Americans could achieve a safe, secure retirement-income source through guaranteed retirement accounts, write Teresa Ghilarducci and Hamilton James. The accounts would require contributions from employers and employees, be managed by an independent federal agency and make payouts as an annuity in retirement, they write. The New York Times (free-article access…
The Obama administration says the number of new enrollees on the federal health insurance exchange is up 29% year-over-year, but insurers say they are concerned about the number of people who decide to pay a tax penalty rather than purchase coverage. Cost and lack of options are among the reasons…
US equity markets are coming off the flattest year since 2011, prompting market participants to focus on Wall Street’s January performance. Stock Trader’s Almanac says the trend set in January persists for the year 75% of the time. Reuters (1/3), The Wall Street Journal (tiered subscription model) (1/1)
Many defined contribution plan sponsors remain wary of offering in-plan annuities because of uncertainty about their liability after assets have been transferred to annuities. Some are waiting for new annuity products to become available. PlanAdviser.com (12/31)
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
