T. Rowe Price Reopens the Market for Payout Funds

Managed payout funds haven't gotten much traction in the last decade. But T. Rowe Price hopes that its target-date fund/payout fund hybrid, the Retirement Income 2020 Fund, will help it retain money that rolls out of its retirement plans.

Cloudy with a Chance of Lawsuits

If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know for sure.

This Couple Needs Your Advice

These two people, ages 64 and 63, have a combined net worth of about $2.5 million. They're looking for ways to generate income in retirement. Here are some specifics about their finances. What would you recommend?

Morningstar Enters the Indexed Age

Just in time for the activation of the DOL fiduciary rule, Morningstar has expanded its Annuity Intelligence resources to include indexed and fixed annuities.
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When Growth is Not Enough

'It may be that the most rhetorically populist president since Andrew Jackson will, in practice, not be populist enough,' writes the former Fed chairman in this excerpt from an address this week to the European Central Bank Forum on Central Banking in Sintra, Portugal.

Affluent People on Medicaid? It Can Happen

Only six percent of Medicaid recipients use nursing homes, but their bills account for 42% of Medicaid spending. Many of those who receive Medicaid for long-term care expenses are once-affluent people who outlived their money, according to Kaiser Health News.
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Cloudy with a Chance of Lawsuits

If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know for sure.

Happy Independence Day

Retirement Income Journal will take a one-week recess to celebrate the July 4 national holiday and will not appear on July 6. We will return to our weekly publishing schedule on July 13. We hope you enjoy the holiday, and wish you safe travels.

Honorable Mention

Brief or late-breaking items from Accenture, Envestnet, T. Rowe Price, Voya Financial, Ernst & Young and Cerulli Associates.