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.

Tell Us What You Really Think

At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.

Why Indexed Annuity Sales Are So Strong

Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?

Lessons from a Living (DC) Experiment

Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
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.