Posted on May 21, 2015
Retirement Planning: The U.S. Supreme Court rules employers must protect workers 401(k) plans. Thoughts?
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The U.S. Supreme Court ruled this week that employers have a duty to protect workers in their 401(k) plans from mutual funds that are too expensive or perform poorly.
Monday's unanimous ruling sends a strong signal that employers must improve their plans. And it comes just as the Obama administration prepares a landmark change of its own by issuing rules requiring that financial advisers put the interest of customers ahead of their own.
http://www.msn.com/en-us/money/companies/us-courts-order-401-k-sponsors-to-do-the-right-thing/ar-BBk4w7g
Monday's unanimous ruling sends a strong signal that employers must improve their plans. And it comes just as the Obama administration prepares a landmark change of its own by issuing rules requiring that financial advisers put the interest of customers ahead of their own.
http://www.msn.com/en-us/money/companies/us-courts-order-401-k-sponsors-to-do-the-right-thing/ar-BBk4w7g
Posted in these groups: 
Finance
Retirement
Finance Retirement
Posted >1 y ago
Responses: 5
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That could be hard since they wan't you to control your investments.
So if you are a person that takes a chance and you can not move your money
to make you more money. So now that means it will be hard to make educated
investments with your own money. It was very hard during the crash and i lost my ass. But that was my choice not anyone the company picked. So that keeps me from going off on someone that lost my money. I also learned alot on where to put
my money.
So if you are a person that takes a chance and you can not move your money
to make you more money. So now that means it will be hard to make educated
investments with your own money. It was very hard during the crash and i lost my ass. But that was my choice not anyone the company picked. So that keeps me from going off on someone that lost my money. I also learned alot on where to put
my money.
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GySgt Wayne A. Ekblad
I could be wrong, of course, but I think this ruling is more about 401(k)s that are being managed by the employers. Not really sure how that works since I don't have one.
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SSG Donald Mceuen
The ones i have taken part in you could invest in what you wanted
and at what risk you wanted to take.
and at what risk you wanted to take.
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I think the supreme court got it right. The pension is part of the employment contract and corporations should not be able to renege on it
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I think it is sad that we had to have this ruling in the first place. What happened to the American Dream and everyone working toward a better, more prosperous country instead of just a few better, more prosperous individuals?
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GySgt Wayne A. Ekblad
I know SGT James Elphick. That was all laid bare, at least for me, during the banking "crisis" of a few years ago when we learned about all the shady deals that banks and investment firms were doing ... how they were actually betting against their customers and clients.
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