The Shift: Fed Makes U-Turn on Monetary Policy
For the Federal Reserve, it’s all about inflation right now. After raising the federal funds rate nine times since December 2015, the Fed’s summary of economic projections now implies no rates hikes in 2019, down from previous expectations for two, and just one in 2020. In addition, Fed Chairman Jerome Powell has suggested the Fed […]
On Deck: What the 116th Congress Is Doing About Retirement
Passing retirement legislation proved difficult in the 115th Congress, in which Republicans controlled both chambers of Congress. Could things proceed more smoothly in the 116th, now that Democrats have regained control of the House while Republicans remain in charge of the Senate? Actually, they may, says Angela Montez, senior vice president, general counsel and chief […]
A Precarious Existence: Transamerica Study Finds Retirees’ Financial Health at Risk
On the surface, life after work would seem to be pretty good in the U.S. right now. In a new survey of more than 2,000 retirees by the Transamerica Center for Retirement Studies, 86% of the respondents said they are enjoying life. Six in 10 are spending time with family and friends, approximately four in […]
Retirement Challenges: The View from a Congressional District Office
It is an unfortunate fact that the people most at risk of financial insecurity in retirement are often those who are financially insecure before retirement—people working in low-wage jobs, or unable to work, and struggling to meet day-to-day expenses. For them, the notion of planning for a secure retirement can seem as distant and unrealistic […]
Job Posting: Manager of Stable Value Analysis at ICMA-RC
Reach Your Peak with ICMA-RC, a FINANCIAL SERVICES LEADER in public sector employee retirement products and services. Headquartered in Washington, DC, our Financial Services corporation administers over $50 billion in retirement plan assets for more than one million participant accounts. We are constantly looking for ways to create new opportunities to serve our participants. We […]
Commentary: Stable value plays important role in retirement savings
We’re happy to report that Pensions & Investments has recently published our letter to the editor that the SVIA Media Team developed in response to a recent P&I Commentary by Richard Heitman which attempts to promote a competing product that his firm markets to defined contribution plans by inaccurately representing and discrediting stable value. You […]
Stable Value and Rising Interest Rates
Stable value practitioners are frequently asked how the stable value asset class will respond in a rising interest rate environment.
12 Reasons Not To Roll Your 401(k) Into An IRA
1. Stable value funds are not available Most 401(k) plans offer stable value or guaranteed fund investment options as their safe choice, rather than money market funds. Money market fund yields have been far below stable value or guaranteed interest fund rates for many years. It is likely that yield differential will continue. For conservative […]
Monitoring Stable Value Funds When Rates Rise
Although the 10-year Treasury rate dropped back below 3 percent in early December, there’s still a strong likelihood rates will move higher in 2019. I asked John Faustino, AIFA, PPC, Chief Product and Strategy Officer at Fi360, a fiduciary education, training and technology company, for his thoughts on what advisors should consider with stable value […]
