With 4.8 million people, Costa Rica’s problems are comparable to those of a big U.S. city, like Los Angeles or Chicago. Yet the tensions of a large U.S. city seem absent here, as the famously warm and friendly 'Ticos' go about their business. (Photo: Traffic in San Jose)
The house was for sale. Its mystical vibe seduced them into paying $150,000 in cash. Monkeys, sloths, macaws, butterflies and gekkos would be their neighbors as the couple aged. 'It was definitely impulsive,' the musician told RIJ.
How do Costa Ricans pay for retirement? In San Jose, Alvaro Ramos Chaves (above), the pensions regulator, told RIJ how his nation’s mandatory DB and DC plans work. His insights could inform our own debates.
The next wave of automation in retirement plans will be chatbots--intelligent virtual assistants that both teach and learn from participants. Dream Forward, a startup led by Grant Easterbrook, is seizing the opportunity.
'We believe the probability of the Fed raising rates three times in 2017 is less than what the market has begun to price in post the Donald Trump election,' writes the William Blair Funds portfolio manager.
If the DOL rule is removed or neutered, then financial services firms may have more autonomy in choosing how to use the savings that digital automation brings: To raise shareholder profits or lower customer fees. It will depend on their particular business models.
'To the extent allowed by law, any new incremental costs associated with new regulations must be offset by the elimination of existing costs associated with at least two prior regulations,' says one of President Trump's new executive orders.
The new issue contains articles by Wade Pfau, Joe Tomlinson and Steve Vernon; John Turner, Andrew Biggs, and other eminent retirement researchers.
Brief or late-breaking items from Edward Jones, Hanlon Investment Management, Pantheon and Transamerica/Aegon.