So one wants his epitaph to read âHere lies John Doe. He beat the S&P 500.â There needs to be an easy-to-understand and easy-to-implement system that properly reflects both your goals and the consequences of failing to meet those goals. Retirement savers want and need a system that represents a better way to set and meet retirement goals.
Posts From Christopher Carosa, CTFA
If you want to understand how sophisticated plan sponsors think, you need to talk to sophisticated plan sponsors. For many years, Dale Neibert served as part of a two-man operation that headed one of the nation’s most sophisticated 401k plans. He explains how this plan sponsor incorporated advance behavioral finance techniques, and how it avoided some of today’s most dangerous fads.
The real retirement crisis, dumbing down fiduciary, and solving wrong problems.
Many professionals and most of the current generation of finance professors have long ago removed âriskâ from their investment decision-making algorithms. These forward-thinking folks recognize the greater importance of managing retirement saver behavior over managing irrelevant investment risk as it pertains to meeting or exceeding the goal of retiring in comfort.
Is there really a retirement crisis? A fiduciary can of worms? And what’s a reasonable fee?
Youâre the one ultimately responsible for all decisions, from picking and choosing what you do and buy to determining how to manage your assets and cash flow stream. Oh, and did we forget to mention this is for the rest of your life?
The church rises as the state falls, fiduciary fireworks, and the coming investment civil war.
Itâs understandable, given the many hats plan sponsors wear, that mistakes will be made. The challenge is to not dwell on them, but to have a reasoned and determined process to address and correct them.
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FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/21/17
The Social Security conundrum, leveling the fiduciary playing field, and focusing on fees that matter.