The 401k Blog
Each year you should spend some time evaluating the providers who work with your 401k plan. Assessing the performance of your 401k investment advisor is often the most difficult since he/she may be the captain of your 401k provider team. How can you tell if your 401k investment advisor is doing a good job?read more
The best thing about Wells Fargo’s midyear market outlook may be what it forecasts won’t happen rather than what will. For example, it doesn’t expect a recession in the next 12 months, which is supportive for financial markets, but it does expect the S&P 500 index to end the year below current levels — 4% to 8% lower — and short-term and long-term interest rates to finish higher.read more
As many of you know, the devil is in the details when it comes to Social Security. There are many rules to follow — and changes to those rules — in order to maximize benefits. With that in mind, here are some fundamental points that you should know, courtesy of a webinar with former Social Security Administration Director Kurt Czarnowski, presented by the Retirement Experts Network.read more
A significant factor in helping your 401k plan participants achieve retirement readiness is protecting them from themselves. In other words, helping participants avoid making bad decisions. An important component of that process is minimizing the loss of participant account balances from loan defaults.
Also called leakage, defaulted loan balances are typically removed from participant retirement accounts forever. This account leakage can be reduced by a well-designed 401k loan program. A state-of-the-art 401k loan program has the following characteristics:read more
A long, long time ago, in a world unknown, there were two browsers that ruled internet surfing: Netscape and Internet Explorer; and search engines such as Alta Vista and Excite. They were the kings of Internet browsing.
Then more browsers came along: Safari, Firefox, and then Chrome. And with them more search engines. You might have heard of Google. And Bing. And Yahoo is still with us.
Google is by far the best search engine we have seen yet, but it would have been very easy to think, “Alta Vista and Excite and Yahoo are already out there, how am I going to compete with them?” And the same reasoning could be applied to building a new browser, but the architects of Firefox and Chrome didn’t let the fact that there were already successful browsers out there stop them.read more
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