The twist is this: The bad news is only a fraction of the people will be able to save $4.3 million for retirement because the average salary is too low. The good news is most people won’t need to save $4.3 million because, thanks to living on a low average salary, they are accustomed to spending far less.
Tag "Gen Z"
It might suit 401k plan sponsors and fiduciaries to tell this story of the generations to help the next generation avoid the mistakes of past generations. This tale provides many good tips about the dangers of investing in extremes, be they too conservative or too aggressive.
Risk without reward, fiduciary law precedent, and, yes, high fees are bad.
Retirement policy conflicts, shifting sands of fiduciary, and turning the screw on MPT.
Fiduciary freedom, colleges getting schooled on fees, and the virtue of investing patience.
“Living longer is only part of the new old age – the desire and the market opportunity is how to enable living longer better.”
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/24/19
SECURE Act recap, BI coming, and ESG sizzling.