Expanding the concept of advice III

Here is the latest installment of our ongoing examination of the psychological side of investment advice. The article, from the current issue of The Journal of Financial Planning, gets its force from concrete details of real-life examples.
First Aid for Clients in Emotional Crisis
by Richard F. Stolz
… …some planners consciously choose to assist clients coping with [...]

Wisdom of 401(k) auto-enrollment confirmed, Pension Protection Act’s role questioned

What’s wrong with autonatic enrollment in 401(k) plans? Evidently nothing. One of the most common criticisms of 401(k) plans by the regressive pension plan crowd was that they required too much time and initiative from plan participants.
Automatic enrollment sets a course of plan participation prior to participant engagement. The good news is that the numbers [...]