"Save like you will retire, but live like you won't," is part of Alfred's personal retirement philosophy. He is co-founder and CEO of BrightScope, the first firm to rate retirement plan quality and publish the ratings on the Internet.
BlackRock’s new CoRI helps older DC plan participants find out how large an income annuity they can afford to buy at retirement—but it stops short of helping them buy one.
In the embedded video, Brigitte Madrian of Harvard (pictured) describes the results of two surveys of older Americans about lifetime income that she and a team of other Ivy League researchers conducted. An article accompanies the video.
In New Brunswick, Canada, city officials and union leaders are experimenting with a new, more frugal kind of public pension that’s based on the principle of “Shared Risk.”
“The unwinding of QE is a place we have never been before," says Phil Chiricotti, president of CFDD. The effects, and the end, of quantitative easing were also on the minds of Vanguard's Ken Volpert and the analysts at Cerulli Associates.
The rate suppression that QE has imposed on developed countries since 2009 triggered a search for yield that flooded emerging economies with short-term “hot” money, warns the former chairman of Morgan Stanley Asia.
Francois Hollande’s government conspicuously ignored some of the recommendations that the European Commission had made to it regarding pension reform.
The IRI explains why people would purchase a DIA and how they can use DIAs (by creating sequential or overlapping layers of DIA income in retirement) to maintain inflation-protected income throughout retirement.
“If the DOL requires lifetime income illustrations to be provided on participant statements, sponsors and service providers should have the flexibility to project retirement income using a systematic withdrawal approach,” Vanguard’s official comment letter said.
Brief or late-breaking items from Beacon Research, Athene Annuity, ADP, ING U.S., and Ruark Consulting.