Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 31st, 2018
Advisers Beware and Be Cautious When Talking Taxes in 2018
Most advisers have never gotten any real or formal training on where the line between financial advice and tax advice stands—or how to explain this to a client. One expert warns “advisers need to be front and center about the fact that they cannot offer tax advice, and as such they need to be building relationships with folks who are able to give tax advice, so that they can provide a sense of security for clients.” Read more >
Mutual of Omaha Faces Self-Dealing Suit
According to the complaint, the plan’s fiduciaries violated their fiduciary duties by selecting numerous investment options not to benefit the plan or its employees, but because they paid fees to Mutual of Omaha or its subsidiaries. Read more >
Supreme Court Asked If Two Claims Can Be Filed Regarding Claim for Benefits
In the case, the high court is asked whether an ERISA claimant is barred from alleging a claim for breach of fiduciary duty under ERISA section 502(a)(3) whenever that claimant also has the opportunity to allege a claim for benefits under ERISA section 502(a)(1)(B). Read more >
Meet the 2018 PLANADVISER TOP 100
To become eligible for this quantitative listing, advisers must complete the annual PLANADVISER Retirement Plan Adviser Survey, fielded each September. Respondents are allocated into a category in which they are evaluated—these categories are defined by the number of advisers, plus support staff, in the practice.  Read more >
MOST READ ARTICLES
1
Many Retirees Spending More Than They Expected
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First Deadline Looming for SEC Electronic Disclosure Compliance
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Bristol-Myers Squibb to Terminate $3.8 Billion Pension
4
Employee Knowledge Levels Indicate Need for Financial Wellness Education
5
Butch Lewis Act Said to Fail to Address Multiemployer Pension Deficits
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The Future of the Health Savings Account.
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Singles Behind in Retirement Savings
Thirty percent of singles are not saving for anything, compared with 17% of married people, TD Ameritrade found. Twenty-seven percent of singles have an emergency fund, compared with 39% of marrieds. But even in tough times, 40% of singles would not cut back on eating out, and 25% would not give up buying coffee or take-out. Read more >
Advising Women to Take More Risk
The reason why many women are more risk averse than men when it comes to investing is, primarily, income uncertainty, says Rui Yao, associate professor at the University of Missouri in Columbia, Missouri. And women have different reasons to be uncertain than men, she says. Read more >
Market Mirror
Tuesday, the Dow fell 362.59 points (1.37%) to 26,076.89, the NASDAQ closed 64.02 points (0.86%) lower at 7,402.48, and the S&P 500 decreased 31.10 points (1.09%) to 2,822.43. The Russell 2000 was down 15.29 points (0.96%) at 1,582.82, and the Wilshire 5000 lost 296.25 points (1.00%) to finish at 29,254.84. The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.716%. The price of the 30-year Treasury bond decreased 17/32, bringing its yield up to 2.971%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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