The SECURE Act Set To Pass (Finally)

'This is an early Christmas present,' said Melissa Kahn, managing director of the Defined Contribution team at State Street Global Advisors (SSgA), in an interview yesterday.
Anecdotal Evidence

An HNW Adviser’s Personal Income Plan

Besides deferred income annuities, Alex Powers of Bergen County, NJ, holds a sprinkling of real estate investment trusts (REITs), along with long-duration bonds, junk bonds, closed-end funds, gold, and index funds.

Size matters, Cerulli tells plan providers

With estimates that the 10-largest recordkeepers will represent more than 75% of recordkept 401(k) assets by year-end 2019, current market dynamics point to an 'oligarchy' of retirement plan providers, a Cerulli analyst said.

New annuity ‘best interest’ rule from NAIC

The new Model would impose a best interest standard on sales and recommendations by insurance producers of annuity products, which is a higher standard than the currently applicable suitability requirements although it does not rise to the level of a fiduciary duty.

Schwab adds hybrid robo income distribution service

Schwab Intelligent Portfolios has a $5,000 minimum and charges no advisory fee. Schwab Intelligent Portfolios Premium has a $25,000 minimum and charges an initial one-time $300 fee for planning and a $30 monthly subscription ($90 billed quarterly).

Retirement Income Journal takes a holiday

The next issue of Retirement Income Journal will appear on January 9, 2020, after the Christmas and New Year holidays. Best wishes to all our subscribers and advertisers! You've made RIJ possible for over 10 years.


December 12, 2019

A Few of Our Best Income Strategies

For today’s issue of RIJ, we’ve retrieved several of our best income-planning articles from our archives. In each case, the adviser goes beyond the “safe withdrawal” method to design a customized, outcome-driven solution for...
December 5, 2019

‘SIMON’ Makes Indexed Annuities Simpler

Originally a platform for distributing structured notes to broker-dealers, SIMON is adding index-linked annuities to its product suite. Prudential is both an investor and, as of today, a product provider.
November 28, 2019

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.