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With short-term Treasury rates currently at Japanese-style lows, investors and advisors often ask annuity cheerleaders like myself if they would be wise to delay purchasing...
Research Investment Roundtable
When the going gets tough, the tough go...bargain hunting for cheap stocks. Though weak corporate earnings are forecast to make 2009 a rough-and-tumble year indeed, there's...
Lesson 9: Moral Hazard
One of the theoretical foundations of modern insurance pricing is a principle called "moral hazard." It lies at the heart of many actuarial models, is...
Guaranteed Income Gap Growing
A new study on retirement readiness suggests that most pre-retirees seriously underestimate the number of years they will be retired and thus the amount of savings they will need to last them through those years.
Lesson 3: Sustainability and Ruin
As you are reading this in early April 2007, I am facing the daunting prospect of celebrating my 40th birthday. Besides the trauma of this...
Money and the Professor
Moshe A. Milevsky, a rabbi's son, loves to give advice. But he himself has consistently refused to take any -- at least conventional-wisdom career advice. And...
Meeting the Need for Income
A host of financial services firms are coming out with new products to help advisors protect their retirees' income streams--everything from annuities that offer longevity...