New York Life Remixes the Variable Annuity

You've heard of New York Life's Guaranteed Future Income, where clients pay today for lifetime income several years from now. A new NYL product, Income Plus, also locks in future income, but lets policyholders put some money at risk during the waiting period, a recent prospectus shows.
Income Strategies

Two Client-Centric Income Strategies

We compare two easy-as-pie annuity strategies: Income starting at age 80 versus guaranteed income for the first 10 years of retirement. One hedges longevity risk, the other hedges sequence risk, and neither ties up more than 25% of savings.
Income Strategies

Money Myths, Legal Realities

At a conference at Harvard Law School called "Money as a Democratic Medium," law professors debated the origins, purposes, and rightful ownership of money in the modern era. (Photo: Bil Lewis portraying President James Madison, at the conference.)
Anecdotal Evidence

BlackRock, Microsoft & Retirement: What’s Up?

BlackRock and Microsoft's cryptic announcement of a new partnership on a platform for plan participants has puzzled industry executives, who shared their views 'on background' with RIJ. (Pictured: A rendering of the future neighborhood of BlackRock's new headquarters in New York.)
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Anecdotal Evidence

Harold Evensky at Wharton

Advisors in particular will be interesting in Harold Evensky's comments on retirement income planning during this 39-minute after-dinner talk and slide presentation at the Pension Research Council's meeting in Philadelphia last May.
News