Christopher Carosa, CTFA
Exclusive Interview: Ted Beck – 401k Process Must Be Demystified
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.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 12/15/17
Changes, SEC as cavalry, and the revenge of the Alts.
How Anchoring Hurts 401k Retirement Savers
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.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 12/8/17
Practical discussions, wither “Fiduciary”? and understanding fees.
Will Record Breaking Market be the Anchor that Sinks 401k Savers?
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.
5 Reasons Why It’s Better to Benchmark Based on Personalized GOT Return Requirement Instead of Any Particular Market Return
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.
5 Sample Techniques to Convince Retirement Savers to Focus on Their Own GOT Rather than Current Market Returns
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.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 12/1/17
New thinking, delay of game, and moving (too far?) ahead.
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