RIJ asked advisor/actuary Jerry Golden, founder of Golden Retirement, Go2Income.com, and the Income Power method, to develop a retirement income plan for the 'M.T. Knestors,' a couple with about $750,000 in investable assets.
'Presidents and political parties favor regulation mainly when it when it advances their own agenda, regardless of the number of pages it adds to the Federal Register,' writes our guest columnist.
Nearly half (46%) of former plan participants did not take any action with regard to rollover options in 2017 and 43% intend to leave their assets in-plan this year, according to DC Participant Planscape, an annual Cogent Reports study by Market Strategies International-Morpace.
The Fed’s decision, announced after a two-day meeting of its Federal Open Market Committee, which sets monetary policy, represents the eighth time that the Fed has raised interest rates since the 2008 financial crisis, and the third time this year. Another increase is expected in December.
RIJ is committed to regularly publishing examples of retirement income plans that advisors and firms--call them decumulation pioneers--have developed for real (but anonymous) clients.
People who worry about becoming a burden on family and people who are relatively less loss-averse are also more open to the idea of buying annuities, a study by UCLA and Duke behavioral economists showed.
Despite the death of the DoL Conflict of Interest Rule and lack of clarity around the inclusion of sub-transfer agent (sub-TA) fees, clean-share mutual funds will likely have a place in the intermediary market, according to Cerulli Associates.