Bitcoin, Buffet, and Bubbles

What We Know Bitcoin – Selling off 20% today after a meteoric rise.  But what is it? Some new store of value? New mode of transacting? How is it priced? I don’t know it well enough to explain it. And I don’t care. It hasn’t been around long enough to tell if it’s a...

Retirement Plan Differences

Retirement plan accounts such as IRAs, qualified pension, or 401k Plans, all enable participants to grow money tax deferred. Yet distribution options, protection from creditors, beneficiary designations, and contribution limits can vary significantly by Plan type. The...

Portfolio Strategy Review Q3 2017

Is the Bull Getting Tired Legs?  The last stages of a bull market prompts investment pundits and professionals to make more than their usual predictions about the imminent market declines that are on the horizon. In contrast to the early stages when few are willing to...

Managing Your Fiduciary Liability

There are 4 key areas for plan sponsors to understand that will help you manage your fiduciary liability with confidence.Excessive Plan FeesSelecting Imprudent InvestmentsFailing to Follow Plan Document TermsLate Participant ContributionsExcessive FeesIn the current...

Portfolio Strategy Review Q2 2017

5:59am “OK campers rise and shine and don’t forget your booties……the question on everybody’s lips is” ……do you think the US market is in bubble territory? Feels like Groundhog Day as US stock markets keep rising. Record highs occur almost daily.  Expensive stocks keep...

The DOL Rule Goes Live

In case you missed it while you were busy with your daily duties, the DOL Rule (aka Conflict of Interest Rule) went live on June 9th. It only took 7 years to draft, craft, and compromise against fierce resistance from lobbyists, politicians, and financial...

Fiduciary Roles and Your 401k Plan

Small business owners, their trustees, administrators, and human resource professionals seldom have the time and resources to understand the full range of fiduciary roles, risks, and responsibilities associated with managing a 401K Plan. It’s somewhat perverse in that...

Portfolio Strategy Review Q1 2017

Valuations, Interest Rates, and Future Returns This bull market has lasted eight years as the S&P 500 index has returned more than 300%. US stocks sell today at 29x its CAPE ratio vs. its long-term average of 17x. That’s a 70% premium. Pricey. Some of this is due...