In my last post, Alternative Assets (1), I said that a surprise in the DOL’s proposed regulation on selecting investments was that it went beyond alternative assets and asset allocation investments, which were the focus of last August’s Executive Order, and instead applied to all investments in participant-directed plans—both traditional
Last year, I asked ChatGPT to write lyrics for a country and western song about retirement . . . about the uncertainty of moving into a new phase of life. It wrote these lyrics about a cowboy who had a 401(k) plan. While we don’t often think of cowboys having
Last year I had ChatGPT write this Christmas song. It’s a 401(k) Christmas song. Hopefully it will bring cheer to you, as it did for me. I wish you the very best for these holidays and for the new year!
I’m traveling this week, but I wanted to leave you with something while I’m gone. Last December I posted a Christmas 401(k) retirement song, The 401(k) Christmas Song – Fred Reish. I thought I would follow up on that by posting the lyrics of another 401(k) retirement song. So, as
Key Takeaways The private fund industry is making inroads into 401(k) plans—attracted by the assets in those plans. The Trump administration has indicated that it will reduce the requirements for retail investors to invest in private funds (e.g., by lowering the accredited investor and qualified purchaser thresholds). It seems likely
Key Takeaways The SECURE Act 2.0 required that “new” 401(k) and private sector 403(b) plans automatically enroll their eligible employees, but not until plan years beginning after December 31, 2024…just days ago. “New” plans include most that were established on or after the enactment date of SECURE 2.0—December 29, 2022.
As some of you all know, I have asked ChatGPT to write lyrics for retirement songs…because I co-host a podcast on retiring. However, this time I asked it to write a Christmas carol, and it did. Enjoy! Also, regardless of what holy day you honor, or if you don’t honor
Key Takeaways SECURE Act 1.0 required that long-term, part-time (LTPT) employees be allowed to defer into 401(k) plans beginning January 1, 2024 for calendar year plans. However, plan sponsors are not required to contribute for them. LTPT employees for SECURE 1.0 are those who have worked at least 500 hours
Key Takeaways The SECURE Act 2.0 required that “new” 401(k) and private sector 403(b) plans automatically enroll their eligible employees, but not until plan years beginning after December 31, 2024…just weeks from now. “New” plans include most that were established on or after the enactment date of SECURE 2.0—December 29,
Key Takeaways The SECURE Act 2.0 required that “new” 401(k) and private sector 403(b) plans automatically enroll their eligible employees, but not until plan years beginning after December 31, 2024…just weeks from now. “New” plans include most that were established on or after the enactment date of SECURE 2.0—December 29,
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