◀ The Principal Blog

Where We See Value Along the Muni Curve



Against the backdrop of strong economic growth in the United States and a job market and wage growth that are continuing to rise at their fastest clip since 2008, the Federal Reserve (Fed) is well on the path to an interest rate hike in the second half of 2015. Consequently, with inflation running…

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Pension Defenestration: Ejecting Risk Through Lump Sum Windows



I was unwinding from a long day of discussing lump sum windows with defined benefit (DB) plan sponsors, when I happened upon the “Story Notes” edition of the epic movie Braveheart. If you’re unfamiliar, Story Notes are interesting factoids that appear at the bottom of the screen throughout…

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