401(k) Plans

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401(k) Plans

What the New Department of Labor (DOL) Fiduciary Rule Means to You

By: Tim Hayes Financial Advisor - posted in: Employers Investment Advisor - Last updated Jun 17, 2019

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.

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What the New Department of Labor (DOL) Fiduciary Rule Means to You

Public Employee Pension Puzzle, Maybe Rhode Island Figured it Out?

By: Tim Hayes Financial Advisor - posted in: Employers Financial Planner - Last updated Jun 18, 2019

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.

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Beneficiary Inheriting an IRA

Financial Advisor Tim Hayes Believes The Department of Labor Got It Right

By: Tim Hayes Financial Advisor - posted in: Employers In the News - Last updated Jun 17, 2019

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.

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The Best Interest Contract Exemption

Diversification and Rebalancing: A Retirement Saver’s Best Friend

By: Tim Hayes Financial Advisor - posted in: Investment Advisor - Last updated Jun 17, 2019

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.

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