Connecticut funds the creation of a public IRA by 2016
The Connecticut Retirement Security Board will be expected to report their findings and a plan for implementation to the General Assembly by April 1, 2016.
View ArticleConning appraises the invasion of the life insurance company snatchers
Their generally shorter bond maturities could give firms like Guggenheim, Athene, Apollo and Global Atlantic an edge over traditional life insurers if and when interest rates begin to rise, Conning's...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleAn Algorithm That Loves Annuities
PrARI, the retirement product allocation calculator that Cannex recently acquired with its purchase of the Qwema Group, shows advisers how to maximize retirement income (or legacy) using a blend of...
View ArticleClub Vita: Where Levity Meets Longevity Risk
The cartoon characters in hazmat suits on Club Vita's website handle "toxic waste." It's a metaphor for the actuarial consultancy's real service: helping the remaining DB plans in the UK deal with...
View ArticleIs Time Running Out on the Fiduciary Proposal?
'If it takes six months for a comment period and six months for hearings, and then time to develop a final rule, by then we’re running into an election year,' Steven Saxon of Groom Law Group said at...
View ArticleZombie Politics
America is paralyzed by short-sighted, long-lasting tax and entitlement policies that deceased politicians locked us into. In his new book, "Dead Men Ruling," economist Eugene Steuerle of the Urban...
View ArticleIRA rollovers in 2013 totaled $324 billion; $720 billion stayed behind
Besides providing quantitative rollover data, a new Cerulli Associates report provides qualitative survey data. One takeaway: People in their 50s don't think of themselves as 'pre-retirees.'
View ArticleThe Bucket
Brief or late-breaking items from TrimTabs, E*Trade, Transamerica, Fidelity, Guardian Life, and LPL Financial.
View ArticleWhat’s In Their Wallets?
Vanguard inventoried the wealth and income of affluent older Americans and found that a surprising number of them are still receiving defined benefit pensions. Income-wise, Vanguard identified eight...
View ArticleGetting the Exclusion Ratio (Without Annuitizing)
AXA and, most recently, Lincoln Financial, are marketing variable annuities that combine investment flexibility with variable income options that (for non-qualified contracts) allow regular...
View ArticleMorningstar issues quarterly VA survey
Trends appearing in a slow quarter: A focus on 'investment-only' contracts, buybacks to reduce liabilities, and new living benefit structures that shift risk to the contract owner.
View ArticleNorthwestern Mutual to sell Russell Investments
Russell oversees almost $260 billion in assets, primarily for large, institutional investors such as pension funds. The firm also maintains stock indices such as the Russell 2000. Russell mutual funds...
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
View ArticleClub Vita: Where Levity Meets Longevity Risk
The cartoon characters in hazmat suits on Club Vita's website handle "toxic waste." It's a metaphor for the actuarial consultancy's real service: helping the remaining DB plans in the UK deal with...
View ArticleIs Time Running Out on the Fiduciary Proposal?
'If it takes six months for a comment period and six months for hearings, and then time to develop a final rule, by then we’re running into an election year,' Steven Saxon of Groom Law Group said at...
View ArticleWhat’s In Their Wallets?
Vanguard inventoried the wealth and income of affluent older Americans and found that a surprising number of them are still receiving defined benefit pensions. Income-wise, Vanguard identified eight...
View ArticleLife Just Got Easier for Qualified DIAs
The new Treasury regulation on "longevity insurance" does more than promote late-life annuities. By removing an RMD barrier, it makes retirement income planning easier for middle-class people whose...
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