Three pioneers in the creative use of annuities in retirement portfolios--Wade Pfau, Joe Tomlinson, and Steve Vernon--have created an "efficient frontier" for deferred income annuities in two reports published in November by the Society of Actuaries.
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
Ron Surz, the target date fund authority, is back with his annual market retrospective and forecast. He apologizes for missing the mark last year (he predicted a 19% drop in 2015), but believes that equity markets won't escape the bear this year.
'There is a high likelihood of an extended pause in interest rates at, say, 1%, that opens the door for balance-sheet normalization and leaves the inflation-adjusted federal funds rate negative through 2017,' say Vanguard economists in a new Global Outlook.
“We heard feedback from advisors that their clients the flexibility to adapt to changing conditions,” said MetLife executive Elizabeth Forget in a release.
“The merger boom is a longer-term negative signal for U.S. equities,” said David Santschi, chief executive officer at TrimTabs.