Several companies have announced layoffs over the last few weeks. I thought short refresher on 401(k) rollovers would be helpful. Most individual change careers. They leave more than one 401(k) account behind. Add in a job switch. And a spouse. Soon you have a...
Last week, MarketWatch published a great article on the recent surge in company 401(k) retirement plan lawsuits. This article does a very good job of summarizing exactly how a company 401(k) retirement plan is deficient. The main concerns are poor investment option,...
If you have an IRA or a Minnesota company 401(k), you should be aware of the new U.S. Department of Labor’s (DOL) fiduciary rule that goes into effect this Friday, June 9, 2017. This new rule establishes a higher standard of care for any investment advisor who...
Many of my current clients enjoy reading content intended for investment advice professionals. They have told me that the articles provide them a much better idea of how investment advisors think and how they run their investment advisory businesses. Below is a link...
There has been a flurry of articles lately on the Department of Labor decision to ask for more guidance on the brokerage window option in company 401(k) retirement plans. This option is often referred to as the SDBA (self-directed brokerage account). Charles Schwab...