Are Annuities a Viable Retirement Solution?

A basket of golden eggs

As more Baby Boomers close in on their ultimate retirement date, the dilemma of how to offer them choices for cashing out their retirement accounts becomes a pressing issue. I’ve seen many employers design their plans to pay out a lump sum only – leaving the retiree to figure out how to structure their income… [Read More]

Uncertainties in the Market Are No Reason to Panic


Brexit…what Brexit? When I started planning this blog several weeks ago, the markets were in deep turmoil. British voters had just unexpectedly voted to leave the European Union and the U.S. stock markets had a severe reaction. The Dow Jones Industrial Average dropped over 600 points the day the news broke and fell more than 250… [Read More]

Obama Pushes to Expand Retirement Savings

retirement cost savings

Last month, the White House unveiled several proposals intended to expand retirement savings to more than 30 million American workers. President Obama introduced these items to Congress last week as part of his 2017 budget. But before you get too excited, it may be a while before, or possibly never that, workers will start seeing the… [Read More]

The Unanswered Questions of Tibble v. Edison


When the Supreme Court sent Tibble v. Edison back to the lower courts earlier this year, it left unanswered the primary questions about what level of plan fees is acceptable and what duty fiduciaries have in monitoring these fees. Tibble v. Edison involves participants suing their employer for offering investments at a more expensive cost… [Read More]

DOL’s Fiduciary Proposal Can Mean Big Changes, but for Whom?


When the Department of Labor (DOL) recently announced proposed regulations updating the ERISA definition of a fiduciary, many industry heavyweights publicly proclaimed that this was going to hurt the small investors by causing brokers to exit that end of the market. Meanwhile, some advisors have used the news to call my clients, warning them how… [Read More]

SCOTUS Gives Concern to Qualified Plan Sponsors

SCOTUS, Supreme Court

Enough about ACA, SCOTUS now directs employers’ focus onto their qualified plans. This week in Tibble v. Edison, the court ruled that it is no longer sufficient for plan sponsors to just offer sufficiently diversified investment options to avoid potential fiduciary liability; they must now monitor these investments. The floodgates are about to open to… [Read More]

How Many Investment Options Are Too Many?


In offering a retirement plan, plan sponsors must walk a fine line between offering enough investment options to allow employees true diversification and offering so many options that employees get paralyzed by indecision. Often, it is difficult to determine what the correct number should be. How many are too many? There’s really no magic number… [Read More]

Re-Enrollment: A Step Too Far?


There will be some in the retirement industry who disagree with me, but I think that the trend of re-enrolling all employees on a regular basis and defaulting their investments into target-date funds, even if the participant had previously picked another investment, is taking the employer’s role as plan fiduciary a step too far. Don’t… [Read More]