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).
A mountain biker needs 18 or 21 gears to smooth a path over rocks and through arroyos. Index-linked annuities now collectively offer some 140 index choices. Hybrid indices can theoretically smooth an investor’s path through rocky markets--but they're complicated.
Every June, RIJ focuses on indexed annuities. Last year, we studied options in indexed annuities. This year we consider the indexes themselves, especially 'hybrid' and 'volatility-controlled' indexes. Bryan Anderson, Don Dady and David Lau weighed in.
In this month's roundup, we learn that CEOs pay little attention to inflation. We also find out why retirees keep saving, why "centaurs" pick stocks so well, which financial biases keep people poor, and how working longer affects male mortality.
"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.