Today, directly or indirectly (“back door”), every wage earner can contribute to a Roth IRA. So, to benefit your (great)(grand)child through “long term investing”, you might consider funding a Roth IRA and/or Roth 401k.
The most pertinent issue may not be the fiduciary imperative, but the marketing imperative. This makes things extremely difficult for the 401k plan sponsor who may sometimes confuse which has priority. Here’s an example of why a plan sponsor might be concerned.
Common sense at the DOL? Throwing in the Fiduciary Towel? & Ain’t It Nice To Be Talking Investing Again?
Do you know the answers to the most important MEP/PEP questions – or do you only think you know the answers to the most important MEP/PEP questions?
Rockin’ regulators, fightin’ fiduciaries, and investment nobody is asking for.
“That is one of the key weaknesses of the SEC’s Reg BI. It allows brokers to claim they are working in an investor’s best interest without being held to a legal duty of loyalty”
IRS on the move! Recordkeeping fees under attack! And investing is back?
If plan sponsors want to alleviate retirement angst among plan participants, they need to ensure they provide full transparency regarding factors that extend beyond the plan. Plan sponsors have an obligation to explain their retirement benefits within the context of these outside factors.
Pension problems redux, Fiduciary Rule redux, and 1929 redux.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/3/20
More compliance that matters, a new Fiduciary Rule, and investments that don’t matter