Maine Squeeze

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?

Three Annuity Cures for Sequence Risk

New York Life and Fidelity have introduced a variable annuity with principal-protection over 10 years. Similar protection could be obtained with an indexed annuity or with a combination of a fixed rate annuity and an S&P500 index fund.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Cog-nomics and B-Finance: What’s the Dif?

Behavioral finance is to cognitive economics as engineering is to physics, says the founder and CEO of, a UK pricing consultant.
Anecdotal Evidence

Gorilla Marketing

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.
Anecdotal Evidence

Quote of the Week

"...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.
Anecdotal Evidence

Fed Charts a Course for “QE2”

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.
Anecdotal Evidence

Obama Signs Partial Annuitization Law

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.
Anecdotal Evidence

French Fight to Retire at 60

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.
Anecdotal Evidence

SunAmerica Offers Two New Lifetime Income Options

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.
Anecdotal Evidence

The Bucket

Late-breaking items about WealthVest, LifeYield, Vanguard, ING, MassMutual and more...