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Retirement Income
SOR Risk Is Worse icon2
Sequence of returns risk (“SOR”), the risk that markets may go south as retirees begin taking income, is a well-publicized phenomenon. Though, because of its recency, Moshe Milevsky laments that it lacks a true measure or definition. In this report for Jackson he suggests a standardized measure—a sort of Richter scale for SOR that attempts to...
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Fragile Decade Icon
The last five working years and first five in retirement can be fraught with risk for American savers. During this “fragile decade” a bad sequence of returns can have a negative and lasting impact on client portfolios, and threaten the ability to make retirement savings last. For instance, a client who suffers a 33 percent...
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Volatility
Markets reacted terribly to news of the Corona Virus hitting American shores last week. Stocks suffered their largest weekly loss since 2008. Antsy, nervous, excited—whatever you want to call it—folks are on the defensive. Markets are volatile. But where can they, especially retirees, find shelter? Conventional wisdom says that retirees should shoulder less risk by...
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Inside Information Logo
The Contingent Deferred Annuity (“CDA”) is a step forward in efforts to creatively meet the income needs of retirees. In the February 2020 issue of Bob Veres’ popular Inside Information newsletter, Bob calls it “One of the most interesting solutions to the SECURE Act requirement that qualified plans offer income guarantee options.” These guarantee options,...
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FA Mag Logo
Eliminating Commissions Opens Door to Further Innovation No-load annuities appear to be gaining traction among IARs of RIA firms, and journalist Ben Mattlin takes a stab at why in an article for Financial Advisor Magazine. Innovations among a class of next-gen, no-load annuities have reduced cost, introduced simplicity, offered liquidity, made them easier of understand...
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Retirement Income Journal Logo
In the Thanksgiving edition of Retirement Income Journal, Kerry Pechter assesses the impact of the Schwabitrade deal. In gobbling up TD Ameritrade, Schwab is consolidating power and RIA custody in one behemoth organization, the impact of which promises to be felt in some predictable and unpredictable ways. Pechter draws his particular focus on the how...
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RIABiz Logo
Under a photo captioned “Louisville Slugging” Oisin Breen writes about RetireOne’s acquisition of EF Legacy Securities broker-dealer from Edelman Financial Engines. In the “Brooke’s Note” intro to the piece, RIABiz Editor Brooke Southall says of the deal, “Nobody can dispute the beauty of guaranteed income. But in financial advice, such a thing takes the form...
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FInancial Advisor IQ Logo
RetireOne’s purchase of the Edelman broker-dealer is featured in an article by Alex Padalka for FinancialAdvisorIQ. Padalka discusses the benefits to advisors of the EF Legacy Securities acquisition, a transaction that promises to grow the RetireOne insurance and annuity back office services for RIAs. He quotes CEO David Stone, who says RIAs come to RetireOne...
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Kiplinger Logo
Writing for Kiplinger, RetireOne CEO David Stone says recessions are a normal part of the economic cycle. He argues that during these market cycles, equities prices are ‘pruned’ back to allow for healthy future growth. Stocks are approaching historical highs anyway. A recession now could make future investments cheaper, which would be good in the...
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Wealthmanagement.com
Of RetireOne’s EF Legacy Securities broker-dealer purchase, WealthManagement.com journalist Patrick Donachie says the deal “will enable RetireOne to offer greater options for RIAs interested in commission-free insurance and annuities products.” This is especially valuable for former broker-dealer registered representatives who are transitioning from the commissioned-based compensation model to the fee-based model. The significance of the...
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