Illinois Mandates Workplace Retirement Plans

Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above, co-sponsored the Secure Choice Savings Program Act.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
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It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
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The Fed Sets Another Trap

"The Fed’s incrementalism of 2004-2006 was a policy blunder of epic proportions... The Fed seems poised to make a similar – and possibly even more serious – misstep in the current environment," writes the former chairman of Morgan Stanley Asia.
Anecdotal Evidence

Illinois Mandates Workplace Retirement Plans

Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above, co-sponsored the Secure Choice Savings Program Act.
Anecdotal Evidence

High Valuations Carry a Cost: Prudential

"When rates rise, something always breaks. There’s no telling what asset class may start the ball rolling, but it can’t come as a surprise," said Quincy Krosby, a Prudential market strategist, at the firm's 2015 Global Economic and Retirement Outlook presentation.
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U.S. seeks public comment on asset management risks

The Financial Security Oversight Council has decided to undertake a "more focused analysis of industry-wide products and activities to assess potential risks associated with the asset management industry."