Short Term Rate Hike Good for Savers

by Mary Suplee on Jun 15, 2017

inflation, retirement, readiness, social security, Medicare, planning for retirement

On Wednesday, the Federal Reserve raised its short term interest rate for the third time in the last six months, even in the face of tame inflation numbers. For the last five years, inflation has stayed at low levels averaging under two percent. Low inflation is good for savers and retirees as high inflation is a serious threat to most people’s long term retirement plans. Low interest rates are not good for savers, however.

Retirement Savings Readiness

by Mary Suplee on Jun 13, 2017

retirement, readiness, social security, Medicare, planning for retirement

The recent 27th annual Employee Benefits Research Institute Retirement Confidence Survey reports that the share of American workers who are very confident that they will have a comfortable retirement remains low. I believe this is a growing national problem that will take strong measures of education and leadership to fix. Some of the more interesting findings include:

Conflict of Interest Rule

by Mary Suplee on Jun 8, 2017

I am reading with great interest all the comments about the new "Fiduciary Rule" that starts tomorrow affecting firms and advisors that transact a lot of business from rollovers of existing 401(K) and other qualified plans.While the Department of labor is calling it the "Conflict of Interest" rule the press is calling it the Fiduciary Rule.

Department of Labor and the Fiduciary Rule

by Mary Suplee on Jun 7, 2017

On June 9th, 2017 the Department of Labor will require people who advise on retirement plans to start to act in your "best interests" when they provide investment advice for a fee or some other compensation.

They call this the Fiduciary Rule. While this rule is mired in controversy and has many flaws in it, it is a big leap forward for small investors. The biggest change is that advisors will now have to make sure that they fully disclose how they are charging and what services their clients can expect for their money.

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