Time to Put Benjamins Back in the Sock Drawer?
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
Pitching Income Annuities on Greed
Speakers Wade Pfau and Curtis Cloke showed planners at the Financial Planning Association's 2019 conference in Minneapolis that income annuities can provide growth as well as protection.
Research Roundup
Recent research offers new insights into financial decision-making, the decision to work after retirement, and reveals surprising links between aging and interest rates, the rise of the service economy, and the 'shadow banking' phenomenon.
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QLACs: The ‘Greek yogurt’ of Retirement Products?
Longevity annuities were the topic of a two-hour discussion at the Brookings Institution two weeks ago and of a RIIA/New York Life webinar this week. Having read the transcript of the first one and attended the second, I offer these highlights.
Going Dutch, with a DB-DC Hybrid
Can the use of "buffers" in collectively-managed defined contribution funds offer defined benefit-like income predictability? In the Netherlands, where pensions are a passion, a team of business, academic and governmental experts is recommending it.
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