What Happened to the ‘Auto-IRA’?

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.

Annuities and the Charles Schwab Deal

Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.

Marshmallows and Social Security

Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.

A Flock of Black Swans

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.

Prudential Launches HD Lifetime Income 2.0

Highest Daily Lifetime Income 2.0, which includes an enhanced death benefit, replaces Highest Daily Lifetime Income and Spousal Highest Daily Lifetime Income benefits.

The Bucket

Brief or late-breaking items from New York LIfe, Vanguard, Fidelity, and National Planning Holdings.

Quote of the Week

"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.

RIIA’s Retirement ‘Bootcamp’

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.