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.
A mountain biker needs 18 or 21 gears to smooth a path over rocks and through arroyos. Index-linked annuities now collectively offer some 140 index choices. Hybrid indices can theoretically smooth an investor’s path through rocky markets--but they're complicated.
Every June, RIJ focuses on indexed annuities. Last year, we studied options in indexed annuities. This year we consider the indexes themselves, especially 'hybrid' and 'volatility-controlled' indexes. Bryan Anderson, Don Dady and David Lau weighed in.
In this month's roundup, we learn that CEOs pay little attention to inflation. We also find out why retirees keep saving, why "centaurs" pick stocks so well, which financial biases keep people poor, and how working longer affects male mortality.
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.)
'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.
'Usually if a client brings up something new in a meeting, you have to go back to the home office to see how it will affect the annuities in the plan. With this, you just tap a button,” said RetireUp CEO Dan Santner.
'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.
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.