FIAs Come In From the Cold–Sort Of

In this first of a series of RIJ articles on the evolution of fixed indexed annuities, you’ll hear from people at three broker-dealers: One who embraces them, one who still avoids them and one who sells them with mixed feelings.

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

Our 401(k) System, in Black and White

Bloomberg and Strategic Insights gave two opposing views of defined contribution plans in separate reports in recent weeks. Bloomberg reporters called DC plan sponsors stingy. Strategic Insights, in a broader survey, found an opposite trend.
Anecdotal Evidence

RetirePreneur: Laura Varas

'To me, retirement is the most interesting area of finance because it’s about how we live our lives,' says Hearts & Wallets consultant Laura Varas. 'We should give people the freedom to plan, and then give them guidelines that make it safe for them.'
News
Anecdotal Evidence

Strengthen Social Security now, AAA urges

In a new white paper, the American Academy of Actuaries has reiterated its recommendation that the Social Security program be put on a permanently solid financial footing, but did not rule out the use of individual accounts.
Anecdotal Evidence

AARP points out income-related variations in Medicare premiums

The standard Medicare Part B premium is $1,258.80 a year and covers about 25% percent of Part B program costs, according to a new AARP Fact Sheet. People with higher incomes pay $1,762.80 to $4,028.40 a year for part B.
Anecdotal Evidence

Public savings plan proposed for private sector workers in CT

Following the lead of groups in California and a few other states, labor organizations in Connecticut are backing legislation to create a public, IRA-based retirement plan for workers in companies without plans. A hearing on the bill was set for Tuesday in Hartford.
Anecdotal Evidence

ASPPA criticizes two Obama budget proposals

As if he relishes poking Brian Graff in the eye, President Obama included two elements in his 2015 budget proposal that especially irk the CEO and executive director of the American Society of Pension Professionals and Actuaries.
Anecdotal Evidence

JPMorgan proposes “dynamic decumulation model”

"Greater lifetime income, through Social Security, pensions and/or lifetime annuities, allows individuals to increase both their withdrawal rates and equity allocations," says the adviser to individuals, institutions and financial intermediaries.