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Cover Stories

Turning Home Equity into Lifetime Income

by Joseph A. Tomlinson, CFP

Turning Home Equity into Lifetime Income

Tue, Apr 06, 2010

A financial planner compares and contrasts three ways to create monthly income for life from a typical reverse mortgage.

Eating the Competition’s Lunch

by Kerry Pechter

Eating the Competition’s Lunch

Tue, Mar 30, 2010

MetLife’s Retirewise program offers hundreds of brown-bag seminars, like the one depicted in this ad, for 401(k) participants at firms where MetLife isn’t the provider.

Spock-o-nomics at the RIIA Meeting

by Kerry Pechter

Spock-o-nomics at the RIIA Meeting

Wed, Mar 24, 2010

At the spring meeting of the Retirement Income Industry Association, held at Morningstar Inc. in Chicago, concepts like "stocks for the long run" and "safe withdrawal rate" were out of favor.

The Empire Strikes Back

by Kerry Pechter

The Empire Strikes Back

Wed, Mar 17, 2010

Lest they be drowned out by 401(k) critics, major DC plan providers have formed a new trade group, the DCIIA, chaired by PIMCO's Stacy Schaus. The group supports target-date collective trusts, deemed IRAs and lifetime income options.

News

HSAs No Panacea for Retiree Medical Costs: EBRI

Wed, Apr 07, 2010

If it's true that retired couples will need $350,000 on average to cover costs not covered by Medicare, Health Savings Accounts won't be large enough to do the job, says the benefits research organization.

Hartford CEO to VAs: “Never Again”

Wed, Apr 07, 2010

The insurer won't focus on VAs as much as in the past. It expects total annuity sales of $5 billion in 2012, or less than half its individual annuity sales in 2008.

Czech It Out: Pension Pains are Global

Wed, Apr 07, 2010

Age-related spending in the Czech Republic will be 23.4% of GDP by 2060, according to European Commission data.

Americans To Spend Their Mad Money Sanely

Wed, Apr 07, 2010

More than eight in 10 Americans polled said they would use their tax refunds to pay down debt, save or invest, or spend on everyday necessities.

P. Kennedy Proposes Savings Accounts for Children

Wed, Apr 07, 2010

H.R. 4682 would create an account with $500 per year for all children at birth, with a supplement of up to $500 and matching contributions of up to $500 each year for children in families with incomes below the national median.