Which ‘Dependency Ratio’ Should We Use?

Economists typically use the 'aged dependency ratio' to show the burden of the Social Security program on workers. But the 'total dependency ratio' might be more informative. (Photo by Johann Walter Bantz.)

Britain passes landmark pension legislation

The legislation provides for the creation of collective defined contribution (CDC) schemes, which are hybrids of DC and defined benefit plans. It also boosts the powers of The Pensions Regulator (TPR), according to IPE.com.
Anecdotal Evidence

Who Stormed the Capitol? Future Retirees

Everyone at the Capitol on Jan. 6 will be a retiree. To understand their anger, and its implications, I attended a Brookings Institution webcast this week on 'rage and reconciliation'.

Honorable Mention

Pacific Life to distribute two fee-based annuities; NARSSA sets up platform to support accredited Social Security experts; PGIM Investments announces over $21 billion in net fund flows for 2020; Equitable launches institutional retirement service.


February 4, 2021

Boola-Boola, Retirement Moolah

Yale's $7 billion 403(b) plan offers TIAA's RetirePlus Pro target-date solution to its 27,000 active and retired participants. The portfolios use Vanguard and TIAA CREF funds, and a liquid version of the TIAA Traditional...
January 28, 2021

How to Solve the World’s Retirement Crisis

Retrofitting 401(k) plans with lifetime income options is one of the thorniest challenges of our time. We describe three possible solutions to that puzzle, from Nobelist Robert Merton and others, that were featured recently...
January 22, 2021

NY Life, Schwab Flex Their Annuity Muscles

New York Life's new IndexFlex VA has a fixed indexed sleeve--the insurer's first index-linked offering. Charles Schwab's Genesis VA (issued by Protective Life) has lots of income optionality. The two contracts enter a struggling...