Retirement Plan "Shadows": How to Win Your Battle against the ...

Written By: Brendan Connelly

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?It is difficult to get a man to understand something when his salary depends on his not understanding it.? ?Upton Sinclair, The Jungle, 1906

?Everyone carries a shadow, and the less it is embodied in the individual?s conscious life, the blacker and denser it is.??C.G. Jung, Psychology and Religion, 1938

Is?the retirement plan industry evil? Not necessarily. But it is full of ?shadows,? or unknowns. Every industry carries them. Turns out the shadows in the retirement plan business are among the blackest, densest and least known of all.

In these shadows, American investors are being robbed blind.

Most of America?s employers, providers of various tax-advantaged Defined Contribution plans such as 401(k)?s to their employee investors, are going along for the ride. This is exactly the way too many service providers in the retirement plan industry want it, and worse yet lobby to keep it.

If you?re an investor or employer, or both, you really do have a choice. Supreme Court Justice Louis D. Brandeis once wrote, ?sunshine is the best disinfectant,? and that bright light of sunshine rising over the unknown shadows of the retirement plan industry today reveals both a shocking reality and your freedom of choice.

Are you ready to take control back from the Money Management Machine? In my experience of providing investment advice as an independent fee-only fiduciary, I work with people like you every day who are fed up with the status quo.? In summary:

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?The Retirement Plan Industry ?As Is?

-?Bundled Plan Delivery??(?We?ll take care of it all, trust us?)

-?Revenue Sharing??(Snappy new phrases disguising the age old?shell game)

-?Hyperactive!??(Money management against all odds and investor interests)

The Retirement Plan Industry ?Should Be?

-?Open Architecture Delivery??(Full disclosure + fee transparency + legal protection = great service)

-?Neuroeconomics??(Behavioral Finance; the next frontier in optimal investing)

-?Empirical Evidence??(Probability theory, priced risk, and global human ingenuity)

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I see now how even my own parents were ripped off by the retirement plan industry?s default model over lifelong careers. Our generation need not suffer the same fleecing. It?s our money. Are we going to manage it the way the financial industry has sold us into believing we should?

You?ve saved and invested to live the life you have the way you see fit. Up to this point, has it served your best interests or that of the broken retirement plan industry?

IFA?is?3(38) fiduciary to retirement plans, meaning that they accept responsibility and liability for the plan?s investment selections and monitoring. IFA significantly reduces the legwork and burden that fall upon?the plan sponsor and simplifies?the?duties with respect to the plan?and its participants.?Brendan has been with the firm since 2004, and manages their Midwest regional office.?He can be reached at?877.373.9934?or?brendan@ifa.com.

Source: http://www.fiduciaryplangovernance.com/retirement-plan-shadows-how-to-win-your-battle-against-the-money-management-machine/?utm_source=rss&utm_medium=rss&utm_campaign=retirement-plan-shadows-how-to-win-your-battle-against-the-money-management-machine

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