‘The Big Short’ Is No Tall Tale

'The Big Short,' in which the actress Margot Roddie (above) provides exposition from her bath, is an excellent docudrama based on Michael Lewis' bestseller. It blames the financial crisis on private-sector fraud and stupidity, not on ACORN, the GSEs or Barney Frank.

Research Roundup

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.'

An Annuity’s ‘Moneyness’? There’s an App for That

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.

A Chip Off the Old Rock?

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.
Featured

Vanguard keeps dominating fund flows

Through Nov. 30, Vanguard mutual funds received more net inflows than the next nine fund companies combined, according to Cerulli Associates. (Photo of Vanguard founder Jack Bogle.)

RIJ’s 20 Top Events for 2016

Here are 20 events that RIJ would like to attend in 2016. We'll try to reach as many of them as we can.
News

‘The Big Short’ Is No Tall Tale

'The Big Short,' in which the actress Margot Roddie (above) provides exposition from her bath, is an excellent docudrama based on Michael Lewis' bestseller. It blames the financial crisis on private-sector fraud and stupidity, not on ACORN, the GSEs or Barney Frank.

Stick to a Plan? Few Retirees Do: Hearts & Wallets

'Many retirees practice a “chunk or nothing” spending pattern, consuming from 0% to 9% or more of principal annually rather than drawing down savings at sustainable rates,' according to a new study from the research firm Hearts & Wallets.