Monthly Archives: November 2011

Is Your Financial Advisor Doing His/Her Job? Year-End Action Items

By Lon Jefferies | Published: November 28, 2011
Is your financial advisor doing his/her job?  If not it could cost you thousands of dollars in taxes and penalties.  Year-end is a good time to test your advisor’s dedication to your financial success.  Prior to the end of the year there are three things that should be addressed: capital gains, required distributions, and Roth [...]
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Why Your 401(k) May Change Significantly

By Lon Jefferies | Published: November 28, 2011
Next year, 401(k) plan participants will see the true cost of their retirement accounts for the first time – and many will not be pleased. In April 2012, long-awaited Department of Labor rules designed to improve fee transparency in 401(k) plans will go into effect. Consequently, many employers are changing their 401(k) plan provider in [...]
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The More Things Change…

By Lon Jefferies | Published: November 1, 2011
From May through September the investment environment was shaken by the American debt ceiling fiasco, increased political turmoil, a European debt crises, and unemployment at 9 percent. There were plenty of reasons to be concerned about the state of the global economy and markets moved sharply negative during this period. Naturally, investors and those close [...]
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Ameriprise Workers Find a 401(k) Plan Unsatisfactory – Their Own!

By Lon Jefferies | Published: November 1, 2011
Late last month, a group of workers at Ameriprise Financial Inc. filed a lawsuit in federal court against their employer, accusing the company of stuffing its 401(k) plan with expensive, underperforming mutual funds that came from the company’s own investment management arm. According to the suit, the company placed 401(k) contributions in proprietary funds that [...]
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