In this video, Retirement Income Journal publisher and editor Kerry Pechter chats with David Littell of The American College about opportunities and challenges that await advisers who choose to specialize in retirement income planning.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
Contributions by young workers to President Obama's proposed MyRA accounts go into a government bond fund. Does that policy contradict the conventional wisdom that young people should invest mainly in stocks?
"In the past year or two, we’ve seen the introduction of 80 actively managed ETFs," writes Russell Wild, the author of ETFs for Dummies. "But they have not exactly set the investment world on fire..."
The new Morgan Stanley Dynamic Allocation Index option on Security Benefit's Secure Income Annuity fixed index annuity offers exposure to a mixture of equity, fixed income and alternative assets that's rebalanced four times a month. It has uncapped crediting.
"The real question is whether there is a significant price difference between index funds and ETFs, and will it matter in the small and mid-size market?" commented Fred Barstein of TRAU on the new Schwab offering.
Principal Financial has licensed the same RIS tool that ManuLife, John Hancock and Pacific Life have also licensed from Moshe Milevsky's QWeMA Group, which he sold to CANNEX last year. The CANNEX PAY Index is QWeMA's latest project.
Despite growing confidence among women, “Irrational fears about losing it all and becoming a bag lady remain,” said Katie Libbe, Allianz Life vice president of Consumer Insights, which sponsored the newly released “2013 Women, Money & Power Study."
"The need to fund our involvement in World War I moved income taxes to the center of federal finances," the U.S. Census Bureau reported this week, in noting the centenary of the birth of the national tax on earned income.