The "Money Talks" hosts provide some overlooked tips that can keep your 401(k) on track.
The Department of Labor has increased its enforcement of existing fiduciary duties for 401(k) plan sponsors. Businesses must fully understand the services provided by their plan and ensure plan participants are receiving the services that are bundled into the cost of the plan. Having answers and documentation to answer basic questions about the plan is key for a plan fiduciary.
You can hardly watch television for five minutes these days without seeing an advertisement extolling the virtues of buying gold. The precious metal is often seen as a safe-haven from economic downturns, but the reasoning for that argument is basically because it is a widely held belief. Like cash without the erosion of inflation, gold ownership is thought to be a way to store economic value.
Ted Parrish, CFA, Troy Harmon and Mark Bendinelli discuss why they advise investors against purchasing gold.