401k Plans

401k Plans

8, 18, 107, 56, 51

“From 8 lawsuits filed against employers in 2006, the numbers surged to 18 in 2007 and 107 in 2008, before declining for the next five years, according to the Boston College report authored by George Mellman and Geoffrey Sanzenbacher…

…But since bottoming at just 2 lawsuits in 2013, litigation against retirement plans has risen again, with 56 suits in 2016 and 51 in 2017, the two most recent years tracked.”

You See…

The Department of Labor keeps an eye focused on retirement plans with the same intensity as a parent observing their child during swim lessons.

Suppose I said to you that…

While a lifeguard’s job is to safeguard the pool while your family is in it, your retirement plan advisor’s job is to safeguard you and your retirement plan with the same intensity that a lifeguard has when safeguarding the pool.

Having a 2 sets of eyes on what you wish to safeguard allows for you to create a value so strong that it keeps your clients coming back for more.

 

 

Written by:   Justin Hamlin, Associate Client Advisor, CFP

These are the opinions of Justin Hamlin and not necessarily those of Cambridge, are for information purposes only, and should not be construed or acted upon as individualized investment advice.  Investing involves risk.  Depending on the types of investments, there may be varying degrees of risk.  Investors should be prepared to bear loss, including total loss of principal.  The strategies discussed herein are not designed based on the individual needs of any one specific client or investor.  In other words, it is not a customized strategy designed on the specific financial circumstances of the client.  However, prior to opening an account, Cambridge will consult with you to determine if your financial objectives are appropriate for investing in the model.  You are also provided the opportunity to place reasonable restrictions on the securities held in your account.