The overlap of Social Security policy and behavioral finance was the subject of several papers aired at the Retirement Research Consortium’s 20th annual meeting last week. Economists are trying to figure out the best way to refresh Social Security finances before reserves run out in 2034.
Since November 2016, the direction of retirement policy in the U.S. has reversed. Legislators, not bureaucrats, are in the lead. The SEC, not DOL is in charge of ethics. Industry-led initiatives, not consumer initiatives, are gathering support. It's a dramatic shift.
The Treasury Department will transfer the remaining unclaimed IRA assets in the canceled Obama-era workplace savings program from Comerica Bank, the original custodian.
'Aggregate variable annuity mortality has declined 3% since 2015, attributable to a combination of underlying mortality improvement and changes in business mix,' according to Ruark Consulting LLC.
Reddy was previously the senior vice president and head of Full Service Investments for Prudential Retirement where he was responsible for the investments and retirement income businesses.
'The Fed should maintain the interest rate glide path it has described, which will boost the funds rate to the 3.2% mark by the end of next year and on to 3.4% by mid-2020,' writes our guest columnist.
Eagle Select Focus 5 offers a new allocation option with the uncapped upside that investors seem to prefer: the 'S&P 500 Dividend Aristocrats Daily Risk Control 5% Excess Return with Participation Rate.'
Morningstar Investment Management LLC will provide the glide path, portfolio construction and ongoing management for each of the portfolio strategies.
Retirement Income Journal will take a two-week hiatus, returning with the August 30 issue.