◀ The Principal Blog

Posts tagged ‘Defined Benefit’

Outrunning the Liability Bear



There’s an old joke, most famously told by Ronald Reagan, featuring two men who are surprised by a grizzly bear in the woods. As the bear snarls and prepares to charge, the first man calmly pulls a pair of running shoes from his backpack and begins lacing them up. The second man scoffs, “What…

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What do My Relatives and PIMCO Have to do with the Future of the Defined Contribution Market?



My relatives recently asked me what they should do with their fixed income allocation now that Bill Gross left PIMCO. My answer was simple: find fixed income funds that minimize sequencing risk. You probably want to stop reading at this point, but please let me finish the story. I suggested to my…

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