It’s not rocket science, but it’s not easy – either saving in the first place and then investing for the long-term, which means 20-year olds better be as comfortable riding the market as much as they are riding an amusement park roller coaster.
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States of ERISA, fiduciary whirlwind, Fee Fear Factor, and targeting TDFs.
“Fiduciary” means “Forever,” you can’t take back “Forever” and risk takers/followers.
Are we burying the 401k to dredge up the rotted carcass of an extinct notion, or are we burying it as we bury a seed, to feed it, to nurture it, so it may grow into a mighty tree that bears fruit when we need it.
More on state-run retirement, Fiduciary Rules Final Breath, and, who know, its was never about preventing conflict-of-interest fees at all.
Oft-quoted professor Pfau also says you can’t turn back fiduciary, Rule or No Rule, and there’s still no easy way to compare reverse mortgage options.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 2/17/17
State-run backlash, fiduciaries on a pinhead, and still misunderstanding fees.