The Nobel Prize winner's new e-book describes a retirement income generation method that combines Modern Portfolio Theory and income annuities. Advisors, life insurers, quants and even retirees should find it valuable.
With the market so high, more near-retirees should be taking profits and buying lifetime income products. This opportunity won't last forever.
Our guest columnist, a former chief actuary of Denmark, adds new details about his design for a target date fund on how to smooth income - and stay fully invested - in retirement.
Tom Hegna, the retirement guru (anti the rule), and Knut Rostad, president of the Institute for the Fiduciary Standard (pro the rule) will engage in a 'Munk-style' debate, hosted by Robert Huebscher of Advisor Perspectives.
Partial 'Rothification' of the 401(k) system might be on the Republican tax reform agenda this fall. If passed, it could lead to lower contribution levels, analysts at the global research firm said.
'Qualified VA sales have experienced a more significant decline than non-qualified VAs,' said Todd Giesing, director, Annuity Research, LIMRA Secure Retirement Institute.
Total income dropped 7% to $348.9 billion, as large reinsurance agreements undertaken in 2016 and 2017 drove the results, a spokesman for A.M. Best said.
Tamiko Toland, an annuity product analyst, has moved to CANNEX from Strategic Insight. Bob Powell, a retirement writer for USA Today and former MarketWatch columnist, will begin writing a column and starting a new venture at TheStreet.com.