On April 29, 2016, the IRS announced the 2017 inflation-adjusted amounts for Health Savings Accounts. The following is a comparison of the 2016 and 2017 limits.
Plan Sponsors
A Response to Berlau’s “Why the DOL Rule Is Bad for Small Savers”
It is tiring to see repeatedly how the fiduciary rule is bad for small savers. After reading an article by John Berlau, I cannot resist and have commented on the WealthManagement Magazine website. My comment is below, followed by the full, reproduced article.
2016 Health Savings Account Plan Limits
On May 04, 2015, the IRS announced the 2016 inflation-adjusted amounts for Health Savings Accounts. The following is a comparison of the 2015 and 2016 limits.
Best Interest Contract: “I’m From the Government, and I’m Here to Help”
The following parody should be instructive about how much the DOL has fallen short in its mission and how confusing the new BICE would be to implement and understood by the intended audience.
Quarterly Market Commentary – Q1 2016
Here is Chao & Company’s market commentary for the 1st quarter of 2016.
DOL Best Interest Contract Exemption (BICE)
Here is a detailed summary of the Best Interest Contract Exemption (BICE) included in the DOL’s final fiduciary rule.
Chao & Company’s Position Post DOL Fiduciary Redefinition
Here are some comments and key points regarding the new fiduciary rule from Chao & Company.
When it Comes to Best Interest, There is no Gray Area
ERISA has always required a fiduciary to serve “solely” in the best interest of the plan participants and beneficiaries. There should be no gray area.
DOL Redefines an ERISA Fiduciary
On April 6, 2016, the DOL issued the final rule re-defining the term “Fiduciary” under ERISA and finalized the Conflict of Interest Rule applicable to retirement investment advice. Here is a summary as well as the changes and clarifications.
Conflicted Advice is an Oxymoron – A New Day for Retirement Investors
So much has been said and fought over the U.S. Department of Labor’s (DOL) proposed expansion of fiduciary duty to advisers and their institutions since first proposed in 2010. Here we examine the rule, its exemptions and the conflict surrounding them.
Knowing Your Core Bonds in Portfolio Construction the Casey Kasem Way
The late Casey Kasem closed each of his American Top 40 radio show with “Keep your feet on the ground and keep reaching for the stars.” I am not sure how good an investor he was, but his closing statement each week summarized prudent portfolio construction perfectly – reaching for better returns should be on the shoulders of a solid foundation.
The Monkeying Around of the Chinese Currency
Here we explore the past, present and future of the Chinese currency.
Where do we go from here? It’s complicated.
There are many factors at play, but we are now again looking to the U.S. consumer as the pillar of strength to lift us out of the current malaise.
Quarterly Market Commentary – Q4 2015
Here is Chao & Company’s market commentary for the 4th quarter of 2015.
Incentive Dictates Behavior: The Fiduciary Failure at Its Core
This article discusses JP Morgan’s fiduciary failures and what we can learn from them.
Quarterly Market Commentary – Q3 2015
Here is Chao & Company’s market commentary for the 3rd quarter of 2015.
2016 Annual Qualified Retirement Plan Limitations
On October 21, 2015, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2016. Here is the comparison of 2015 and 2016 plan limits.
Philip Chao Selected as CIT Panel Moderator at 2015 SPARK Forum
Philip Chao has been selected as the CIT Panel Moderator at the 2015 SPARK Forum.
Quarterly Market Commentary – Q2 2015
Here is Chao & Company’s market commentary for the 2nd quarter of 2015.
Supreme Court Decision on Tibble v Edison International – No One Should Be Surprised
The Supreme Court stated that the fiduciary duty under the Employee Retirement Income Security Act of 1974 (“ERISA”) is derived from the common trust law, and its decision affirms the fiduciary duty to provide ongoing monitoring of plan assets. The fiduciary duty to...