Oakbourne Advisors

07/19/2022

Regret aversion is a construct in behavioral finance theory that suggests investing decisions are, at least in part, driven by fear of later regretting a “wrong” choice. And this isn’t just some psychological mumbo jumbo. Functional MRI neuroimaging studies of the brain have demonstrated a biological correlate to this phenomenon in the form of increased activity within the medial orbitofrontal cortex and amygdala. The fear is real — and it can have serious consequences for participants.

The fear is real — and it can have serious consequences for 401(k) plan participants.

07/12/2022

When you hear Roth 401(k), Roth IRA, or just Roth, this is generally referring to a specific type of tax benefit your savings may receive. You pay taxes on Roth contributions for the taxable year in which they are made. “Traditional” contributions typically means that your contributions were taken out of your paycheck on a pre-tax basis. In other words, you’re going to pay taxes on that money in a later year. Many plans offer an option to make Roth contributions. Also, most plans do not just offer one or the other, you typically have the option to make both, or either, type of contribution!

Use the Roth 401(k) feature for greater flexibility with your retirement savings.

07/06/2022

Participants may be attracted to self-directed brokerage accounts (SDBAs) because of the seemingly infinite choice of investment options. While it’s tempting to please these often-vocal employees, much consideration should be given when contemplating an SDBA option for your qualified retirement plan. There are several fiduciary issues your committee should discuss, decide, and document.

Special consideration should be given when contemplating an SDBA option for your qualified retirement plan.

06/28/2022

Participant data and financial accounts comprise some of the most sensitive and potentially vulnerable information under a company’s care. These highly valuable assets can be an attractive target for cybercriminals and therefore present considerable security risk.

https://www.oakbourne.com/401kbulletin/cybersecurity-best-practices-for-plan-sponsors

05/18/2022

Stop overpaying on fees & patch costly "leaks" FREE PDF

05/11/2022

Avoid costly IRS and DOL fines from compliance hiccups

05/04/2022

TIME-SENSITIVE: 3 costly threats to avoid (FREE GUIDE)

04/27/2022

Discover 3 costly threats & 2 hidden opportunities