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	<title>FiGuide &#187; 401k Center</title>
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	<description>Personal Finance Advice, News, &#38; Opinions  by the Professionals</description>
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		<title>Top 10 Mistakes Investors Make With Their 401ks</title>
		<link>http://www.figuide.com/top-10-mistakes-investors-make-with-their-401ks.html</link>
		<comments>http://www.figuide.com/top-10-mistakes-investors-make-with-their-401ks.html#comments</comments>
		<pubDate>Thu, 29 Jul 2010 11:04:35 +0000</pubDate>
		<dc:creator>Richard T. Feight, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>
		<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6721</guid>
		<description><![CDATA[Over the years you begin to see a pattern of mistakes that people make with their 401ks. Considering that upwards of 66% of current workers retirement income will come from their savings, I’m amazed that people don’t pay more attention.]]></description>
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		<title>Compare Your Company&#8217;s 401k Offering With Others Online With BrightScope</title>
		<link>http://www.figuide.com/compare-your-companys-401k-offering-with-others-online-with-brightscope.html</link>
		<comments>http://www.figuide.com/compare-your-companys-401k-offering-with-others-online-with-brightscope.html#comments</comments>
		<pubDate>Thu, 29 Jul 2010 09:28:24 +0000</pubDate>
		<dc:creator>Roger Wohlner, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6731</guid>
		<description><![CDATA[For those of you who are not familiar, BrightScope is a start-up company that has introduced an online-database and ranking tool for 401(k) plans. They use information culled from 5500 reports and the DOL to gather data and rank plans along six key factors:]]></description>
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		<slash:comments>0</slash:comments>
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		<title>What Snooty Hostesses and 401(k) Plan Sponsors Have in Common</title>
		<link>http://www.figuide.com/what-snooty-hostesses-and-401k-plan-sponsors-have-in-common.html</link>
		<comments>http://www.figuide.com/what-snooty-hostesses-and-401k-plan-sponsors-have-in-common.html#comments</comments>
		<pubDate>Tue, 13 Jul 2010 03:02:23 +0000</pubDate>
		<dc:creator>Roger Wohlner, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6642</guid>
		<description><![CDATA[
			
				
			
		
Recently my wife and I wanted to try a restaurant on North Rush Street in Chicago. It was early in the dinner hour on a warm Saturday evening and they had an open table right on Rush Street. Nobody was waiting but the snooty hostess wouldn&#8217;t let us have it as the table was for four. Half the fun of dining out in this area during nice weather is sitting along Rush Street and watching the array of people who parade by.
The previous Saturday we had eaten outside at a ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Are You Being SOLD American Funds For Your 401(k)?</title>
		<link>http://www.figuide.com/are-you-being-sold-american-funds-for-your-401k.html</link>
		<comments>http://www.figuide.com/are-you-being-sold-american-funds-for-your-401k.html#comments</comments>
		<pubDate>Wed, 30 Jun 2010 15:34:31 +0000</pubDate>
		<dc:creator>Roger Wohlner, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6546</guid>
		<description><![CDATA[
			
				
			
		
Many registered reps selling 401(k) plans in the  small to mid-sized market would have you believe that an all American Funds menu  is the ideal answer for your company’s 401(k) plan.
To be clear, I have enormous respect and admiration for American  Funds as a fund family.  They offer a number of excellent funds.  They  have a deep management/research group.   I use several of their funds in  401(k) plan line-ups and in the accounts of some of my individual  clients (no-load ...]]></description>
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		<title>Watch Out Using Money Market Accounts in Your 401(k)</title>
		<link>http://www.figuide.com/watch-out-using-money-market-accounts-in-your-401k.html</link>
		<comments>http://www.figuide.com/watch-out-using-money-market-accounts-in-your-401k.html#comments</comments>
		<pubDate>Tue, 22 Jun 2010 02:54:59 +0000</pubDate>
		<dc:creator>Michael Chamberlain, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6406</guid>
		<description><![CDATA[
			
				
			
