The third annual TIAA-CREFF Money Matters survey was published earlier this week. I was not surprised by the results as described in the Executive Summary. About 65% of Americans are not at all interested in financial advice. It is easy to understand the real reasons...
I have met with many individual Minnesota investors who have invested thousands of dollars in a financial plan. It is easy for me to throw stones at financial plans. I don’t have the education and the training to create such a document. I am not an expert in tax law,...
Stock market investing is not that hard. If you have the training, experience, and right system in place to manage stock market investments, there are much more difficult jobs. Brain surgery comes to mind. I would bet you that a brain surgeon would say that the job is...
I read a great article on the real costs of 401(k) mutual funds. I completely agree with the analysis. In financial industry jargon, an active manager is a mutual fund manager. Mutual funds make up the vast majority of company 401(k) retirement plan options. Charley...
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...
New rules governing money-market mutual funds issued by the Securities and Exchange Commission don’t go into effect for two years. Even so, you should still be concerned about the money-market mutual fund in your company 401(k) retirement plan account. A money-market...
