Baltimore radiologist Dimitri Merine hopes to retire in seven years, at age 63. So he created a do-it-yourself retirement income plan, using systematic withdrawals, dividends, a bond ladder and a deferred income annuity.
Private businesses and partnerships lead most often to the top wealth brackets in the U.S., new research shows. In this edition of Research Roundup, we bring you summaries of research on variable annuity sales, the Fed's response to the March 2020 crash, and more.
Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.
Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?
A new report from the American Academy of Actuaries posits four basic principles that, if followed, it believes will lead to better pension plans and more secure retirements for participants. Relieving employers of plan sponsorship is one idea.
This week, BlackRock has created a combined United States Retirement Group (USRG) to coordinate and grow its sales into the DC and IRA markets. Chip Castille will be CEO and Bruce Wolfe, formerly of Allianz Global Investors, will be COO.
The three biggest types of providers of financial services to the wealthy are the so-called wirehouses, with $2.4 trillion, private client groups, with $1.4 trillion, and state-registered trust companies, with $446 billion, according to new research from Cerulli Associates.
Washington, D.C.-based HelloWallet, provides automated, Internet-mediated financial guidance. Founded and led by 38-year-old political scientist Matt Fellowes, it has financial backing from Morningstar, Inc., TD Fund, Grotech Ventures, and Revolution LLC.
For many, the achievement of an adequate income replacement rate in retirement may require having 30 years' access to a 401(k) plan and undiminished Social Security benefits, according to the Employee Benefit Research Institute.
“American dream” means different things to different people. About 80% of older Boomers consider it to mean home ownership and financial independence, while younger people “focus on developing a monthly budget,” according to MassMutual.