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Showing entries from 2019.

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14

Mar 2019

The Retirement Plan Raiders are Back!

The anecdotal signs were there: increasing calls from “advisors” requesting instructions on how to roll over plan assets from a qualified retirement plan to an IRA (generally with the participant to whom the IRA was just sold in the room). Often, the participant to whom the advisor is providing “gui…

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07

Mar 2019

Social Media Update

You may have noticed that we have made some exciting changes to our Cammack Retirement Group reader experience! In our constant effort to improve, I am excited to announce the following social media enhancements: We launched a new podcast called Revamping Retirement! Hosted by yours truly, Revampin…

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28

Feb 2019

Why Borrowing from a Retirement Plan to Pay off Debt is a Bad Idea

It sounds like a no brainer: you’ve racked up high-interest credit card debt, so to pay it off, you plan to borrow from your 401(k)/403(b) plan at a low interest rate that you (in most cases) pay back to yourself. Thus replacing high-interest debt with loan interest debt - and saving tons of money i…

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21

Feb 2019

Beware of these Heavily-Marketed Recordkeeper Products

I often have retirement plan sponsors ask me, “What is your opinion of Product X?” More often than not, it is a product that has been aggressively promoted by their retirement plan recordkeeper. Now, to be fair to retirement plan recordkeepers, with lower fees and declining margins, they are in an i…

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14

Feb 2019

Simplifying Retirement Plans

According to the latest data, participants are utterly and hopelessly confused about their retirement plans. From lifecycle funds, to the different types of withdrawals/rollovers (a recent white paper cited that participants are more likely to interpret a rollover as a “trick one teaches a dog”), to…

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31

Jan 2019

Decumulation Confusion

Just as the accumulation of sufficient assets is vital to retirement, proper decumulation - or the spending of those assets during retirement - is equally critical. We talk a lot about the former, but not so much about the latter; however as more Baby Boomers age into retirement, this will likely be…

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24

Jan 2019

You Have a Retirement Plan Committee - But Do You Have a Committee Charter?

Retirement plan committees (which are sometimes broken down into separate committees such as an investment committee and/or an administrative committee) serve an important function to ensure that the plan fiduciaries fulfill their responsibilities. While most plan sponsors utilize these committees,…

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17

Jan 2019

Revisiting My 2018 Retirement Plan Trends

A little over one year ago, I made some predictions as to what the hot trends would for retirement plans in 2018. Let’s take a look to see how accurate I was: Next generation auto-enrollment techniques will gain in popularity - Verdict: Unknown. I have not yet seen any studies of 2018 data for tren…

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10

Jan 2019

The Stock Market Soap Opera and Some Basic Math

The volatility of the stock market has become a major news story lately. But, as we well know, there is a tendency for the media to exaggerate. So, is the current stock market “crisis” real - or just a soap opera? And, if the “crisis” has substance, should it cause concern for retirement plan invest…

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