âMillennials seek instant gratification. Putting money away today to live off of forty years from now isnât nearly as sexy as a trip to Thailand with your girlfriends or tickets to the World Series. Iâm not saying thereâs anything wrong with that, but youâve got to strike a balance between today and tomorrow.”
Interviews
Aiken says âThere is no turning backâ on DOLâs Fiduciary Rule as its momentum is âunstoppableâ and regulation is âa lagging indicator.â
The DOL’s Assistant Secretary reveals how she and her staffed learned from initial attempts and why it led to a much stronger Conflict-of-Interest Rule.
â…just in case the politicians fail to act and have to scale back the [Social Security] promise, wouldnât âmiddle class millionaireâ status be a great gift of financial independence?â
âThe SEC systematically failed to enforce for the past two decades, and now the DOL has by necessity forced the issue.â
Here’s the raw, uncut interview with the straight talking industry giant who was on to “fiduciary” before we even knew what it was.
“There is no upside for an employer doing everything perfectly with their retirement plan. The downside risk, however, can be huge. Itâs a risk that just isnât worth the employer taking.”
He says it doesn’t pass the basic smell test, and that’s just warming up…
âLiving longer is only part of the new old age â the desire and the market opportunity is how to enable living longer better.â
Would a “Child IRA” be more successful with an associated government matching program?
