Inflation Cushion
PIMCO envisions a trillion-dollar retail and institutional market for its new TIPS-based ‘Real Income’ managed payout funds.
It’s Spee-Ahz, By a Nose!
Gaobo Pang and Mark Warshawsky's study supports a strategy of combining income annuities with mutual funds in retirement.
How Good Is This Ad? You Decide.
This ad drew a wide range of responses. Many reviewers said it “spoke to them.” Some said it left them cold.
A Chat with Jackson’s Clifford Jack
'We talk all the time about not being the team that performs extremely well for eight and two-thirds innings just to screw it up on the final out,' said the Jackson National EVP.
Featured
Early Reviews of PIMCO’s Payout Funds
Immediate reactions from advisors, retirement income consultants and academics ranged from skepticism to enthusiasm to uncertainty about the costs.
Sales of Indexed Annuities Soar in 2nd Qtr, Says Beacon
For the entire fixed annuity market, 2009 has been a bumper year so far. On a year-to-date basis, total market sales were an estimated $62.6 billion, 39% above first half 2008.
News
Annuities Are a Middle-Class Phenomenon: Gallup/Greenwald
Non-qualified annuities contribute significantly to the retirement security of middle-class Americans, Gallup Survey shows.
Obama Administration to Block Conflicts of Interest in 401(k) Advice
DOL has killed a Bush regulation that would have let advisers affiliated with mutual funds or brokerages to advise 401(k) participants.
Summer Rally Lures Some 401(k) Money Back to Stocks
Participants in 401(k) plans shifted $203 million to equities from fixed income in August, according to Hewitt’s 401(k) index.
SEC Votes to Strengthen Oversight of Rating Agencies
The SEC voted unanimously September 17 to create rules that would bolster oversight of credit ratings agencies.
Funded Status of Top 100 Pensions Dropped to 75% in Last Year: Milliman
In the past year, the funded ratio of the top 100 U.S. pension plans has fallen to 75% from 100.3%, according to Milliman.
Obama Addresses Wall Street A Year After Lehman Brothers’ Collapse
The president gave Masters of the Universe a judicious scolding.
LifeYield Launches New Retirement Income Website
LifeYield's technology reviews the multiple taxable and tax-advantaged accounts held by family members and selects the most appropriate assets to liquidate.
InFRE Retirement Certification Wins Accreditation
The CRC is one of several retirement-related professional certifications vying for credibility at a time when the designation "senior specialist" has fallen into disrepute.
Even a Mild Windfall, Apparently, Can Kill You
Two economists have documented an increase in fatal heart attacks, strokes and traffic accidents shortly after the receipt of money, such as monthly Social Security checks.
Many Nurses Need Help With Retirement Planning
Nurses tend to distrust “outsiders,” but most indicated they would attend a free, unbiased financial planning workshop sponsored by a professional nursing organization.
The Dollar Is On Plavix, Lipitor and Cialis
Given the possibility of higher inflation ahead, the new PIMCO TIPS payout funds may be just what the doctor ordered.
