Tamiko Toland

@TerriGerstein sciencebasedmedicine.org/masks-revisite…

Can one of the amazing epidemiologists I follow explain the Cochrane study on masks that’s getting so much airplay?

Is this really the time for plans to cover the bases of retirement income? My position is well known but @FinkeonFinance and @btreichelesq will paint the picture from where they sit!

Well-written article by @RJPIII for @MarketWatch on contingent deferred annuities, which allow advisors to hold investments outside an annuity wrapper and buy pure retirement income protection. A fascinating concept. Comments by @TamikoToland @RetireOne marketwatch.com/story/this-ins…

@TamikoToland @TIAA Congrats @TamikoToland - good to have you as an advocate for #guaranteedincome in #401k

@AnnuityGov @TIAA Thanks!

@TamikoToland @TIAA Sounds like an awesome opportunity and role, Tamiko. Best of luck and congrats!

It's official! I'm jumping on board with @TIAA on Monday as Managing Director, head of lifetime income strategy and market intelligence. What an incredible opportunity to be part of a team that is committed to making a difference.

@mwalno @TIAA We're on a roll, baby!

@FinkeonFinance @washingtonpost Oh oops that was from the @SingletaryM piece but it also appeared in that particular article. I have the receipts.

@FinkeonFinance Great article but come on, @washingtonpost -- that ad in the middle of that article is ironic (to say the least).

.."my disdain is reserved for the big players who are marketing this to a mainstream audience as though it’s an investment, often promising to be a ticket out of a really tough financial spot for people who don’t have many options. It’s very predatory." washingtonpost.com/technology/202…

@KFILE I went to PT for it and, in addition to the stretching, did weighted calf raises. I continue to do calf stretches (straight knee+bent knee and deep squat) and the calf raises but it turns out I don't have PF, so I can't say whether it worked for me.

Do any runners who came down with plantar fasciitis have tips? Started having heel pain seemingly out of the blue last Friday. Nothing seems to make it better. Super bummed because I signed up to do the NYC Marathon to raise money team beans in November. Haven’t run in a week.

🤔 How does a plan fiduciary select and monitor lifetime income solutions? Good question: it's not the same as evaluating investments. The key is to focus on fair comparisons and outcomes, not just fees. Thanks to @nevinesq at @NAPA401K @usa_retirement napa-net.org/news-info/dail…

Everybody should get $ for their work. Compensation isn't the enemy, and it's counterproductive to suggest that there's a "pure" comp model. Can people respond to incentives in a way that hurts clients? Absolutely. Every comp model has incentives--let's not pretend otherwise. END

Another 💡: the connection between comp model and client recommendations is understandable but there is no "pristine" comp structure. Fee-based rewards asset growth, not spending. I'm not implying that RIAs do the wrong thing for clients based on comp. 3/x

💡The same applies in retirement! The savings mode and fear of uncertainty cause many retirees to underspend. It is hard to shift this mentality and an annuity is a great tool to give people permission to spend. Emotion is a huge part of $ decisions. 1/x

But by the same token, a commission model is not fundamentally 👹. Financial professionals should do the right thing for clients and things like reliance on referrals encourage good behavior. Lower-wealth clients need help & may be a poor fit for most fee-based advisors. 3/x

We often talk about people having a dysfunctional relationship with $ when they are in a bad situation and need to make changes. But it happens on the flip side with under spending. Sure, a good problem to have but savers deserve to enjoy the fruits of their diligence. 2/x

@benjipitts @nevinesq @NAPA401K @btreichelesq It depends. Some do exactly that (fitting within the fixed income sleeve) and some provide a guarantee around the entire TD portfolio. There are other solutions, too. Most are geared to work as QDIA.

@TamikoToland @nevinesq @NAPA401K @btreichelesq Interesting. So do most lifetime income products being proposed within retirement plans represent n% allocation in a broader target date-type vehicle where n% is determined by a clients age and/or risk tolerance? And the remainder is allocated to traditional funds?

🤔Why should a plan sponsor go through all the work and take on the risk of adding lifetime income solutions? Check out the 🎯 answer to this and 4 more 🌋❓s here: napa-net.org/news-info/dail… Thanks to @nevinesq and @NAPA401K for sharing. @btreichelesq

❤️-Sponsors DO want employees to remain IN #401k plan through #retirement & participant gets #fiduciary advice, institutional pricing & hopefully access to #guaranteedincome solutions! Ps. It’s also good for sponsors as those balances should be highest @davidmblanchett

@mwalno @RetirementRisks Aging is a privilege. :)

@RetirementRisks And that’s a good thing!

To the #birthdayboy @RetirementRisks - back when he had hair! Happy Birthday 🎉🎊🎂🎈 🥳