Mr. Obama has ordered the creation (on a pilot basis) of a "myRA" program, bringing closer to fruition a multi-year effort by liberal policymakers to expand access to workplace retirement savings plans. The illustration is of myRA's cousin VERA.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
The shortcomings of the voluntary retirement savings system in the U.S. should no longer be ignored, writes our guest columnist, the co-founder, president and CEO of Convergent Retirement Plan Solutions LLC, a participant training provider.
"After more than five years, QE has arguably entrenched expectations for continued low or even negative real interest rates – acting more like addictive painkillers than powerful antibiotics," writes this columnist, the former chairman of Morgan Stanley Asia.
In two surveys, Cogent Reports (formerly Cogent Research), a unit of Market Strategies International since last May, asked plan advisors and investors to name the most familiar DC providers and rollover destinations, respectively.
Protesters have argued that people should be able to decide what happens to their salaries, and that any supplementary pension payment should be voluntary, IPE.com reported.
Brief or late-breaking items from: T. Rowe Price, MassMutual and TD Ameritrade.
It's reassuring to know that airline pilots like to think ahead, rather than wait for accidents (financial or flight-related) to happen.
"We are undoubtedly living with many delusions that we do not even realize"--Nate Silver, in The Signal and the Noise (2012).