Measuring You for an ERISA Suit

There are “people out there” who are “running algorithms to spot good targets for excessive fees lawsuits,” said Jason Roberts, CEO of Pension Resource Institute in Manhattan Beach, Calif.

Who Rules the Top 1%?

Private businesses and partnerships lead most often to the top wealth brackets in the U.S., new research shows. In this edition of Research Roundup, we bring you summaries of research on variable annuity sales, the Fed's response to the March 2020 crash, and more.

The Sacrificial Payroll Tax

Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.

An Income-Generating ‘Collar’

Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?
Featured

A Sudden U-Turn in Bond Flows

Since I (full disclosure) own shares in Vanguard Total Bond Market Index Fund, I feel compelled to fret. So I spoke with Chris Philips, a senior market strategist in Vanguard’s Investment Strategy Group.

Wharton professor challenges value of annuities

A Wharton School professor, Kent Smetters (left) and a Congressional Budget Office researcher suggest that the low level of annuitization by Americans demonstrates their common sense.
News

Declaration of independence

Retirement Income Journal will observe the national holiday with a brief hiatus from publication. We will resume e-mail broadcasting with the July 8 edition of RIJAdvisor. Go 4th, and multiply!

Going Dutch on pension reform

Dutch workers both young and old now expect smaller pensions than their current retirees enjoy. But their expectations may need to drop even lower if the “tax-facilitated accrual rate” falls to 1.75% a year from 2.25% under pending pension reform.

Cost of elderly care in 2011 was >$400bn: CBO

A new study estimates that more than two-thirds of 65-year-olds will need help dealing with a loss in functioning at some time during their remaining years of life. Article provides link to data-rich pdf.

The Bucket

Brief or late-breaking items from Genworth, Dimensional Fund Advisors, American General, and Northern Trust. Plus, a letter dated today from Sen. Max Baucus (D-MT) and Sen. Orrin Hatch (R-UT) soliciting input from colleagues on tax reform, with a focus on the impact of eliminating tax expenditures.