Posts by Jay Jandasek
The Best Online Tools for Personal Finance – WSJ
June ’09 Newsletter: Oh, If Only I Could Have My Quarterly Statement Now!
Most stock funds up double digits this quarter; Foreign funds gain 30% or more
At the end of February, we wrote the following in our newsletter:
Target-date Funds Under the Microscope
Robert Powell’s article on Marketwatch is a well written overview of the concern Congress has regarding these funds’ performance and construction, which consequentially were given Congress’s blessing in the ’06 Pension Protection Act. However, it was clearly stated in the PPA that a company’s fiduciaries must do their due diligence in reviewing these funds, just like the other investment options in the plan
Read MoreAmerican Benefits Council Opinion on 401(k) Participant Advice : Just Keep it Free of Conflicts
After reading the ABC’s opinion on participant advice, which is being openly scrutinized by various organizations trying to protect the 401(k) participant, I feel it was the most clear and concise of the responses I have read thus far. The following is our interpretation of its points: Don’t Eliminate Advice and Account Management – “Over-swinging…
Read More3 Simple Steps on How to Decrease the Risk of Participant Lawsuits
Step #1: Take Advantage of the Available Safe Harbors. Participants need help, and one of the safe harbors specifically helps participants and protects plan fiduciaries alike. The PPA created the role of PPA Fiduciary Adviser, which provides investment advice for a fee. Most providers have not responded because the regulations are simply too onerous. However,…
Read MoreGrand Rapids 401(k) Expert is Featured Panelist at ’09 fi360 National Conference
Chad Griffeth spoke on a featured panel regarding employee 401(k) advice, and BeManaged’s unique ability to deliver fiduciary advice to participants on a 1on1 basis, while also minimizing their clients’ exposure to fiduciary liability for their 401(k) plan.
Read MoreMay ’09 Newsletter: U.S. Stock Market Generates Best Two Month Gain Since 1975 – Are We Done Losing Money?
Changes in inflation remain largest danger to stock prices
Investors across the board enjoyed the benefits of the largest stock market rally in over fifteen years in April. Balanced portfolio grew by 7% in the month…
April ’09 Newsletter: World Stock Markets Bounce Off Lows in March – Growth Funds Outperforming in 2009
Almost half of the losses from January and February are erased, more gains possible over the next few quarters
Read MoreMarch ’09 Newsletter: Market Declines Continue in February- Will Investors Ever Make Money Again?
Stocks around the world fall over 10% in February: Losses approach 19% for 2009
Much like 2008, retirement plan investors are finding no place to hide their money during this steep market decline.
Read MoreInvestment Behavior and Traffic – An Analogy
“Investing is like being stuck in traffic: the lane you’re in is moving to slow so you jump over to the one that appears to be going faster, but when you get there that lane slows down to because of all the other people that jumped into it”.
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