In a recent paper, two Vanguard CFPs detail the merits of a hybrid between the ‘turtle’ and the ‘rabbit’ approaches to decumulation.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
A slower rate of population growth in 2010-2050, suggested by the recent census, implies a generally richer 2050, with higher per capita income growth and better opportunities at the bottom of the earnings pyramid, both unalloyed blessings, says Martin Hutchinson of prudentbear.com.
If made permanent, a new Social Security ‘payroll tax holiday,’ reducing the ‘match’ employers pay from 6% to 4% of salary, will drop the solvency of the program 14 years, from 2037 to 2023, two policy experts say.
The SEC is conducting a study, required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, to investigate the feasibility and desirability of standardizing credit rating methods and terminology.
“Among individuals predicted to be at highest risk of being unemployed, a one percentage point increase in the resident state's unemployment rate is associated with a 2-8% reduction in the consumption of fruits and vegetables," researchers said.
Before the new rule, the government didn’t have a way to verify if an investor was reporting the true gain on a sale unless there was an audit, said an Ernst & Young tax partner.
Research from Mintel shows that more than six in 10 investors—including high income investors--say they don’t invest in ETFs simply because they “don't know what they are.”
The new standards will help the providers share the comparison chart information electronically with one another and with existing investment information aggregators, the institute says.