Purpose Financial's Longevity Pension Fund, introduced in Canada last summer, is designed to provide sustainable income for life with liquidity of principal. Getting SEC approval for its sale as a mutual fund in the US could be a challenge.
The content and tone of Morningstar's new Retirement Plan Landscape Report, from a new Morningstar retirement research group, reflects the crisp, business-like approach that Morningstar's broad audience needs and demands.
Broker-dealers 'are impinging on what has historically been viewed as largely unique to the RIA channels—an independent, fee-based business centered on financial planning,' a new Cerulli Associates report says.
Ukraine had been touted as a cheap place for Americans to retire. That's one way to look at it. Of the ~11 million retirees in Ukraine (as of mid-2021), 65% received a pension below 3,000 hryvnia (€95, $105) per month.
Increases in US longevity point to a need to drive up the age for claiming full OASI benefits, says the American Academy of Actuaries. But the rich live longer than the poor, on average. It's complicated.