The Current State of Retirement Income
Retirement planning has evolved from a singular focus on savings to ensuring that account values provide income for life. Multiple generations of DC plan participants are concerned that they’ll outlive their retirement savings, and they’re turning to plan sponsors for solutions.
The Valid and Not-So-Valid Reasons for Rejecting Annuities
A host of impediments stand in the way of allocating funds to annuities. Some issues relate to brokers or advisors, and others involve their clients. Some are valid, but others are questionable and reflect irrational behavioral biases.
What If We're Measuring Inflation All Wrong?
My question, as always, is whether we’re measuring inflation accurately. What if we’re doing it all wrong? As investors, we want to make decisions based on the best available data, so what should we do if the data is incomplete or flawed?
COVID has Cost More than World War II and We Haven’t Paid the True Price Yet
The government’s COVID relief programs have cost $5.2 trillion, more than World War II, which cost $4.7 trillion. Those mountains of money will cause inflation, raise interest rates and reduce in stock prices.