Australia's mandatory defined contribution retirement savings system is "a 'good' system that has 'worked out well' for Australia, the president said from the Roosevelt Room. Mr. Trump is flanked by House Speaker Mike Johnson (left) and billionaire Michael Dell, a donor to 'Trump Accounts.'

An indexed universal life policy demands about as little maintenance as an eight-cylinder, 750-horsepower, 200-mph NASCAR stock car. And in the hands of an unskilled, or untrustworthy driver, or pit crew, such a policy can crash and burn.

Today’s financial Goldilocks moment—with strong equity returns and robust fixed income yields—creates favorable conditions for the Netherlands to complete its long-planned switch from traditional private defined benefit plans to 'collective defined contribution.' 'You can almost call it a tontine,' a Dutch pension consultant told RIJ.