Top of Mind


24

Aug 2017

Top of Mind Update

First of all, I want to thank all of you for reading Top of Mind over the past two+ years (has it really been that long?).  We know you have many choices from the large universe of retirement plan content, and greatly appreciate that we are included. In that light, I wanted to take this opportu…

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17

Aug 2017

Trends that Matter

In our most recent issue of Trends that Matter, participant engagement and fiduciary responsibility were the hot issues for retirement plan sponsors.  While those trends remain current, others have emerged that should be top of mind with plan sponsors.  The nonprofit sector is reacting …

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10

Aug 2017

Vacations and Work

As I briefly references in last year's Top of Mind on My Week Without a Smartphone, I am not one who subscribes to the theory that working during vacation is evidence of a lack of work/life balance.  In fact, I am on vacation as I write this!  And I do not feel that it negatively impa…

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03

Aug 2017

The 403(b) Monk and What We Can Learn from Him

I recently Tweeted about a fascinating New York Times article on Doug Lynam, a Benedictine monk who left the monastery to become—wait for it—a 403(b) advisor!  And others apparently share my fascination with this story, as this has become my most popular Tweet in my brief Twitter ca…

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26

Jul 2017

Catching Up with OregonSaves

Back in March, I wrote about OregonSaves, the first state-run auto-IRA program in the nation, which at the time was scheduled to be rolled out in pilot form on July 1, 2017. The pilot program was implemented right on schedule, and Jeff Snyder recently caught up with Lisa Massena, Executive Direct…

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20

Jul 2017

Back to Basics: Moving Your Retirement Plan Money

Welcome back to Back to Basics!  In this edition, we will define some basic terms associated with moving funds into/out of/within a retirement plan.   Distribution — Also known as a withdrawal, this is the primary method for receiving retirement plan assets as taxable income. &nbs…

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13

Jul 2017

Another Comment Period on the Fiduciary Rule

On June 29th, while you were no doubt busy preparing for the Fourth of July holiday, the Department of Labor (DOL) decided it would be a good time to issue yet another request for comment on the fiduciary rule.  Releasing items on a Friday, or just in advance of a holiday weekend, has been a co…

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06

Jul 2017

The Importance of Retirement Investing Over Saving for Older Employees

You‘ve heard the same message from many people, including myself:  due to the time-value of money, the earlier you start saving for retirement, the better off you will be when you retire.  When building retirement wealth, the critical factor is the age at which you commence retirement savi…

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29

Jun 2017

Catching Up with Recordkeeper Technology

I spend a lot of my on-the-job time researching the recordkeeping platforms of retirement plan sponsors.  In the course of my research, as of late, I have come across an interesting phenomenon. For lack of a better term, I will call it technology lag. Recordkeeper technology, for the most pa…

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22

Jun 2017

Mutual Fund Trading Costs: The Most Important Fee You’ve Never Heard Of?

What if I told you that there is a fee present in mutual funds that is NOT included in the fund's published expense ratios and is often not publicly disclosed by the fund companies, since the SEC does not require its disclosure?  You might laugh, but it is true. These added fees are known as tr…

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