Louis S. Harvey is president and CEO of Dalbar, Inc., a Boston-based research firm that performs a variety of evaluations and quality ratings of financial services practices and communications.
Three retirement experts talk about boring products that you might wish you owned right now: I-Bonds, cash value life insurance and annuities.
Franklin Templeton SVP Drew Carrington says his firm's Defined Maturity Funds, which work like bond ladders, could provide retirement income for 401(k) participants, and could be paired with qualified longevity annuity contracts.
A mortality and longevity expert at Willis Towers Watson writes that 'the variability of the mortality impact by age makes the impact highly variable by type of insurer.'
In the world as it is, we are all Japan in the early 1990’s, looking ahead to two or more decades of lost economic growth, observes the economist at U-C Berkeley.
The product, which may be unprecedented, merges the most popular annuity options with the most basic annuity chassis. It’s a little like opting for heated leather seats, turbo and a Pandora radio link in a Hyundai Accent.
“The U.S. bull market is aging,” said Bill Stromberg, T. Rowe Price’s head of equity. “International investments, especially in emerging markets, represent the best long-term value from here in fixed income and equity.”
The risk is assumed by third-party investors and reinsurers, including SCOR, a €32.6 billion reinsurer operating in 31 countries.
The new managed-vol funds include three from American Funds that use the Milliman risk management technique, along with the Federated Managed Tail Risk Fund II and the Goldman Sachs Variable Insurance Trust Global Markets Navigator Fund.
Gary Snisky is charged with telling elderly investors that he would invest their money in government-backed agency bonds. Instead, he used $2.8 million of investor funds to pay his salesmen and to make mortgage payments on his own home, the SEC said.
Chicago's glittering downtown may be stunning, but the Illinois state pension system is underfunded by an estimated $100 billion and the state has the worst credit rating in the nation.