Preston Rutledge (above) is reported to be the Trump administration's nominee to lead the DOL's Employee Benefits Security Administration, which handles the fiduciary rule, et cetera. He's currently the retirement policy wonk on the Senate Finance Committee.
Nearly one-fifth of retirees had less than half of their 2014 Social Security income remaining after out-of-pocket (OOP) spending, with 6% of retirees having less than half of their total income after OOPs, according to the Center for Retirement Research at Boston College.
The innovations are part of Financial Engines' initiatives in the emerging field of 'financial wellness' for plan participants.
Because of the delay of the DOL fiduciary rule, LIMRA Secure Retirement Institute now expects fixed annuity sales to increase 5-10 percent in 2018, an improvement over the expected 0-5 percent decline expected in 2017.
The Nobel committee just honored Richard Thaler, one of the founders of behavioral economics. Our guest columnist calls the choice controversial but appropriate.
Ten Vanguard funds (including seven actively managed funds) are now available as investment options in several Jackson National variable annuities, including the fee-based Perspective Advisory II, issued three weeks ago.