		
One of the common mistakes investors make is that when the equities  market declines they exit the market and dump their  assets into a money  market account. This can be a big mistake in 401(k) for two reasons.
Money Markets are currently paying a very meager interest rate. Many  times below 2/10 of a percent. Unfortunately most 401(k) plans have  expenses that can be over 1 percent. This means that by keeping an  allocation in a Money Market account most 401(k) investors actually lose  ...]]></description>
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		<title>Does the Senate Really Not Care About 401(k) Participants?</title>
		<link>http://www.figuide.com/does-the-senate-really-not-care-about-401k-participants.html</link>
		<comments>http://www.figuide.com/does-the-senate-really-not-care-about-401k-participants.html#comments</comments>
		<pubDate>Mon, 14 Jun 2010 12:32:00 +0000</pubDate>
		<dc:creator>Roger Wohlner, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[This would certainly seem to be the case based upon this&#160;excellent and disturbing post by Kathy Kristof-Senate Moves to Keep 401(k) Fees Hidden.This issue needs be kept on the front burner. I fear that the Senate Finance Committee is hesitating to...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Does Your Company Offer the Best 401(k)? Compare Online</title>
		<link>http://www.figuide.com/does-your-company-offer-the-best-401k-compare-online.html</link>
		<comments>http://www.figuide.com/does-your-company-offer-the-best-401k-compare-online.html#comments</comments>
		<pubDate>Tue, 08 Jun 2010 22:41:59 +0000</pubDate>
		<dc:creator>Michael Chamberlain, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6362</guid>
		<description><![CDATA[
			
				
			
		
A new benchmarking tool has recently become available to allow  retirement plan participants, as well as retirement plan sponsors, to  see how their plan is benchmarked or compared against plans of their  peers.
Brightscope.com reviews the data that is on file with the government about the plan and  then rates six different components of the plan including; plan cost,  company generosity, investment menu quality, participation rate, salary  deferrals and account balances. Using a proprietary algorithm the  company then rates how well the plan is ...]]></description>
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		</item>
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		<title>Common Mistakes in Selecting and Monitoring Investment Options</title>
		<link>http://www.figuide.com/common-mistakes-in-selecting-and-monitoring-investment-options.html</link>
		<comments>http://www.figuide.com/common-mistakes-in-selecting-and-monitoring-investment-options.html#comments</comments>
		<pubDate>Mon, 24 May 2010 15:46:29 +0000</pubDate>
		<dc:creator>Michael Chamberlain, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://chamberlainfc.com/?p=187</guid>
		<description><![CDATA[One of the primary responsibilities of operating a retirement plan is the selection and monitoring of the investment options. Unfortunately there is great diversity in how well these processes are executed.
 Plan sponsor does not understand the fiduciary responsibilities of selecting and monitoring.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>The 4 Most Common 401k Mistakes</title>
		<link>http://www.figuide.com/the-4-most-common-401k-mistakes.html</link>
		<comments>http://www.figuide.com/the-4-most-common-401k-mistakes.html#comments</comments>
		<pubDate>Wed, 19 May 2010 10:14:17 +0000</pubDate>
		<dc:creator>Michael Chamberlain, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>
		<category><![CDATA[401k]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6297</guid>
		<description><![CDATA[
			
				
			
		
When a young child misbehaves, the parent takes action to correct the  inappropriate behavior and encourages the better behavior. Working with  adults when dealing with their 401(k) or other investments is a bit the  same. The only problem is that inappropriate investment behavior not  only impacts the retirement income of the participant but can also  impact the beneficiaries.
Here are the four most common ways to “misbehave” relative to your  401(k).

Chase the returns of funds after the returns have already happened.  What often occurs ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>What&#8217;s the Difference between A-B-C Class Shares and Why You Should Know</title>
		<link>http://www.figuide.com/whats-the-difference-between-a-b-c-class-shares-and-why-you-should-know.html</link>
		<comments>http://www.figuide.com/whats-the-difference-between-a-b-c-class-shares-and-why-you-should-know.html#comments</comments>
		<pubDate>Thu, 13 May 2010 01:02:42 +0000</pubDate>
		<dc:creator>Michael Chamberlain, CFP®</dc:creator>
				<category><![CDATA[401k Center]]></category>

		<guid isPermaLink="false">http://www.figuide.com/?p=6240</guid>
		<description><![CDATA[
			
				
			
		
A client recently remarked that she was happy about the choices in  her 401(k) but did not know which classes of shares were being offered.  She was shocked to learn that she was paying commissions on every  contribution.
Many mutual funds have 4 to 6 different offerings of the same fund,  all with different costs and fees and commissions. Here is a list of  common classes.
A class shares typically require upfront  commissions, usually between 1% and 5%, commonly referred to as a  “sales-load.” These shares ...]]></description>
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