"Even if the fund says ‘value,’ there’s no likelihood that it’s a value fund,” said Martin Lettau of UC-Berkeley, co-author of a study showing that Dimensional's value funds may be the only funds in the US that hold primarily high book-to-value stocks.
The bill proposes slowly raising the payroll tax by 1.2 percentage points for employers and employees over the next 23 years, and applies the payroll tax to incomes above $400,000 in addition to those below $132,900 (per current law).
'The stock market’s slide late last year was unnerving... Our sense was that the economic fundamentals remained solid and that the selloff was nothing more than exaggerated stock market noise,' writes our guest columnist, an economist.
The two dozen life insurers and asset managers in the Alliance for Lifetime Income have purchased sole signage sponsorship of the Rolling Stones 2019 US tour. The Alliance expects its message to reach 1.5 million concert-goers and 24 million more people through social media. But is the campaign too subtle to sell annuities?
Sweeping bipartisan retirement bill reintroduced; OneAmerica and Broadridge create Collective Investment Trust data resource; Empower launches Snapchat and Instagram campaigns; Equity funds rebound in January: TrimTabs; Oregon auto-IRA program gathers momentum.