Chefs Who Don’t Eat Their Own Cooking

Feb 12, 2014 | 401k, Blog, Fiduciary, News, Retirement Planning, Wall Street Greed

For these well-known financial companies, their proprietary funds really mean “Cooking so good, we sell it to clients, but not eat it ourselves! Irony is good food almost anywhere you find it, unless of course, you’re forced to eat your own. After Ameriprise Financial...

Two Minute Tax Tips for Year End

Nov 19, 2013 | 401k, Blog, IRA, News, Retirement Planning, Self-Employed, Tax Planning

Don’t Forget Your Contributions If you turned 50 this year you are entitled to a catch up contribution of $5,500 for your 401(k). It is not too late to catch up for 2013. Also, anyone with compensation can contribute to an IRA. It’s the deductibility of the IRA...

Use Your IRA for Charitable Giving

Nov 19, 2013 | Blog, Charitable Giving, IRA, Retirement Planning, Tax Planning

Yes, but you need to be over 70-1/2 and do it before the end of the year.  If you don’t need the income and have charitable contributions to make, don’t overlook this great way to kill two birds with one stone, called a Qualified Charitable Distribution (QCD). The...

How Plan Sponsors Can Avoid Problems

Oct 1, 2013 | 401k, Blog, Fiduciary, News, Retirement Planning, Self-Employed

Avoid problems with your 401k with sage advice from the Oracle – Ary Rosenbaum:  http://www.jdsupra.com/legalnews/the-hidden-dangers-for-the-401k-plan-s-26704/ Mr. Employer, follow these effective guidelines: Offer your employees investment education so they can...

Target Date Fund Fees Subject of Lawsuit

Sep 25, 2013 | 401k, Blog, Mutual Funds, News, Wall Street Greed

Stay out of Target Date-Rape Funds folks.  The layering of fees is expensive and deceptive.  American Chemicals and Equipment is suing Prinicpal over some questionable accounting used to disclose fund fees.  Howbout $120 million in “acquired fund fees” for...

ING Sued Over 401k Revenue Sharing

Aug 13, 2013 | 401k, Blog, Employee Benefits, Fiduciary, News, Retirement Planning, Self-Employed

A  district court in Connecticut ruled ING Life Ins. and Annuity Co. (“ILIAC”) a fiduciary related to its revenue sharing practices and scheduled a four week trial to begin anytime after September 3. The lawsuit, Healthcare Strategies v. ING Life Insurance and Annuity...