Reasons for implementing a Qualified Default Investment Alternative

Participants don’t know what they don’t know. After sifting through the June 2017 issue of PlanSponsor magazine, I found yet another staggering statistic that reaffirms not only the importance of retirement plan education, but also the…

What fiduciary liability? I already use a low-cost provider for my 401(k) plan.

Since the first 401(k) fee lawsuits hit the plan sponsor community over ten years ago, plaintiff attorneys have been honing their skills for uncovering potential fiduciary breaches. A recent article by Nevin E. Adams, Excessive Fee Suit Comes…
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401(k) Rule Change Could Reduce Potential Retirement Savings By 43%

Over the weekend, I read an article in the Wall Street Journal entitled “Grab the Pitchforks, Your 401(k) May Need To Ward Off Congress.” This article, by Jason Zweig, presents a genuinely disturbing scenario of our Government taking away…
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The Fiduciary Rule: Does It Matter?

“’I think the genie is out of the bottle,’ Ms. Borzi [Phyllis Borzi, former Labor Department assistant secretary] said in an interview. ‘The market has already spoken. The best interest is what they are asking for and what consumers…
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The Road To A Successful Retirement Begins With An Annual Review

When is the last time you reviewed your 401(k) or retirement account? I’m not talking about opening your statement and taking a cursory glance at the balance. The beginning of the calendar year is a good time to do an annual review. Too many…
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Fritz Gomila in Biz New Orleans

ThirtyNorth's Fritz Gomila contributed to an article in this month's edition of Biz New Orleans magazine. In "Resolving to be Financial Sound", Fritz discusses the challenges retirees face in a low interest rate environment and offers advice…
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The More Things Change, The More They Stay The Same

As I am sure you have heard by now, Bob Dylan was recently awarded the 2016 Nobel Prize in Literature and that the award has stirred much debate. In fact, to add to the controversy, the Swedish Academy that awards the prize, after many failed…
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It’s Only Your Retirement,…

These days, we can hardly pick up a newspaper and not find an article about retirement. Of course, the endless articles addressing the current election often camouflage these articles. Elections, especially Presidential elections, always make…
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Things Can Amount To A Hill Of Beans

Have you ever bought a can of beans at the grocery store? It is pretty easy to do, right? You might be looking for baked beans or red beans, but all you have to do is look for the type you want, check the price and grab the can off the shelf.…
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DOL Fiduciary Rule

On April 6th, the U.S. Department of Labor (DOL) issued its final rule on the fiduciary standard for retirement accounts. The rule stipulates that brokers cannot give conflicted investment advice to consumers in 401k, IRA, or other qualified…