For all the talk and concern about Congress cutting the contribution caps for 401k plan, the real news appears to be just the opposite. Sometimes, it’s better to wait for the final result rather than get worked up about what you think may happen.
Tag "401k"
Congress may be zagging when common sense says it should be zigging. Or maybe not.
Cap Cutting, Back Burners, and Eternal Truths
While much has been written of the lack of retirement savings among Americans, the most widely talked about change – lowering the cap on tax deductions – could exasperate the lack of retirement savings.
Fiduciary irony, fee disbelief, and investment deja vu.
For that to work, however, it’s not enough to change the titles brokers use – to make them call their sales representatives “salespeople” and call their services “sales recommendations” – you’d also have to completely change the way they market themselves so that their marketing messages are consistent with their regulatory status.
The wrong way to save retirement, the truth about “clean” shares, and Investing: It’s all your fault!
This is not to say the 401k is perfect and that there’s no need to improve it. These improvements, though, would be more like tweaks rather than wholesale changes.
Compliance test, plan sponsor fiduciary awareness, and the similarity between Paul McCartney’s grandfather and the future of mutual funds.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 11/3/17
401k Caps Survive, Fiduciary Time-Out, and the Stocks Shall Rise Again!