It’s clear behavioral finance and economics studies will continue to define the leading edge of 401k design and implementation.
Posts From Christopher Carosa, CTFA
Borzi: “…the average person would prefer to work with people who are legally required to provide unbiased investment advice and put the client’s interests first.”
Would you trust the gov with your retirement? Would you trust a non-fiduciary with your retirement? Would you trust someone who obscures fee disclosures with your retirement?
A three-ring circus might get you excited but, face it, would you rather spend time trying to solve Rubik’s Cube or eating wedding cake?
Who really owns your retirement fund, Fiduciary Rule coming to a head and stupid investments.
It’s like winning the lottery. In exchange for getting money you wouldn’t have otherwise received, you’ll have to give some of it to Uncle Sam. Uncle Sam gets more taxes. You get more money. It’s a win-win!
“The ultimate goal of a 401k plan is to maximize the participants’ retirement readiness.”
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 10/4/13
Gov problems not related to “shutdown,” SEC to water down Fiduciary Standard? and more investment follies