Dual-account products offer the best of both worlds: low-cost tax-deferral with the option to move assets dynamically into a guaranteed lifetime payout vehicle over time.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
An actuary-turned-entrepreneur claims to have invented a cheap, benign, versatile new income distribution tool. But he’s coyly cryptic about its secret sauce.
The complexity of the typical retiree's cash flows makes it nearly impossible for a planner to apply a simple rule of thumb like the 4% strategy, even if he or she wanted to.
After studying the genomes of centenarians in New England, two Boston University researchers say they have identified a set of genetic variants that predicts extreme longevity with 77% accuracy.
New account openings increased significantly in the first four months of the year, driven by Roth IRA conversion activity and the use of Roth IRAs as a savings vehicle.
Without giving up the investment objectives offered by actively managed funds, participants in 401(k) plans could pay much lower costs on their assets by shifting to ETFs and commingled trusts, a Center for Retirement Research report said.
It is the lack of global aggregate demand—resulting from too much debt in parts of the global economy and not enough in others--that is the essence of the problem, PIMCO's CIO wrote in his latest column.
Among risk assets, domestic stock funds were down 19% as a proportion of assets held, while foreign stock funds were down 28%, with a correspondingly positive growth in domestic and international bond funds.