‘Decumulation is Like a Rubik’s Cube’

The Money Management Institute has identified 34 financial services firms that have created what it calls Personal Retirement Income Solution Management (PRISM) tools or programs.

‘Smart,’ from UK, Enters the US PEP Market

'Smart' is the recently-launched American branch of a British fintech with expertise in a kind of retirement savings plan that's called a 'master trust' in the UK and a 'pooled employer plan' or PEP in the US. RIJ interviewed two of its top executives.

Research Roundup

Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.

‘iTDFs’ Smooth the Bumps of Retirement Income

A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
Featured

A Closer Look at the Wealth of the Wealthiest

This excerpt from a new Congressional Budget Office report on wealth inequality in the U.S. shows that "highly compensated workers have replaced people whose income is from property or securities at the top of the income distribution."
News

Academics propose solution to “annuity puzzle”

Low sales of individual income annuities "should not be viewed as an indicator of underlying preferences but rather as a consequence of institutional factors about the availability and framing of annuity options,” Shlomo Benartzi and Richard Thaler asserted.

Money trumps sports in the hearts of men, survey shows

A plurality of men (40%) preferred to deposit an extra $1,000 into the emergency fund instead of contributing to their retirement fund or spending it on themselves or a significant other, according to a survey by ING DIRECT USA and Men's Health magazine.

The Bucket

Brief or late-breaking items from Transamerica, JD Mellberg Financial, Allianz Life, Security Benefit and ING DIRECT USA.

“Income” Funds with High Price Tags

Unless I’ve missed something, the three Putnam Retirement Income Lifestyle Funds, as “income funds,” seem long on promises and short on delivery—particularly in light of the costs.