The Best of Recent Economic Research
The six academic papers cited here identify several points where, even when we don’t realize it, macroeconomics and personal finance intersect.
No Quick End to Fiduciary Rule Story
The DOL wants your comments again. It wants to know how much companies have spent on adapting to the rule, and whether it would be cheaper to abandon the sunk costs. Or maybe it's all a charade, leading to a preordained decision.
Lincoln and BlackRock Launch No-Commission Variable Annuity
'Lincoln Core Income' offers 4% guaranteed lifetime income with a 2% COLA, plus a choice of three iShare exchange-traded funds and a death benefit for an all-in cost of about 190 basis points.
‘We’re the Kasparov Inside’
‘I’ve been on the bleeding edge as much as I’ve been on the leading edge, and it’s not always a comfortable place to be,’ said Judson Bergman, Chairman and CEO of Envestnet (above).
Featured
The Best of Recent Economic Research
The six academic papers cited here identify several points where, even when we don’t realize it, macroeconomics and personal finance intersect.
DOL Hears Public Comments on Fiduciary Rule (Again)
Brokers and insurance agents told the Department of Labor to kill the fiduciary rule, but robo-advisors such as Financial Engines and Betterment still favored it, as did private citizens, in over 200 comments on the DOL website this week.
The Dollar as Reserve Currency: Benefit or Burden?
Should the dollar abdicate its role as the lingua franca of money? In this exclusive interview, economist Barry Eichengreen of the University of California, Berkeley offers some much-needed perspective.
News
No Quick End to Fiduciary Rule Story
The DOL wants your comments again. It wants to know how much companies have spent on adapting to the rule, and whether it would be cheaper to abandon the sunk costs. Or maybe it's all a charade, leading to a preordained decision.
Netting $317 billion, Vanguard dominated fund flows in 2016: Morningstar
'2016 was more filled with uncertainty than other years, particularly in light of a few extraordinary political events that nobody believed would happen until they did,' said Morningstar in its summary of global mutual fund and ETP flows report for last year.
Consumers want safe income but don’t understand annuities, study shows
A survey by CANNEX and Greenwald & Associates shows once again that Americans want guaranteed retirement income but don't know much about annuities that provide guaranteed income.
Jefferson National strengthened by its new owner, Nationwide
A.M. Best said it expects Jefferson National’s management to remain in place, but the insurer 'will be transitioning to the Nationwide brand.'
Nobody knows you when you’re down and out (and single and old): AARP
Lonely older adults are much more likely to have an annual household income of less than $25,000 and assets under $10,000, and are more likely overall to be in the lowest income group.
ClearFit, a turnkey retirement plan from Morgan Stanley and Ascensus
The investment menu will use a multi-manager approach and non-proprietary funds. ClearFit’s target date models will use Morgan Stanley’s proprietary retirement glidepaths.
