'Retirement 2020’s managed payout program is not a 5% withdrawal annually; rather, it pays 5% of the rolling 60-month NAV,” a T. Rowe Price spokesperson told RIJ. 'The participant maintains the same number of shares as distributions are paid.'
The contract's current caps on one-year credited interest range from 15.25% to 17% (for the buffer option) and from 13.5% to 15.5% (for the floor option), depending on the index chosen.
In a decade's worth of presentations, books and research papers, Pfau has arguably pierced the resistance of independent advisers to the floor-and-upside retirement income method (and to annuities) to a degree that others have not.
The partnership, still in its early stages, will end up 'disrupting the retirement income landscape,' an Allianz SE board member said.
'The Fed’s story is confusing to us. Not only do we think lower rates are unnecessary, they are unlikely to help the Fed achieve its goals. Instead, Trump should focus on trade agreements around the world,' writes our guest columnist.
Fidelity, in pursuit of Vanguard, bolsters its index fund line-up; Subscription-based advice resonates with investors: Schwab; 'Wealth' costs more than $1 million these days: Ameriprise; Global Atlantic to educate advisors on income planning.