Given their focus on planning rather than sales, fee-only advisors seem well-suited to the labor-intensive process of creating customized retirement income solutions for their clients.
A mountain biker needs 18 or 21 gears to smooth a path over rocks and through arroyos. Index-linked annuities now collectively offer some 140 index choices. Hybrid indices can theoretically smooth an investor’s path through rocky markets--but they're complicated.
Every June, RIJ focuses on indexed annuities. Last year, we studied options in indexed annuities. This year we consider the indexes themselves, especially 'hybrid' and 'volatility-controlled' indexes. Bryan Anderson, Don Dady and David Lau weighed in.
In this month's roundup, we learn that CEOs pay little attention to inflation. We also find out why retirees keep saving, why "centaurs" pick stocks so well, which financial biases keep people poor, and how working longer affects male mortality.
If you intend to be rational about investing, separate politics from portfolio, writes fee-only advisor and author (and political news junkie) Russell Wild.
More than 1,400 Americans, including Paul Volcker himself (at left) commented on the proposed rule, which would ban risky 'proprietary' trading by banks. A smaller but more influential group—including insurers and the probable next chair of the House Committee on Financial Services—decried the rule.
Weak consumer demand, uncertainty about regulatory changes, unemployment, anti-business sentiment in Washington, uncertainty about tax policy, commodity price volatility and FOREX volatility, in that order, were cited as reasons for weak private investment.
The deficit committee's modest proposal to reconsider all of the $1.1 trillion worth of annual "tax expenditures"--including the tax deferral benefit that underlies the retirement industry--worries Brian Graff, CEO of ASPPA.
Just 34% of plan sponsors responding to a Janus/Asset International poll believe target date funds are the best QDIA for their plan, down from 57% last year.
. . . and 77% of Americans with children at home say their child is more likely to catch a foul ball in the seats at a baseball game than cash a Social Security check.
In the U.S., Strategic Insight expects 2010 full-year flows to stock and bond funds to hit $400 billion, including ETFs and funds underlying VAs.
Late-breaking items about Financial Engines, Jackson National Life, Nationwide Retirement Plans, Allianz Life of North America, Pershing, Penn Mutual Life, American Equity Investment Life, Genworth Financial, ING, Wolters Kluwer, New York Life, Fidelity and Securian . . .
"Gold is at a record only if you fail to adjust for inflation. And you should almost always adjust for inflation" -- Economics columnist David Leonhardt of The New York Times, explaining that gold cost a record $2,387 (in 2010 dollars) 30 years ago.