Michael P. Barry
By Michael P. Barry 11/15/2021
The Consumer Price Index (CPI) has risen steadily throughout 2021, with prices in October 2021 6.2% higher than at the beginning of the year.
We have all been pretty much ignoring inflation as a retirement savings/income risk for some time. Understandably, since inflation for the last decade has...
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By Michael P. Barry 7/22/2021
While Hughes involves 403(b) plans, the issues in it are effectively identical to those in the 401(k) fee litigation that has plagued our industry for nearly two decades.
On July 2, 2021, the Supreme Court agreed to review Seventh Circuit’s decision affirming dismissal of plaintiffs’ case for...
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By Michael P. Barry 6/15/2021
I think interest rates—now at historic lows—are going to remain low (perhaps with some transitory upticks for inflation) for a very long time. And that means that it will be harder, that is, it will cost more, for Americans to retire.
Here’s why.
The Impact on Retirement(s)
Let’s begin with why...
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By Michael P. Barry 2/11/2021
On Dec. 18, 2020, the (Trump) Department of Labor (DOL) released Prohibited Transaction Exemption (PTE) 2020-02, “Improving Investment Advice for Workers & Retirees.” Among other things, PTE 2020-02 radically “reinterpreted” (and broadened) the five-part test under DOL’s 1975 regulation...
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