Insurance U. Becomes Retirement U.

Conceived by Solomon Huebner (pictured in the 1950s) to give life insurance salesmen a professional gloss, The American College has, with money from New York Life, become Retirement Income U. Its RICP designation has 2,000 grads and another 8,000 enrollees.

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 RICP, as Seen By Three Graduates of the Program

David W. Smiley, CFP, RICP, of Oxford Asset Management in Durango, CO, Troy Miller, RICP, of Hilliard Lyons in Louisville, KY, and Curtis Cloke, CLTC, RICP, owner of Thrive Income in Burlington, IA, offer their perspectives on The American College's Retirement Income Certified Professional program. (This story accompanies today's cover feature.)

Where an Advisor Can Make a Big Difference

'When one retires now has a much greater effect on one’s retirement income, but workers lack cultural or clearly marked financial incentives to indicate when to retire, and are ill-equipped to estimate the financial implications,' writes Steve Sass of the Center for Retirement Research at Boston College.
News

Hybrid robo-advisors will eclipse pure robo: Swiss report

'The robo model of investment portfolio management will be good enough in the eyes of a larger proportion of investors than the wealth management industry itself yet seems ready to recognize,' an analyst at MyPrivateBanking Research said in a release.

‘No time for complacency,’ A.M. Best warns annuity issuers

In 2016, life and annuity companies will face increasing life expectancy trends, the rise of cyber risk as a life “catastrophic” event and increasing investment risk from traditional and non-traditional asset classes, according to A.M. Best.