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.
The Logic of Annuities
A deferred income annuity (DA) is cheaper than an immediate income annuity (IA), but an IA generates more income than a comparable risk-free investment, writes our guest columnist, the first editor of the Journal of Retirement and a former International Monetary Fund official.
Among the top 0.1% Americans in terms of income, business owners are well-represented. They frequently own small or mid-sized companies such as auto dealerships, beverage distributors, or large law firms.
On the Lookout
'Consumer debt in relation to income remains low. Interest rates remain low and the Fed has now ceased its series of rate hikes. We anticipate GDP growth of 2.7% in 2019 after having risen 3.0% last year,' writes our guest columnist, an economist.
Securian to offer individual annuities in the bank channel; 'Bucketing' software, by subscription, for professionals and amateurs; Loans from 401(k)s still declining: T. Rowe Price.