Stocks whipsawed in Q2-rising in April, falling through May, then recovering in June-but the S&P 500 Index managed a 4.3% gain for the three-month period. Economic reports for the quarter continued to show strength in the U.S. economy, but investors grew concerned over increasing risks og a global slowdown. Stock…
If you like riddles, news headlines provide great fodder for deep thinking. Here is a good one: What has been in the news since 2010, has been tossed around like a hot potato and is intended to stop money from unwittingly slipping through your wallet? Give up? It’s the fiduciary…
Each year, the Nobel Prize committee recognizes individuals for their lifelong work to further the study of medicine, physics, chemistry and economics. The accomplishments that the Nobel committee recognizes are significant contributions to the laureates’ respective fields, but are often obscure and generally unappreciated by the public at large. That’s…
I wrote last month about the damages assessed against the plan sponsor, Edison International, in the renowned Tibble case. If the $7.5 million awarded to the plan participant plaintiffs wasn’t enough, the district court judge in the case tacked on another $5.6 million in damages. (This article offers a good…
Do you know who’s who in the world of the 401(k)? With 401(k) plans set to celebrate their 40th birthday in 2018, their popularity continues to grow. Assets neared the $5 trillion mark at the end of 2016. 401(k) plans are a great way for participants to save for their…