The Stag Brings Back GLWBs

In an about-face on VAs, The Hartford has gone back to the GLWB, tempering its risks with a CPPI fund. The arrival of Steve Kluever from Jackson National in March reflects the new thinking.

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.)
Anecdotal Evidence

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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Anecdotal Evidence

NYLife Targets VA Buyers with New DIA

The new multi-premium contract allows a person to build a personal pension with a series of contributions leading to lifetime income beginning at a pre-determined but flexible start date.
News
Anecdotal Evidence

Couples readier for retirement than singles: RAND

A 30% reduction in Social Security benefits would reduce the percentage of married people who are adequately prepared for retirement by 7.8 percentage points and the percentage of single people by 10.7 percentage points, two RAND economists found.
Anecdotal Evidence

Actuary to Congress: Raise SS retirement age

Even in 1940, however, men who reached age 65 had an average life expectancy of 12.7 years—meaning that half lived longer than that. (Albus Dumbledore was nearly 116 years old when Severus Snape killed him.)
Anecdotal Evidence

Austria urged to thwart early retirement

Though Austria’s statutory retirement ages are 65 for men and 60 for women, Austrian men retire at age 58.9 on average while women retire at age 57.5 on average.
Anecdotal Evidence

The Bucket

Brief or late-breaking items from Morningstar, Milliman, Vanguard, Allianz Life, Great-West Retirement Services and MassMutual.
Anecdotal Evidence

Summer Cliffhangers in the VA Soap Opera

Mr. McDonnell publishes Soleares Research, a website devoted to variable annuity industry news. Here's his take on the latest trends in VA contracts.
Anecdotal Evidence

The Journal Plays Gotcha! with EBRI

In a July 7 article, the Wall Street Journal reported that auto-enrollment in 401(k) plans has backfired, sticking some people at a lower contribution rate than they might have elected. In its desire for a man-bites-dog story, the Journal overreached.