Systematic withdrawals from 401(k) plans are a widely-available but rarely-used way to create retirement income. Perhaps because electronic transfers are virtually free, nobody's championing them.
Micruity, a tech startup with a 30-year-old CEO, says it has the "middleware" that can integrate 401(k) plans and annuity issuers. Will the retirement industry listen?
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 DOL proposal will not make investment advice a commodity; it is a commodity. The DOL isn’t going to make thousands of financial salespeople obsolete; the digital advisory channel already has.
David Macchia is the head of Wealth2K, a Boston-based retirement income software company.
Last year, Gov. Christie cut $1.6 billion from the state's fiscal 2015 public pension contribution, claiming that the state could not afford it.