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Showing posts with label FEE-ONLY. Show all posts
Showing posts with label FEE-ONLY. Show all posts

stock market drops

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On May 20, 2010 I was attending day 2 of the NAPFA National Conference and the Dow Jones Average dropped 376 points. On September 15, 2008 I was attending a TD Ameritrade Conference and the Dow dropped about 500 points (and Lehman Brothers declared bankruptcy).
I enjoy attending conferences (especially NAPFA conferences) because I have the opportunity to attend educational sessions on various financial topics and most importantly I have the opportunity to talk with and learn from my fellow financial advisors.

not abaut 401k plan

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This would certainly seem to be the case based upon this excellent and disturbing post by Kathy Kristof-Senate Moves to Keep 401(k) Fees Hidden.

This issue needs be kept on the front burner. I fear that the Senate Finance Committee is hesitating to act on this issue out of fear that contributions from 401(k) providers will dry up. In my opinion this is the height of lawmakers putting interests of the public last.
 I encourage you to email the members of the Senate Finance Committee and ask them what they could possibly still need to "vet." Ask them to reconsider their decision and to pass a measure that mandates uniform, total, and full disclosure of ALL fees and expenses for all 401(k) plans.  No loopholes, no