…taking on “smaller” clients – is a possibility, but I believe it to be a remote one. If a financial advisor charges 1 percent a year for assets under management, and a given participant has $100,000 in their 401(k) account, the advisor would make $1,000…
…that they had not given this issue any thought at all. Action with respect to distribution varies significantly by demographics. The good news is that men, seniors, those with higher assets and education, married couples, and those with children in their household are much more…
…that they had not given this issue any thought at all. Action with respect to distribution varies significantly by demographics. The good news is that men, seniors, those with higher assets and education, married couples, and those with children in their household are much more…
…relied upon the “4 percent rule” when it comes to the decumulation phase of retirement savings: Assuming you have accumulated sufficient assets by retirement age, it was widely accepted that if you withdraw 4 percent a year from those savings, you should have sufficient funds…
…file Minimal data about non-traditional investments More data about Collective Investment Funds, illiquid investments, alternatives, and more Little or no separate reporting on self-directed brokerage accounts (SDBA) Mandatory inclusion of amounts in SDBA and a breakdown by underlying assets Service providers making less than $5,000…
…each account in the fund has a person’s name attached to it. However, institutional money market funds, those designated for defined benefit and similar plans, must transact at a floating NAV, meaning the funds’ net asset value can be above or below $1.00. Both retail…
…analysis, data and forecasts to be difficult, if not impossible, to rely on. There is a saying that “markets dislike uncertainty”, which is helping drive stocks downward, with investors moving into “safe haven” assets such as US government bonds, gold and cash. The Chinese economy…
…to help employees establish a reliable revenue stream of income during their retirement; make it easier for employees to transfer their retirement plan assets to a new retirement plan when changing jobs; encourage workers to increase their retirement savings annually through automatic increases in contributions…
…(IRAs) in 2016.” The GAO noted that, when account owners do not claim money from retirement savings accounts or cash checks from their plans, the funds may be transferred to the appropriate state’s unclaimed property offices; assets and uncashed checks from employer-sponsored retirement plans like…
…participant with a huge balance sheet. According the Council on Foreign Relations and the Federal Reserve, the Fed’s assets have expanded from $739 million at the end of 2002 to $3.9 trillion as of January 2019 and has been as high as $4.5 trillion. Most…
…employees, through an Open MEP (Multiple Employer Plan); raise the required minimum distribution age from 70½ to 72; and concurrently remove the age limit for contributing to Individual Retirement Accounts (IRAs). It also would make it easier for employees to transfer their retirement plan assets…
…and market share (i.e. very few companies comprising a dominant share of its industry) have been driving the overall stock market. In 2017, if an investor or asset manager did not hold Facebook, Amazon, Apple, Netflix, Google (Alphabet) and Microsoft (the FAANGM stocks), they would…