Showing entries with the topic “Investments”.
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In the world of 403(b), variable annuities have been a lightning rod for criticism by anyone paying attention. And, for good reason, with the caveat that there are some variable annuities offered by low-cost providers that shouldn’t be lumped in with the rest. However, in the large 403(b) p…Read more
Recently, we wrote a Top of Mind post about how the University of California (Cal) took the bold step of adding CITs to its 403(b) plans. For decades, CITs have been the sole domain of annuities and mutual fund products. As we noted, while it’s been known that CITs are a permissible inve…Read more
The University of California 403(b) Plan Changes: Can 403(b) Plans Now Invest in Collective Investment Trusts?
Robert Steyer of Pensions and Investments recently broke the story on the University of California becoming the first (of which we are aware) 403(b) non-church plan sponsor to offer collective investment trusts (CITs) in its 403(b) plan. This development was somewhat surprising, given the fact…Read more
I recently Tweeted my amazement at a ThinkAdvisor article that cited an Arizona State professor’s study indicating that only 4% of stocks in the history of the U.S. stock market (from 1926-2015) had lifetime returns that outperformed one-month Treasury bills over their lifetimes. Could this reall…Read more
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…Read more
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…Read more
Two of our clients, the University of Massachusetts and the Oklahoma State University and A&M System, were selected by PLANSPONSOR as 2017 Plan Sponsor of the Year finalists. My colleague, Jeff Snyder, had the opportunity to discuss the initiatives that made them worthy of recognitio…Read more
While many things have changed in my 25 years at Cammack Retirement, some things have remained the same. One of those is the tendency for retirement plan sponsors to offer too many investment options to their participants. It is not unusual to come across plans with tens, or even hundreds, of …Read more
As I write this at the close of February, the S&P 500 is up a robust 5.57% for the first two months of the year. The last seven calendar years have seen an increase in the S&P 500 each and every year, averaging approximately 15% per year since the last correction in 2008. Other equity ind…Read more
Welcome back to Back to Basics! The inaugural edition of Back to Basics featured an explanation of some important retirement plan investment terms. However, there were too many terms for one Top of Mind, so we continue this week with part two: Target Date Fund (TDF) — Also known as a l…Read more