I have recently seen a spate of advertisements from “Securefamily.org.” that attempts to discredit the work being done on pending fiduciary rules and regulations. Since […]
Very few investors know there are two ethical standards for financial advisors. One is a fiduciary standard that requires advisors to always do what is […]
On August 30, 2012 401k plan sponsors (companies, trustees) are required to disclose all plan expenses to plan participants. Expenses are a very big deal because every dollar of expense is one less dollar participants have available to reinvest for their retirements. It is in participants’ best interest to understand ALL of the expenses that are deducted from their accounts for three reasons:
1. Expenses may be excessive in relation to investment performance.
2. Expenses reduce participants’ net performance.
3. Participants may have to defer retirement dates due to high expenses and poor net performance. […]