass., last week to see what the classes for the Retirement Income Industry Association's RMA designation were all about.