Guaranteed Lifetime Income Isn’t Free
Insurance protects against losses – fires, floods or a wrecked car. Because of the life-altering consequences of such as loss, clients rarely question the cost of the insurance. When viewed through an analogous framework, the cost of lifetime-income insurance, such as a GLWB, is fairly priced.
GM’s Commitment to Electric Cars Still Has Skeptics
In a surprise move, General Motors Co. this week joined forces with the Environmental Defense Fund (EDF) to recommend tougher emissions rules for passenger vehicles. But skeptics remain unconvinced by the company’s professed commitment to going green, citing GM’s history of battling tougher fuel economy rules.
The Price the U.S. Will Pay for Faster Recovery
Compared to the dotcom and great financial crisis recessions, our fiscal and monetary response over the last two years has been far more aggressive. But the true cost – in terms of inflation – presents a more threatening risk.
How the Inflation Reduction Act Changes Healthcare Planning
The IRA impacts everyone, but the healthcare portions of it mean substantial changes to the way advisors incorporate healthcare costs into their financial plans for clients who are retired, on Medicare, or are still working.
The $24 Trillion Treasury Market Needs More Than Just Clearing
The $24 trillion US Treasury market has gotten too big for even the “Masters of the Universe.” As the Federal Reserve reverses its bond purchase program and more government securities flood back into the hands of dealers, banks, investors and traders, the chances of extreme, unhealthy volatility are rising.
Look for Newest Fed Policy Doves to Show Feathers Over Long Term
Five new Federal Reserve policy makers are seen as having a slightly greater focus on employment than inflation, but don’t expect a swift impact from this dovish tilt, economists surveyed by Bloomberg said.
Quotables by Notables On the Subject of Annuities
My article, “The Trial of Ken Fisher for Crimes Against Annuities,” marked the beginning of my effort to aggressively defend annuities against criticisms that had become too exaggerated, too longstanding, and too inaccurate to be left unchallenged.