Michael Finke of Texas Tech, John Salter of Evensky & Katz Wealth Management, Larry Cohen of Strategic Business Insights and others presented at the Retirement Income Industry Association's annual meeting, held this year at Dimensional Fund Advisors headquarters in Austin, Texas. (Above, the DFA lobby).
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
Shopping for an annuity, like shopping for a car, involves questions about the manufacturer of the product. Do their products perform as expected? Will service quality be high? Are they likely to stay in business? We show you where to look for answers.
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.
"MyPath is less a statement on interest rates than a reflection of our desire to allow advisers to dial-in what each client needs," said Dan Kruse, second vice president and individual annuity actuary at Securian Financial Group.
Research from Morningstar's David M. Blanchett introduces two equations for implementing an efficient dynamic withdrawal strategy based on different expected time periods, portfolio equity allocations, the likelihood of achieving the goal, and fees (or alpha).
The Core Income 7's Core Income Benefit rider is automatically included at an additional cost of 1.05% of the contract’s accumulation value, the company said in a release.
AllianceBernstein's new Z shares will be offered without 12b-1 fees or sub transfer agency fees and there is no minimum initial investment requirement.
"The money will be retained by the state pension fund, and... is supposed to become a sort of an air bag that will be activated in case an emergency breaking of the national economy occurs,” the head of VTB Capital Investment Management told IPE.com.