Obama Administration

Most Retirees and Near Retirees "Consumed by Fear"

A recent article in Bloomberg discusses the financial challenges faced by most retirees in the United States and the steps that the Obama Administration is taking to address the crisis. The demise of defined benefit pension plans over the past thirty years correlates almost perfectly with the rise of defined contribution plans such as 401ks.

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Annuity

Annuitization

Compulsory Annuitization

Defined Contribution Plan

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Glossary:

Annuity

Annuitization

Compulsory Annuitization

Defined Contribution Plan

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Obama Administration PLA Executive Order Goes Live

An executive order signed by President Obama within weeks of taking office went live yesterday. This executive order encourages all federal agencies to require project labor agreements ("PLA") for all construction projects over $25 million.

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Obama Administration

Project Labor Agreement

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Project Labor Agreement

Immediate Annuity Downsides

Submitted by tom on Wed, 02/24/2010 - 15:41

A fairly prominent recent article in the Wall Street Journal discusses the recent attention paid to immediate annuities in the wake of the Obama Administration's "middle class task force" initiatives.

There are some very good scenarios describing the payouts and comparative merits of immediate annuities.

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Obama and Annuities

Submitted by tom on Mon, 02/22/2010 - 16:08

Much has been written and discussed over the past several weeks since the Obama Administration suggested that annuities may play a key role in the financial and retirement planning lives of millions of Americans.

This discussion topic should serve as a thread for thoughts and comments on this somewhat controversial issue.

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The Head of Retirement and Services at BofA Merrill Lynch Offers Views on Retirement Planning Reform

Andy Sieg is the head of Retirement Planning and Services for Bank of America Merrill Lynch. Sieg provides his views on retirement planning reform in a recent op-ed piece in Investment Advisor. Among Sieg's points are: Support of the steps recently outlined by the Obama Administration to ancourage and support adequate financial planning for retirement. Specifically, support of incentives such as automatic enrollment for employer-sponsored savings options such as 401ks and IRAs. Support of...

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