We summarize five papers: “The Sustainability of U.S. Household Finances," “The Great Debt Boom: 1949-2013,” “Living Below the Line: Economic Insecurity and Older Americans in the States, 2016,” “Building Emergency Savings Through Employer-Sponsored Rainy Day Accounts,” and “Dodged a Bullet? ‘Rothification’ Likely to Reduce Retirement Saving.”
The British government is looking anew at a hybrid defined contribution plan design that would give participants a non-guaranteed variable income (with or without smoothing) in retirement.
LIMRA Secure Retirement Institute's third quarter 2017 annuity sales survey reflects the fact that few Americans are taking profits from the aging bull market and locking them into safe retirement income. Pity.
To satisfy New York regulators, AIG had to design the product's guaranteed lifetime withdrawal benefit rider somewhat differently from versions offered in other states.
Though the DOL has said it will focus its enforcement policy on compliance assistance, 'private litigants' won't be so gentle, the benefits law firm warned, adding that even the DOL may decide at any time that some compensation systems are unacceptable. (Photo: Marcia Wagner.)
An elderly widow recently suffered a bad fall. Her children, one of whom is still paying college tuition for one of the grandchildren, face the prospect of paying $12,000 a month for nursing home care.
'Taxable bond' remained the leading category group in October with $39.1 billion in flows overall, followed by 'International equity,' whose flows more than doubled to $22.2 billion from $9.8 billion in September.