By merging its pension plan with Social Security, Maine could offer its public employees a more equitable deal. But can the state’s budget handle the potentially higher costs?
The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
Annuity issuers want—and need—their products to be included as a matter of course in the model portfolios or asset allocation software tools that more advisors are expected to rely on in the future.
Because corporations have been returning more of their profits over to shareholders and less to workers, especially over the past 30 years, according to authoritative recent research. The implication is that investors' gains have come at the expense of workers, who own little stock.
Behavioral finance is to cognitive economics as engineering is to physics, says the founder and CEO of inon.com, a UK pricing consultant.
In Manhattan and at the Jersey shore, AXA-Equitable Life staffers with a Flip camera interviewed passersby about retirement and posted the videos on YouTube. One man's retirement strategy: Meet a wealthy woman.
"...We pledge to dedicate ourselves to the task of reconnecting our highest aspirations to the permanent truths of our founding by keeping faith with the values our nation was founded on, the principles we stand for, and the priorities of our people. This is our Pledge to America." -- The Republican Party.
If the economy needs a second dose of quantitative easing, the Fed might try an alternative to the "shock and awe" approach of 2009-10.
H.R. 5297, which President Obama signed into law yesterday, contained a section allowing VA owners to annuitize part of their contract without first exchanging it for two new contracts. The rule takes effect January 1, 2011.
Traffic was snarled in France's cities last week, fewer than half of the Paris Metro's lines worked normally, and about half of the long-distance trains were canceled, as an estimated one million workers protested changes in pension laws.
Income Plus 6% locks in the greater of investment gains or an annual income credit of up to 6% for first 12 years. Income Builder 8% locks in the greater of gains or a credit of 8% in each year withdrawals are not taken during the first 12 years.
Late-breaking items about WealthVest, LifeYield, Vanguard, ING, MassMutual and more...