John Hancock Retirement to offer HelloWallet robo-advisor
HelloWallet, which is owned by Morningstar, "uses findings from behavioral finance and industry experts to help guide people toward making smart financial choices in easy and incremental steps,” John...
View ArticleSymetra rides new FIAs to record quarterly sales
Sales were driven by the March 2015 introduction of the Symetra Edge Plus Fixed Indexed Annuity and the Symetra Edge Premier Fixed Indexed Annuity, the company said.
View ArticleGuardian enhances 401(k) portal
A key enhancement is the Guardian IncomeConnect Calculator. If it detects a shortfall in projected savings, the calculator will suggest educational tools and resources to help the plan participant...
View ArticleConflict of Interests
On Monday, the hearings on the Department of Labor's fiduciary proposal will begin in Washington. Will they deal with the fundamental issues, or with legal technicalities? (Link to the agenda is...
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 ArticleWould the DoL Proposal Deny Advice to the Masses?
Forcing commissioned brokers and agents to act like fiduciaries would deprive middle-class investors of access to financial advice, critics of Labor's proposal argue. Maybe. It would almost certainly...
View ArticleIf It Ain't Fixed Indexed, It's Broken
Fixed indexed annuities remain a niche product, representing only about 10% of annuity sales. But that the niche has grown into an almost $50 billion-a-year business. Sales of FIAs have grown...
View ArticleHow to Build an 'Income-Oriented' Portfolio
In this research roundup, we summarize six important new research papers, including analyses of retirement income strategies by experts from Morningstar and The American College. Story includes links...
View ArticleDOL Hearings: Wonkishly Stimulating
“I believe the proposal is intended to eliminate the commission model,” said Ron Kruszewski of Stifel Financial during the hearings on the DOL conflict of interest proposal. Scott Puritz of Rebalance...
View ArticleSummer issue of Journal of Retirement is released
The current issue includes articles by David Blanchett, Moshe Milevsky, Olivia Mitchell and Mark Warshawsky, among others.
View ArticleSumitomo Life buys Symetra for $3.8 billion, a 32% premium
Symetra's current management team, led by CEO Tom Marra, will continue to run the business from Bellevue, Washington. Symetra will maintain its current brand, employees, distribution channels and...
View ArticleTax-efficient fund management pays off, study shows
A hypothetical investment of $10,000 in mutual funds in 1990 was shown to grow to $37,800 after 22 years in the most tax-inefficient funds and to $48,800 in the most tax-efficient funds.
View ArticleStudy alleges fund “favoritism” in bundled 401(k) plans
“Plans remove just 13.7% of affiliated funds in the lowest performance decile, [compared with a] 25.5% deletion rate for unaffiliated funds in the lowest performance decile,” said a new study from the...
View ArticleBlackRock now manages $123 billion in Japanese savings
BlackRock is now Japan’s second-largest manager of DB assets after Sumitomo Mitsui Trust, according to the Japan Pensions Industry Database.
View ArticleEdward Jones to pay $20 million SEC fine
Instead of offering bonds to customers at the initial offering price, Edward Jones and Stina R. Wishman took new municipal bonds into the firm's own inventory and improperly offered them to customers...
View ArticleRIJ Takes a Vacation
Retirement Income Journal will next appear on September 3, 2015. We will not publish on August 20 or August 27. During that time the management and staff will be on vacation. We will return phone...
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 ArticleHow to Build an 'Income-Oriented' Portfolio
In this research roundup, we summarize six important new research papers, including analyses of retirement income strategies by experts from Morningstar and The American College. Story includes links...
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