Itâs very possible, if not very likely, the vast bulk of retirees want to simple relax. Chances are theyâre more ready than others think, and just as ready as they want to be. Maybe thatâs the metric every fiduciary should be focusing on.
Posts From Christopher Carosa, CTFA
âMillennials seek instant gratification. Putting money away today to live off of forty years from now isnât nearly as sexy as a trip to Thailand with your girlfriends or tickets to the World Series. Iâm not saying thereâs anything wrong with that, but youâve got to strike a balance between today and tomorrow.”
Ultimately, it will be the tort bar that offers the enforcement and the subsequent consequence for poor decision making on the part of plan sponsors and service providers. Rest assured all sides will be discover the regulatory fence in their once open fields.
The world of finance is unforgiving. You canât sweet talk your way out of a bad decision and, quite often, a blunt demeanor can get a job done more effectively and efficiently than the soft ambiguity of diplomatic language.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 11/25/16
Retirement Policy Ideas, Grasping for Fiduciary Straws, and Redefining Fees.