The Insured Retirement Institute (IRI) – a trade association for the retirement income industry – advocates annuities as vehicles that can help provide retirees income guaranteed by the insurer. The organization has been actively educating and lobbying legislators to expand annuity access as part of...
In 2010, a study was published by two Nobel prize-winning economists purporting that people with more money feel better about their lives. However, that held only up to an annual salary of $75,000 ($90,000 in today’s dollars). Past the $75k threshold, people weren’t necessarily any happier.
One way for the government to potentially earn more tax revenue is by eliminating the early withdrawal penalty. This is the typical 10%-tax penalty on distributions from retirement accounts by people younger than age 59 ½. (1)
If that penalty didn’t exist, investors might be more inclined to pull mon...
The stock market continues to exhibit resiliency in the face of disrupting factors, ranging from a global pandemic to a severe economic decline to a controversial presidential election. For many years, Wall Street analysts warned a market correction was long overdue. Yet, despite intermittent volati...
One of the more glaring lessons of the 2020 pandemic was that the economy and the stock market are not the same things, nor do they necessarily move in lockstep. Instead, they are measurements of two different things, often indicating how the other will react. However, as we saw last year, the econo...
