◀ The Principal Blog

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What Should Retirement Plan Services Cost?



As an actuary, I’ve always been aware of the motto for the Society of Actuaries which is a John Ruskin quote. “The work of science is to substitute facts for appearances and demonstrations for impressions.” I quote this regularly when I speak to lawmakers pushing ideas based on assertions,…

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High Yield – Don’t Believe the Hype



Some in the investing public have tried to explain the recent sell-off in high yield with charts similar to those below. What they’re trying to portray is that the recent growth in fixed income mutual fund assets has exploded and could potentially overwhelm the dealers’ balance sheets and thus…

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