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.
Pfau's new book shows the benefits of replacing bonds with annuities for less risk and more income in retirement.
A fee-only adviser in Philadelphia used 'medically underwritten' or impaired annuities from Mutual of Omaha to increase the retirement incomes of older, single men in declining health.
This case study from Securities America uses life insurance to help a 'constrained' mass-affluent retired couple protect the surviving spouse from a partial loss of pension and Social Security income.
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.