Risk

Could single premium immediate annuities be the answer to ultralow rates?

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.

Financial advisors choose technology the way cyclists pick out their rides, Riskalyze Managing Director for Enterprise Services Dana Rhodes explains in a Financial Planning podcast.

The fund ditched its tail-risk protection weeks before the coronavirus sent stocks into a tailspin, according to people familiar with its decision.

Risk managers must be especially vigilant about the bets their traders are making to profit from current market dislocations brought on by the coronavirus.

Retirees will end up locking in substantial losses if they decide to cash out their investments during a bear market to generate income.

Clients are advised to keep some of their savings in cash and focus on their long-term prospects.

“It’s like shopping on Amazon for real estate,” says one investor. But clients pay a premium for the access and convenience.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

From travel bans to working remotely, here is how firms including Wells Fargo, Edelman, RBC and others are preparing for a possible pandemic.

Filing at the wrong age and failing to take advantage of programs like spousal and survivor benefits are just a few common mistakes seniors make.

We can all play a part in preparing for this and future outbreaks.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.

The investing world is rushing to cater people who want to make a difference with their money but are unwilling to accept higher volatility or fees.

"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.