Two recent reports from different organizations paint very different portraits of retirement readiness in the U.S.
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
E*Trade, TD Ameritrade and Merrill Edge all dangle a $600 signing bonus to people who open new brokerage accounts with cash--lots and lots of cash, it turns out.
West Coast CFP, CPA and RICP Robert Klein has jumped on the retirement bandwagon, recasting his business as the Retirement Income Center, becoming a MarketWatch RetireMentor and putting fixed indexed annuities at the center of his practice.
At any given life stage, a new research paper says, people tend to manage their investments in one of three ways: by doing nothing (“inertia”), by doing it themselves (“self-management”) or by consulting a financial advisor (“delegation”).
The Czech experiment with a voluntary, auto-enrolled national defined contribution plan (a "second pillar" plan to supplement the primary pay-as-you-go plan) will end. Balances will be rolled into the optional "third pillar" supplemental pension. Confusing? Czech!
By using the managed-volatility funds, VA contract owners can get a lifetime withdrawal benefit rider without having to put at least 30% of their assets in fixed income investments.
Overall, Fitch’s near-term outlook for the life insurance industry was “stable,” assuming no major interest rate spikes, no international crises and a continuation of the weak recovery, modest GDP growth and high unemployment.
In a linguistic gesture that may dismay some fund companies, the report refers to “volatility funds" when describing managed-volatility funds.