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.
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
Shopping for an annuity, like shopping for a car, involves questions about the manufacturer of the product. Do their products perform as expected? Will service quality be high? Are they likely to stay in business? We show you where to look for answers.
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
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).