If more 401(k) plans offered systematic withdrawals, more money might stay in 401(k)s, and the DOL might not need to attempt the difficult and divisive task of policing rollover IRAs.
AARP's 38 million members can now buy income annuities and fixed-rate annuities on a platform powered by fintech firm Blueprint Income. Buyers get a complimentary annual 'retirement income check-up' from a salaried, insurance-licensed adviser.
The Treasury said this week that it will borrow (and spend) about $3 trillion this quarter, to cover its stimulus promises. Where does that money come from and where does it go? 'The capital is going from one pocket to another,' explains Vanguard's active Treasury fund manager, who expects the stimulus to be withdrawn in 2022.
During a market crisis, a reverse mortgage home equity line of credit (ReLOC) can be a lifeline of ready cash for homeowners ages 62 and older. Don Graves of HECM Advisors Group explains.
At the InVest financial technology conference in Manhattan last week, hundreds of robo-advisors, vulture capitalists, and Wall Street firms gathered to contemplate a prosperous and collaborative future.
A portion of the hearing will focus on the Department’s Regulatory Impact Analysis, which addresses the potential or anticipated economic effects of the proposal, and the relative merits of certain regulatory alternatives.
With respect to variable annuities, the SEC and FINRA said they found evidence of potentially unsuitable sales to seniors at 34% of the 44 broker-dealers they examined.
The global reinsurer points out that support for asset prices doesn't produce real growth, and that an aging population doesn't bode well for growth, but that developing a liquid market for infrastructure bonds might be the ticket to true recovery.