An Income Strategy for ‘M.T. Knestors’
We gave WealthConductor LLC a real retirement income case to solve. Here's the 'bucketing' plan their IncomeConductor software created for a couple with $663,000.
Fiduciary Rule
SEC Had to Fudge the Definition of ‘Best Interest’
Unlike the DOL, the SEC doesn't need to score to win this game. It can afford to punt.
Breaking news
Securian creates ‘open MEP’
'Open multiple employer plans' are defined contribution plans that many unrelated small firms can join. Legislation to ease their formation is pending in Congress.
Total annuity sales to improve through 2019: LIMRA SRI
With interest rates expected to rise over the next two years, LIMRA SRI forecasts sales of fixed rate deferred annuities to increase by 15-20% in 2018 and by 20-25% in 2019.
Guest Column
America’s Exploding Budget Deficit
The U.S. should slow the cost of Social Security by raising the age threshold for receiving full benefits to 70 from 67, recommends Harvard's deficit hawk.
Variable annuities see $18 billion net outflow in 1Q2018
The recent increase in market interest rates, plus the lapse of the DoL Fiduciary Rule, have raised expectations that VA sales will rise, however, according to Morningstar.
Honorable Mention
Life/annuity industry news
Athene in $19 billion reinsurance deal with Voya; Allianz Life survey finds interest in protection products; TIAA rebrands its banking units; Global Atlantic in $9 billion reinsurance deal.
COVER STORIES YOU MAY HAVE MISSED
May 31, 2018
The Myth of the Aging Society
‘The standard chronological measure of age makes less sense than ever,’ writes our guest columnist, a professor at the London School of Economics and co-author of ‘The 100-Year Life: Living and Working in an...
May 24, 2018
The Complex Truth about Retiree Medical Costs
The cost of medical care in retirement doesn't look as scary when you break it down into annual expenses and remember that insurance covers most of the big-ticket items.
May 17, 2018
This Is Worse than the Fiduciary Rule
Nature abhors a vacuum, and so does the retirement industry. Now that the Obama fiduciary rule is gone, some people are realizing that it actually served a purpose. The problems that the DOL addressed...
