In one lifetime, median U.S. age will jump from 28 years to 42
The American Academy of Actuaries cited that prediction in its appeal to the president and the Congress to focus on solutions to problems related to the greying of the U.S. population in the years...
View ArticlePershing to roll out enhanced DC platform for plan distributors
Currently at about $6.6 trillion, DC assets are expected to increase by five to six percent per year through 2019, Pershing said. Rollover IRA assets are expected to exceed $11.5 trillion by the end...
View ArticleEnd of forced annuitization creates product vacuum in UK
While some in the U.S. try to put annuities into defined contribution plans, Britain is slowly adapting to the removal of forced annuitization from its DC rules.
View ArticleS&P Ratings to pay $77 million to settle SEC and state violations
Long after the financial crisis brought serious ethical lapses at ratings agencies to light, S&P Ratings evidently continued to violate SEC regulations.
View ArticleExtend RMD Relief to Indexed Annuities
A professor at The American College rebuts last week's RIJ critique of the National Association of Fixed Annuities' letter to the Treasury Dept. The letter asked that qualified indexed annuities, like...
View ArticleO’Brien retires; NAFA looks for new chief
A spokesman for the National Association of Fixed Annuities said it was coincidental that Kim O'Brien's retirement became effective the day that her letter requesting qualified longevity annuity...
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 ArticleIllinois Mandates Workplace Retirement Plans
Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel Biss, above,...
View ArticleLet’s Concentrate on Recordkeeping
What's driving the flurry of consolidation in the defined contributon plan recordkeeping industry? RIJ asks the experts: Fred Reish, Mark Fortier, Peter Littlejohn, James Holland, Jeff Feld, Tom Clark...
View ArticleThe Ultimate Income Strategy
"By making the final years of life (should they occur) the insurance company’s problem, [a combination of risky assets and a deferred income annuity] makes retirement investing feel more manageable,”...
View ArticleJack of Alternatives
"I believe that alternative investments—in four broad categories—are areas where people should diversify," said former Jackson National Life executive Clifford Jack in an interview with RIJ. His book,...
View ArticleAbout That White House Memo on IRAs
A memo on White House letterhead dated January 13 has rekindled both hopes and fears that the Department of Labor might soon re-propose restrictions on the kinds of transactions that advisors and...
View ArticleFirst Investors launches flexible-premium longevity annuity
“Sales of our single pay deferred income annuity, which we introduced last year, have been three or four times what we projected," said Carol Springsteen, president of First Investors Life, subsidiary...
View ArticleGerman DC plans may ‘go Dutch’
With companies trying to molt their pension obligations, Germany is thinking about allowing whole industries to set up collecitvely-managed, Dutch-style defined contribution plans, but with guarantees...
View ArticleAnnual 401(k) contributions to reach $500 billion by 2019: Cerulli
"Our projections indicate that, by the end of the decade, total private DC assets will approach $6.5 trillion, the majority of which will be in 401(k) plans," said Jessica Sclafani, senior analyst at...
View ArticleNew issue of The Journal of Retirement published
The Winter edition of the journal includes articles by experts previously cited or quoted in RIJ, including Anna Rappaport, Jodi Strakosch, Sylvester Schieber, and editor Sandy Mackenzie, plus several...
View ArticleNew report ponders leakage from 401(k) plans
The ERISA Advisory Council, reporting on testimony it heard last August, recommends the creation by the Dept of Labor of sample forms that will promote the transfer of 401(k) assets from one plan to...
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 Article