What was so important about a tiny column of numbers, missing from Table V.C7 of the 2014 Social Security Trustees Report?
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
"The effect of a decade or more with negative real interest rates is likely to be devastating," writes this ever-bearish pundit. He expects the central bank response to the next financial crisis to resemble its response to the last one.
"Now, as then, people have been disappointed for a long time, and many are despairing," writes the 2013 Nobel laureate in economics.
A new report challenges the notion that investors will continue to want or need face-to-face contact with the person managing their money.