Send in the Robots (Don’t Bother, They’re Here)

At the "T3" financial software trade show last week, a pair of robots warmed up the crowd with jokes about the limitations of high-tech planning tools. RIJ visited with reps from three tech firms: RetireUp, AskTRAK and Riskalyze.

Three Annuity Cures for Sequence Risk

New York Life and Fidelity have introduced a variable annuity with principal-protection over 10 years. Similar protection could be obtained with an indexed annuity or with a combination of a fixed rate annuity and an S&P500 index fund.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
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Anecdotal Evidence

BlackRock’s Non-Insured Path to Predictable Income

The five new CoRI Funds may appeal to near-retirees who currently have a lot of money in bond funds and are afraid that those funds will lose value as interest rates rise. The funds could, in theory, could protect them from sequence-of-returns risk.
Anecdotal Evidence

The Dollar and the Damage Done

The Fed should adjust its rhetoric and, if necessary, its policies to reflect the fact that its actions disproportionately affect other countries, with repercussions on the US economy, writes the noted UC-Berkeley political economist.
News
Anecdotal Evidence

U.S. economy faces four headwinds, economist warns

Economist Robert J. Gordon of Northwestern disagrees with the “techno-optimists” who believe that the U.S. is on the cusp of a surge in technological change. He thinks we’re already well into an innovation slowdown.
Anecdotal Evidence

2014 will be a good year for insurers: Conning

"Regulatory convergence and complexity are commanding insurer attention and resources. Fragmented economic growth is creating new pockets of growth, while challenging established markets," says Conning's 2014 U.S. and Global Insurance Industry Outlook.
Anecdotal Evidence

What Boomers want, and when they want it: Hearts & Wallets

“Advice source consolidation begins three to four years ahead of retirement, heats up during the retirement event and continues the first three to four years of retirement,” said the Boston-area firm's latest study. (Photo: H&W's Laura Varas).
Anecdotal Evidence

MetLife exits U.K. bulk annuity market

The MetLife-Rothesay deal, still subject to regulatory approval, will move around £3bn (€3.7bn and $5.1 billion) in assets between the insurers.