A kosher reverse mortgage lender will share what he or she earns when selling the loan by waiving or reducing the borrower's costs, says Wharton emeritus professor Jack Guttentag, aka "the Mortgage Professor." But not all HECM lenders keep kosher.
In this month's Research Roundup, RIJ shares four recent academic papers on the proliferation of ETFs, the danger (or not) of national debt, rational inflation expectations, and the impact of recent changes in RMD rules.
Laura Prieskorn (left) and Marcia Wadsten are the new CEO and CFO of Jackson National Life. The leading seller of variable annuities in the US is in the process of demerging from its long-time British owner, Prudential plc.
Economists typically use the 'aged dependency ratio' to show the burden of the Social Security program on workers. But the 'total dependency ratio' might be more informative. (Photo by Johann Walter Bantz.)
With the Fed deciding, yet again, to hold rates, their dilemma will only intensify this year: normalize monetary policy in line with domestic fundamentals, or cede to the pressures of global financial markets, writes the Group CEO of GAM Holding and former UBS Wealth Management CIO.
Catch the Spring 2016 edition of The Journal of Retirement for research on Social Security claiming for widows and widowers by Reichenstein and Meyer, for John Turner's discoveries when 'mystery shopping' for a rollover, and much more.
‘MSI represented to customers that their existing VA was more expensive than the recommended VA, when in fact, the existing VA was less expensive,’ FINRA said.
The book, which includes essays submitted for SOA awards, includes a first-prize article by R. Evan Inglis that "provides a rule of thumb for decumulation with a range attached to it."
'We have a major problem,' said Laura Varas, founder and CEO of Hearts & Wallets, in a release. “Consumers should know what they pay... Regulation has a role, but in the end, there’s no substitute for an informed consumer.'