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.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
Featured
Anecdotal Evidence

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.
Anecdotal Evidence

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
Anecdotal Evidence

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!
Anecdotal Evidence

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.
Anecdotal Evidence

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.
Anecdotal Evidence

A.M. Best issues life/annuity M&A trend report

A June 19 report from A.M. Best offers a summary of recent merger history in the life/annuity industry along with an analysis of trends driving the industry.
Anecdotal Evidence

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.