Here are two ways a retired couple with a $1 million IRA might manage taxes: By either minimizing or maximizing them in the first 10 years of retirement. Zach Parker of Securities demonstrates.
'Dually registered' advisers can switch hats between the broker/commission model and the adviser/AUM model as needed, to the confusion and expense of investors. Eight state attorneys general say the SEC's 'Reg BI' allows the deception to continue.
Target Date Funds
In addition to selecting an age-appropriate target date fund (TDF), participants can select a risk-appropriate TDF (conservative, moderate or aggressive).
'Unlike a structured variable annuity, there’s no cap on investment returns, so contract owners' earning potential is unlimited,” said Pacific Life senior vice president Brian Woolfolk.
Like eight state attorney generals, the subscription-based XY Planning Network has filed a federal lawsuit against the SEC in New York. XYPN was co-founded by celebrity adviser Michael Kitces and Alan Moore.
'The benefit of floating interest rates on bank loans, which somewhat protects insurers from rapidly rising interest rates, is further diminished in a continued low interest rate environment,' the rating agency's report said.
Lincoln’s Fuller wins IRI award; JP Morgan offers tool for plan advisors; Scholten to retire from Principal; Principal absorbs Wells Fargo plan services; 11% of Gen Xers still paying off their own student loans: Schwab; Genworth’s U.S. life insurance units suffer ratings downgrade; Military is adapting to new retirement savings system: Survey.