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SCOTUS Ruling Alert! Plan Sponsors And Fiduciaries May Risk Litigation

Don’t Fear the Ruling Here’s what the Court Found How advisors can benefit from this ruling This ruling will not change anytime soon Here are some next steps for advisors Just when you thought Reg-BI was enough to worry about, a new court ruling just set a new standard for advising employer-plans. Intel lost a significant ERISA Supreme Court court ruling that increased the employer’s responsibilities to disclose information to employees adequately. This court ruling is a BIG deal, but this article contains vital elements that can help advisors prepare their plan sponsors and see a competitive advantage to attract new ones.   Don’t Fear the Ruling   First, our...
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Global Oil War

Our COVID-19 under-prediction An Arm Wrestle Competition between OPEC and Russia The Energy Crisis can linger longer than Coronavirus Portfolio Crash Test Pro is the best tool for crises COVID-19 is not the only story affecting financial markets, though its effect is a sheer massacre. The S&P 500 has dropped 30% in a matter of days, wiping out trillions of dollars of asset value along the way. The most significant point drop, 12.93%, occurred just a few days apart from the largest point gain, 9.36% (today is March 19, 2020). Another story, though, would be a concerning to markets even without COVID-19. Our COVID-19 under-prediction We started to cover the...
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How Fast? Historically Fast.

Last week as I was watching the markets I was thinking that this must be the fastest 30% drop in history. As things happen, I didn’t have the time to do the research, but luckily others did. The folks at Bank of America did the leg work, and CNBC did the reporting to show that our pandemic has broken the previous record from 1934.   It is amazing how many of these drops occurred during the Great Depression compared to only 1 during the Great Recession. And to combat this, the US Government is debating (as of this writing) the largest stimulus package ever to help the economy recover. Many...
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