Category: Defined Contribution Plans and Sponsors
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SECURE ACT 2.0: Using 529 Accounts to Fund Roth IRAs
Let’s face it. Most of the funding of 529 accounts comes from higher-net-income parents, and/or wealthy grandparents. One of the problems with 529 accounts is that – if the money is not utilized for college (for example, the beneficiary does not attend college, or receives a good scholarship) – then alternative uses for the 529…
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Cryptocurrencies: Signed Pieces of Paper in Search of the “Greater Fool”
Do cryptocurrencies possess any real value? Years from now, this fad will pass.
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Inflation Hits This Couple Hard
Author’s note – this article was written in January 2022, prior to Russia’s further invasion of Ukraine. Since then, gas prices have soared to over $4.00 a gallon (with further increases likely), and food price increases are widely anticipated. Inflation is expected to run at around 8% year-over-year as of February 2022, with a potential…
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Fiduciary Papers #2: ERISA, Plan Sponsors, Fiduciaries, and the False Argument of “Choice”
A recent U.S. Supreme Court decision rejects the false argument of “choice” often raised by opponents to fiduciary duties.
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The Fiduciary Papers #1: Fiduciary vs. Arms-Length Relationships
We begin our exploration of fiduciary duties, as applied to financial services, by first exploring the distinction between arms-length and fiduciary relationship
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Plan Sponsors: “Fiduciary Warranties” and “Due Diligence” Representations Don’t Necessarily Offer You Much Protection
“Fiduciary Guarantees” are often meaningless. Plan sponsors should ONLY engage fiduciary investment advisers.