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.
Posts From Christopher Carosa, CTFA
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.
While this might ruffle the feathers of ESG activists, those responsible for the day-to-day work of picking stocks have the real-world experience to fully understand where Buffett is coming from.
ESG or Social Security, what’s more important?
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 4/28/23
Remember when people said it wasn’t about the return, it was about the cause. Well, it turns out it was about the return.