Can’t Do The Math

You knew it all along, but now there's evidence. Most Americans are financially illiterate. Experts wonder how the millions who don't understand compound interest can possibly fashion successful retirements.

The Sacrificial Payroll Tax

Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.

An Income-Generating ‘Collar’

Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?

Life Insurers’ Bermuda Triangle, Part II

The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Featured

The Passion of Anna

Economist Annamaria Lusardi started studying financial literacy in 2000. She soon realized that it's not a luxury for the few. It's an empowerment tool for the many.

Test Your Financial Sophistication

Here are 18 true-or-false questions that economists asked Americans over age 55. The average score among the college-educated was 68%. Perhaps you'll fare better.
News

New York Life SPIA Sales Up 35% in 2009

In the third quarter, the largest U.S. mutual life insurer led all issuers in sales of fixed immediate annuities and sales of fixed annuities in the bank channel.

The Medical-Industrial Complex

Thirty years ago, Arnold Relman coined the term, "medical-industrial complex." He calls the Senate health care bill "half a loaf," but hopes it passes.