Posted in Ethics & Compliance Recent Posts Your 401(k)

Risk vs. Reward in your 401k

Investing often involves taking risks… risk a loss to make a profit. An axiom of a successful investor is that you can make money and transfer the risk. This would be considered a pure form of profiting without risk. When you opened your 401k savings plan, you understood the risks….

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Posted in Recent Posts Regulations Your 401(k)

401k Savings Slashed in 2022!

The future may be bleak for 401k savers. 401k Specialist headlined that 401k Savings Slashed in 2022! The article reported recently that over 80% of Americans halted or withdrew from retirement savings in 2022. That is a huge problem at a time when our future economy looks bleak anyway. For…

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Posted in Recent Posts Regulations

Is Principal Financial a 401k Plan Fiduciary?

Is Principal Financial a 401k Fiduciary? This question begs an answer… and we may finally have the truth, thanks to the Eighth Circuit Court in St. Louis that reversed a ruling by Southern District Court Judge Jarvey in Des Moines, Iowa. Jarvey has been an advocate of finding reasons why…

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Posted in Recent Posts

What happened to Princor Financial Services, Inc.?

In a letter to the Securities and Exchange Commission a few years ago, Principal Financial described Princor Financial Services as follows: In a Business Wire news release published a decade ago, the following disclosure described Princor Financial Services: Princor Financial Services Corporation, the registered broker dealer company of the Principal…

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Posted in Recent Posts

Are Your 401(k) Plan Assets Safe?

There are three key “ingredients” needed to create a safe 401(k) plan… Plan Assets, Trustee, and Fiduciary.  A Group Variable Annuity, the type of plan your employer would purchase from an insurance company, will contain one of these ingredients. Your Plan Administrator, typically your boss, will be the Fiduciary. You…

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Posted in Recent Posts Your 401(k)

Which 401k Plan is best for You?

Investing in a 401k Plan is like buying toilet tissue.  You really don’t know how good it is until you really need it.  By then, it’s too late. Since retirement plans have different needs, this post will not specifically answer the question, “Which 401k Plan is best for you.”  What…

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Disclosures and your 401(k) Plan
Posted in Recent Posts Your 401(k)

Hedge Funds… a tool to defraud 401(k) investors

Hedge funds were typically exempt from SEC registration, and following the no-action letter, insurance companies quickly began introducing these poorly understood investment vehicles as self-directed investments for 401(k) plans.

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Posted in Ethics & Compliance Recent Posts Your 401(k)

Ponzi’s and Pyramids… is Principal approaching Alpha?

Principal’s inverted pyramid of corruption has grown to exceed its ability to continue. To survive, Principal has planned ahead to the next “financial crisis.” If you review your pooled separate account options, you will find narratives in each giving Principal the right to freeze all separate accounts.

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Posted in Regulations Your 401(k)

Is Principal’s “House of Cards” the next Bernie Madoff?

Principal has created a “house of cards” in their efforts to defraud millions of 401(k) investors like yourself. Between 2008 and 2011, Principal used billions of dollars in American 401(k) plan contributions to purchase pension plans in Mexico and South America, investment firms in Europe, as well as buyback their own PGF stock when the share value collapsed. They also liquidated troubled assets they owned leading up to the financial crisis.

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Posted in Ethics & Compliance

Principal Life Pension Fraud… a global crime?

Last year, a Chilean protest movement that brought hundreds of thousands of people onto the streets in cities across Chile, caught the Chilean government by surprise, caused in part by a global crime by pension providers. The movement, a part of bigger campaign to overhaul the Chilean pension system, wanted…

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