Practical analysis for investment professionals
06 February 2014

Weekend Reads for Finance Pros: myRA, Emerging Markets, and Women Investors

Posted In: Weekend Reads

Over the past couple of weeks, two of the themes that dominated headlines in the US financial press were emerging markets and retirement, specifically President Obama’s “myRA” proposal.

Here are a few articles on both these topics, in case you missed them, along with some other interesting reads.

Retirement

  • MyRA: Not ‘Like a Roth IRA.’ It IS a Roth IRA” (Oblivious Investor)
  • The New MyRA Roth IRA Proposal: A Financial Planner’s Guide To Everything We Know So Far” — i.e., as of February 3rd. (Nerd’s Eye View)
  • While there were plenty of stories on myRA, another retirement-themed back-and-forth caught my eye. First there was this: “A Pension Promise to Oneself,” published in the Financial Analysts Journal (login required). In short, “Saving for retirement is not hopeless. Well-run DB pension plans provided retirement income for generations. When plans failed, it is because they broke the rules. The same applies to individuals. By understanding a set of rules on how much to save and how to invest and then sticking to those rules — that is, by making a pension promise to oneself — retirement income goals can be met. Fulfilling this promise requires more saving than most people are accustomed to.” Just how much more? Twenty two times the annual income you want to earn when you retire.
  • The research in the article prompted Jason Zweig of the Wall Street Journal to pen a column on the matter:

Investing/Emerging Markets


Economics

Behavioral Finance

The Advisory Business

And Now For Something Completely Different


Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Photo credit: ©iStockphoto.com/hocus-focus

About the Author(s)
Lauren Foster

Lauren Foster is a content director on the professional learning team at CFA Institute and host of the Take 15 Podcast. She is the former managing editor of Enterprising Investor and co-lead of CFA Institute’s Women in Investment Management initiative. Lauren spent nearly a decade on staff at the Financial Times as a reporter and editor based in the New York bureau, followed by freelance writing for Barron’s and the FT. Lauren holds a BA in political science from the University of Cape Town, and an MS in journalism from Columbia University.

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