Tis the season and there’s a carol for everything.
I am behind any idea that puts savings on autopilot and takes a lot of thought out of it. Take for example every time we get a raise in our salary. We should automatically have our savings contributions adjust accordingly when that happens.
Changes, SEC as cavalry, and the revenge of the Alts.
With the introduction of the concept of anchoring, Tversky and Kahneman opened the door to a new way of thinking about and addressing the financial decision-making process. For more than four decades, subsequent research has expanded upon their idea. Yet, plan sponsors and participants continue to remain uninformed of the dangers of anchoring.
Practical discussions, wither “Fiduciary”? and understanding fees.
With a GOT-based strategy, expectations are predicated on needs, not the happenstance of the market. GOT-based portfolios may not have the record-breaking excitement of market indices, but it’s slow-and-steady-wins-the-race philosophy may lead to a more comfortable retirement.
All the preceding reasons logically lead to this one undeniable truth: You either meet your goal or you don’t. All other methods of measurement, all other forms of calculations, all other arbitrary comparisons fail to stand up to this simple, common-sense, metric.
In retirement planning, there can never be any guarantees. That’s why it’s critical that these tools are used continually and consistently. A magician never gives the audience’s eyes a chance to wander.
New thinking, delay of game, and moving (too far?) ahead.
Top 5 FiduciaryNews.com Stories in 2017 for the 401k Plan Sponsor and Fiduciary
Here’s the countdown you’ve been waiting for. Why do you think these particular stories were so widely read? What does that fact tell you about the interests of plan sponsors, their service providers, and retirement industry regulators? The articles that caught the greatest interest may indicate not only answers people seek but future directions they intend to go. Let’s take a look.