What was so important about a tiny column of numbers, missing from Table V.C7 of the 2014 Social Security Trustees Report?
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.
"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.