Will the Fiduciary Standard and the DOL’s new Fiduciary Rule become collateral damage in a Romney victory?
I was sad when it was over. It was like saying goodbye to old friends. I wanted to stay and keep talking. Oh well, there’s always next year…
Will Congress be the Grinch that stole our 401k plans and try to balance the budget on the backs of retirees?
A Play-by-Play citing media articles throughout the year showing how SEC Chair Mary Schapiro misplayed her strategy to hold the fiduciary standard hostage for more Congressional money.
Several early reports suggested the DOL appeared ready to compromise their fiduciary principles by harmonizing with other agencies. The transcript reveals a surprising reality.
Isn’t it ironic that the very people who 401k plans were created to benefit have decided it’s easier to ignore the maze than to constructively participate. Allowing the 401k to evolve up to today’s technology will solve many problems.
While the passage of Health Care Reform muted the market’s momentum in late March, the Goldman Sachs hearings proved the turning point. The folks on Main Street just lost 10% of their retirement savings in less than a month. You can’t blame Wall Street for that.
Has index investing become the soma of savers? Does it place employees – and the markets – in harm’s way? By extension, has the 401k fiduciary now assumed a greater liability?
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