“[S]kewed articles with sensational headlines have become the norm… 401k plans are the most successful savings vehicle in history.”
Interviews
The Dean of the financial service industry speaks out on robo-advisors, consumer confusion, and the “You” test.
“Advisers should be very scared of being implicated in the lawsuits that will happen.”
“In the future, people will look back on todayâs era with wonder and astonishment, finding it hard to believe there once was a time when the standard was not applied â just as people today look back at racial segregation, womenâs suffrage and similar eras.”
A leader of the field pulls no punches.
The headlines may highlight “High Fees,” but the authors really want to change the court’s view of “fiduciary.”
The DOL might get all the press, but the IRS has played – and continues to play – a significant role in the evolution of the 401k.
âThereâs a relatively simple solution to this. Eliminate the broker-dealer exemptions and the ERISA exceptions.â
“I see the greatest exposure in not being clear as to what the fees are and what they are for.”
“If youâre comfortably middle class, you can make the 401k work as a retirement vehicle.”
