The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA. The administration believes the rule is needed because conflicts of interest are causing 401(k) participants and IRA owners to pay higher fees, resulting in smaller account balances.Read More
Articles are about big issues affecting readers, individual or corporate.
Back in the day before private employers dismantled their traditional pensions and replaced them with 401(k)s, if someone told you that they had a pension, you wouldn’t know whether they worked for the public or private sector.Read More
The worst part of being a financial advisor is seeing a client pass away. This year has been especially tough for me, as two long-time clients of mine have passed away.Read More
By striking a balance between new protections for consumers with additional burdens on the financial services industry, Financial Advisor Tim Hayes believes the Department of Labor (DOL) hit a home run with their new retirement advice rule.Read More
The Department of Labor believes that conflicts of interest in the financial services industry are hurting individuals who have retirement plans such as 401(k), SEP, SIMPLE, and IRAs.Read More
Diversification is the proverbial don’t put all your eggs in one basket. So within an asset class like bonds, a diversified investor owns treasury bonds, corporate bonds, high-yield bonds, and international bonds, benefiting from the fluctuations from year to year in returns.Read More