Over the years, so-called personal finance experts have provided valuable information—but also a smattering of misinformation—but I can think of none quite as egregious as some remarks recently made by Dave Ramsey. By now I’m sure you’ve heard—or heard about—his “counsel” with regard to acceptable... READ MORE

Financial “expert” Robert Kiyosaki, famed author of Rich Dad Poor Dad, recently called the 401(k) a horrible retirement plan, trotting out the same old tired tropes in what appeared to be a calculated effort to get attention rather than any attempt at a reasoned argument. Out-of-context comments... READ MORE

Listen on iTunes | Listen on Spotify | Listen on Google Podcasts The momentum around retirement income products has gained steam as participants are increasingly interested in adding a strategy for guaranteed lifetime income. With a wide range of features, fee structures, and implementation... READ MORE

Almost 150 years ago, the American Express Company established the nation’s first private pension plan in an effort to create a career-oriented workforce. Back then, around 75% of men over age 65 were still in the workforce, and the main concern was helping families to provide for their aging... READ MORE

On Nov. 3, the Department of Labor published its proposal to (1) redefine an “investment advice fiduciary” under ERISA and (2) also modify the prohibited transaction exemptions available to such fiduciaries. That is, the proposal would (1) change who is an ERISA fiduciary and (2) the conditions... READ MORE

The guidance the IRS just issued in Revenue Procedure (Rev. Proc.) 2023-37 on qualified and 403(b) pre-approved plans made some significant changes in order to conform, clarify, and update the rules. Here’s a look at some of the key changes, which generally became effective on Nov. 21, 2023, with... READ MORE

Humans typically reject new technology, at least initially. Cars were killers and electricity sorcery, and so it is with artificial intelligence (AI), a Skynet-supported superintelligence network that will doom us all. Or maybe not—at least with financial advice. Integrated wealth management... READ MORE

Hear Full Episode: Listen on iTunes | Listen on Spotify | Listen on Google Podcasts The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO... READ MORE

Hear Full Episode: Listen on iTunes | Listen on Spotify | Listen on Google Podcasts The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO... READ MORE

Will the widespread adoption of annuity options within the retirement plan ever happen? What will it take for plan sponsors to feel comfortable enough to include them in the investment menu? The answers aren’t easy, and LIMRA notes that the vast majority of defined contribution (DC) plans—an... READ MORE

The release of a proposed regulation that provides guidance on the “long-term, part-time employee” (LTPTE) rules a mere 25 working days before they’re effective places too great a burden on plan sponsors to comply, the American Retirement Association (ARA) wrote in a letter to the Internal Revenue... READ MORE

On Oct. 31, the Biden Administration rolled out its long-anticipated update to the fiduciary rule.  While it has a new name—the Retirement Security Rule—it builds on and extends the Labor Department’s reach by focusing on both the needs and perceptions of the retirement investor and eliminating... READ MORE