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 annuity, which can be annuitized.
Last Tuesday was Groundhog Day. The event reminded me of the Bill Murray movie, which reminded me of Washington, D.C., where our legislators seem happy to take the same positions in the same policy disputes over and over and over.
In a recent survey by Cerulli Associates, technology was tied for the top spot among the factors most frequently cited by advisors as influencing their decision to join a broker-dealer.
'Biden will equalize benefits across the income scale, so working families also receive substantial tax benefits' when they save, a former official told the Financial Services Institute.
Nationwide announced last October that it would release a series of five new products for the 401(k) market. Today it announced Lifetime Income Builder, a fixed indexed annuity with a lifetime income rider.