Your 401k Plan’s Emotional Bank Account

Stephen Covey was an American author, educator, businessman and public speaker who passed away in 2012. His most favorite book, the seven habits of highly effective people, sold 25 million copies worldwide. In the book, he creates a powerful metaphor called the "emotional bank account." We all know how our regular bank account works; when [...]

By | 2017-08-22T18:54:28-04:00 January 12th, 2017|Uncategorized|0 Comments

39 Percent Of 401k Participants Don’t Save Enough To Get Full Match

While there is more than enough 401k advice out there, the most important factors for successful participant outcomes remain: 1) Defer enough (recommended amount nationally is 10%) 2) Invest in the right allocation (mostly equity when you are younger) 3) Keep fees reasonable (No more than 1% year) 1 and 2 are the most important, yet research indicates participants still don't [...]

By | 2017-08-22T18:54:55-04:00 December 22nd, 2016|Uncategorized|0 Comments

My Investor Who Was Concerned About The Election

The e-mail came in Friday before the election. My investor was very concerned and wanted to liquidate most of his equities and "sit on the sidelines for a few weeks."  And when the "dust settles" reinvest accordingly.  I'm assuming this investor had a hunch Trump would win, and thought that it would cause his portfolio to [...]

By | 2017-08-22T18:55:23-04:00 November 17th, 2016|Uncategorized|0 Comments

Hillary Clinton, Donald Trump And Your 401k

With less than a week to go before the election, many 401k plan sponsors may wonder how the outcome may affect their plan. I have seen all kinds of opinions on this, such as the "Presidential Election Cycle Theory" which holds that, regardless of who wins, the equity markets are weakest in the year following [...]

By | 2017-08-22T18:56:07-04:00 November 3rd, 2016|Uncategorized|0 Comments

Pro- Finder Contest Story

My business is providing objective and transparent financial and administrative advice to small/ mid-size companies that sponsor 401k plans for their employees.  This venture has been very rewarding as I  impact people's lives in a positive way. As we move from an era of financial dependence on corporate benefits and government entitlements in retirement to a time of [...]

By | 2017-08-22T18:58:38-04:00 November 1st, 2016|Uncategorized|0 Comments

Alphabet Soup And The Insanity Of 401k Share Classes

In the 401k world a practice that was known as "revenue sharing" has come under scrutiny.  The concept:  A mutual fund or insurance company offers multiple share classes, often associated with a letter.  The various share classes own the same securities; the only difference in these share classes is the cost.  The lowest cost share [...]

By | 2017-08-22T19:00:43-04:00 July 28th, 2016|Uncategorized|0 Comments

Cruising On Autopilot Checking The Engine

In our last post here, I pointed out the importance of featuring managed portfolios, usually target date funds, in 401k line-ups as research has shown that the majority of participants lack the time and interest to select and monitor their portfolios.  Cruising on autopilot, in other words. That said, when one cruises on autopilot, they [...]

By | 2017-08-22T19:01:47-04:00 June 23rd, 2016|Uncategorized|0 Comments