Ready or Not for the Next Recession?

'Expansions don’t last forever. A storm will surely come, and when it does, we will be poorly prepared for the deluge," writes the author and macroeconomist at the University of California-Berkeley.

IRAs now account for 25% of retirement savings: EBRI

The average balance for all IRAs grew by about 50% during the 2010-2015 time frame, to about $146,000. People 70 years old and older had the highest average ($229,000) and median ($81,000) balances.

Morningstar’s Take on Income Annuities

In a recent article, Morningstar's Canadian research director shows, mathematically, how one might use term life insurance and income annuities (in sequence) to cope with one of life's known unknowns: the date of our own death.

Quote of the Week

'Anything can make or break a market,' Tighe explained in his delicate brogue, 'from the failure of a bank to the rumor that your second cousin's grandmother has a cold. It's a most unusual world, Cowperwood. No man can explain it. I've seen breaks in stocks that you could never explain at all--no one could... My God, the rumors of the stock exchange! They beat the devil.' -- from The Financier, by Theodore Dreiser.


January 11, 2018

The Elusive ROI of Financial Wellness Efforts

Estimates for the return-on-investment from financial wellness programs vary. One source puts the savings at $50 per employee per year for every incremental (1 to 10) increase in average financial fitness. Another says programs...
January 4, 2018

Jellyvision Knows Financial Wellness

In this first of a two-part series on financial wellness, RIJ talks with the customer insight chief of a leading vendor in the field. 'We ask, ‘Where is the pain that’s costing employers money,...