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 "Millennial"
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.
Looking for an equal and opposite reaction for those intent on continued delays in saving for retirement? This article reveals 5 effective counter punches.
Tangled compliance, a broken fiduciary record, and irrational fees.
Compliance mixed bag, SEC BI DOA? and “Investments: The Sequel”
Retirement policy freak out, fiduciary rumbles, and “She Loves Fees” (yeah, yeah, yeah).
Risk without reward, fiduciary law precedent, and, yes, high fees are bad.
Potpourri, a fiduciary surprise, and “Out of Date” (Part Deux).
A good fiduciary needs to see through the hype and base decisions solely on matters of import. This isn’t as easy as it sounds. For one thing, hype, like humor, works because it’s based on truth. This mantle of credibility is just enough to lead the fiduciary astray.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 4/19/19
Retirement policy potpourri, New Jersey fiduciary, and the investment gamut.