The Derivative Project

401k Reforms

Trending: Are Bloomberg, Huff Post, Rolling Stone Promoting Phony Consumer Retirement Advocates?

Trending: Are Bloomberg, Huff Post, Rolling Stone Promoting Phony Consumer Retirement Advocates?

Summary of Issue – January 13 White House Memo on Conflicts of Interest -StockBroker or “Fiduciary” Advisor Registered with the SEC On January 13th, a five page White House memo, “Draft Conflict of Interest Rule for Retirement Savings”, by Jason Furman and Betsey Stevenson, argued that the costs of conflicted advice are…

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

The Whys Behind Super Normal Profits for Wall Street in 401k Plans:   What is Yale Professor Ayres’ proposed solution to protect consumers from Wall Street shenanigans in 401k plans?  Double down!  Now that the facts and transparency are coming out about the skimming, over the last 30 years, from workers’…

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brilliant – Part I

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brilliant – Part I

Yale Professor Ian Ayres has the solution for any retirement investor that might dare to opt-out of a poorly performing 401k plan default option and seek to select an investment that is in his or her best interest.  Here is the link to his proposal, in a February 2014 white…

Hello New York Times: Please Define “Conventional Money Management”

Hello New York Times: Please Define “Conventional Money Management”

The New York Times is doing a disservice to every retirement investor in their recent review of the “Robo-Advisors”, “Sites to Manage Personal Wealth Gaining Ground” The New York Times states: “The biggest selling point is that these relatively new sites are often far less expensive than conventional money managers,…

Attention Retirement Savers: Time for Immediate Demand for Alternative to Money Market Funds and Your “Voluntary Recapture” from Wall Street

Today is Labor Day or a time to celebrate the economic and social contributions of our nation’s workers.  Take a look at this as we celebrate. Schwab’s Retirement Advantage Money Market Fund Fine Print or Why Retirement Savers will Never Get Ahead   Here is an excerpt from Schwab’s SWIXX…

Raise Your Hand if You Think Your Retirement Adviser is Giving Advice to Help You Retire

Yes, every hand went up in the U.S.  Every retirement saver thinks that someone who is “registered” by FINRA or the SEC has been trained and vetted and is acting in their best interest when one provides them advice for their retirement savings. Attention retirement savers! There is a quiet…

Attention Americans: Don’t Ignore the Politics that Drove the Downgrade and How the Tea Party is Destroying your Retirement Savings to Benefit a Few on Wall Street

Bloomberg reported on August 6, 2011 that the S&P downgrade of  U.S. long term debt clouds President Obama’s 2012 election prospects.  This is the Tea Party’s objective.  Keep reading. “Tonight’s decision by S&P to downgrade our credit rating to AA+ is a historically significant and serious event for the United…