Nobody’s perfect. It’s unfair to expect recordkeepers to be. Everyone makes mistakes—even recordkeepers. The problem is what happens when a mistake occurs.
Tag "Holmes Osborne"
As with many things, hands-on instruction is generally the best way to achieve this, especially if you make it into an engaging workshop that’s all about the employee and the employee’s dreams, not about the plan.
Those who work with retirees and people saving for retirement often have the best perspective when it comes to guidance pertaining to what is comfortable and what is not. It begins with a very simple definition.
But is that a chance a fiduciary should take with someone else’s money? The answer is so obvious the question should not have to be asked.
A good fiduciary must keep a level head and know when emotions drive investors. After all, if they’re not careful, emotion will drive investors right off the cliff.
How much effort does it really take for ongoing monitoring of an index fund or a target date fund? And does that justify the fees advisers typically charge? And is this why the DOL inserted that reference in Q5 of the Fiduciary FAQ?
Solving a political meme does not solve the problem.
Why have these people failed to learn from history and what can be done to prevent them from hurting themselves?
Like lemmings to the sea, retirement savers default to a controversial product.
His heart may be in the right place, but this industry icon nearly put his foot in his mouth by forgetting the very economic lessons that allowed him to be so successful.
