By: Jack Waymire | November 20, 2009 | Conflicts of Interest, The Politicians
The Department of Labor recently withdrew a new rule that would have allowed financial advisors, who acknowledge they are fiduciaries and work for fees, to give advice to 401k participants.
As Jason Roberts, an attorney at Reish and Reicher, said, “It seems like someone in Congress gave the DOL an order to stand down.” In my opinion, Wall Street [...]
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By: Peter Market | July 14, 2009 | Bad Products & Services, Investor Information
With the thought that, "if I don’t see it maybe it isn’t so bad", many employees investing in their employer sponsored 401(k) plan have spent more than a year filing their unopened quarterly statements away in their well-oiled shredders.
As it turns out, market volatility, heavy losses and disappearing employer matches are only part of the problem facing [...]
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By: John Burke | July 13, 2009 | Investor Information
The 401(k) world is full of target and life cycle mutual funds which are loaded with high cost and feel good marketing material . These funds do not work in down markets as witnessed by their poor performance last year. They are just another gimmick from Wall Street and the mutual fund industry. According to [...]
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By: Jack Waymire | July 3, 2009 | Bad Products & Services
Target date mutual funds are popular products because they are easy for investors to understand. All investors have to do is select a fund based on their projected retirement date. This simple sounding product is a popular alternative in thousands of 401k plans.
Do they work as represented? Not exactly! As the stock market plummeted the past couple of [...]
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By: Amy Herrick | June 9, 2009 | Conflicts of Interest, Financial Advisors, Financial Planners, Investment Performance
Carefully examine the motives, expected results and the reasons why anyone is suggesting or endorsing it.
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