That’s what a new education can focus on. Instead of the same-old-same-old of emphasizing “saving early and often,” education should think past the sale.
Posts From Christopher Carosa, CTFA
Here’s the irony of the tax saving incentive. If it’s wildly successful and leads to very large retirement accounts, the required minimum distributions at retirement may place the now retired employee in a higher tax bracket than the one experienced while working.
Remember when people said it wasn’t about the return, it was about the cause. Well, it turns out it was about the return.
You cannot understate the fiduciary aspect of lower fees. Most 401k plan sponsors, and especially those in smaller plans, don’t have the time or expertise to administer their company’s retirement plan. If they skimp on fees, are they also skimping on the fiduciary protection those professionals are supposed to provide?
Government creep, same old fees, and what happens when fees drop.
“The ERISA plaintiffs’ bar has overlooked the potential value of the Restatement’s prudent investor rule and its application to litigation involving 401k plans.”
Don’t get fooled again, never give up/never surrender, and rates jumping the shark
This dilemma isn’t new. Trust officers have had to face it for generations. It’s called a “split-interest” trust. Multiply this split interest problem by the number of beneficiaries in a typical retirement plan and you can see how this conflict grows more complex.
Time to bury Social Security? Mr. Market, and overthinking investing.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/5/23
For every action… A broken clock… and… These are not the bonds you are looking for.