St. Clare’s Pension Plan…. Broken Promises Lead to Uncertainty for Beneficiaries
The former St. Clare’s Hospital located in Schenectady, NY, is facing scrutiny over the recent decision to terminate the pension plan earlier than originally anticipated. Over 1,000 beneficiaries were recently made aware of the decision, which has left them uncertain...
A Matter of Trust: The Benefits of Choosing an Accredited Investment Fiduciary® (AIF®) Designee as your Investment Advisor
Effective relationships between investors and advisors are built on trust. That trust is grounded in a commitment by the advisor to act solely in your best interests. But how can you be sure that the person you are entrusting not only embraces their commitment but is fully qualified to fulfill it?
Lesson Plan: What Colleges and Universities Can Learn from the Recent TIAA-CREF Excess Fees Settlement
In a 2015 class action that struck terror in the hearts of colleges and universities across the country, TIAA-CREF’s own employees – participants of its 401(k) and retirement plans – sued TIAA
The Long and Winding Road that Leads to the “New” ERISA Fiduciary Rules has Another Detour
Back in 2010, when I was an attorney in private practice at Bond, Schoeneck & King PLLC, an investment advisory firm that was a client of mine asked me what they needed to do to comply with the newly released Department of Labor proposed rules to change the 1975 ERISA fiduciary rules.
Year-End Planning
As the calendar flips from 2015 to 2016, it may be a good time to evaluate your financial situation to determine if you need to make any modifications to your financial plan.