Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for WealthManagement.com’s RPA channel, reviews all of last week’s industry news and selects the five most important/interesting stories.

1. DC record keeper assets jump 23% in 2023 but will it stem the consolidation tide?
2. HOW important is convergence to top RPAs?
3. 401(k) Averages Book changes methodology to include direct fees
4. How will AI change DC plans?
5. Advisors must now become pension plan managers
Worth reading:
6. Ascensus acquires Vanguard’s Simple & SEP business
7. Head of Captrust M&A departs
8. Leading behavioral finance advocate dies, leaving rich legacy
9. DOL proposes voluntary reporting for its lost and found database.
10. Insights into the DOL fiduciary rule …(read more)

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In the latest episode of 401(k) Real Talk, which aired on April 24, 2024, host Sarah Johnson delved into the topic of retirement planning in a rapidly changing economic landscape. The episode featured experts discussing the challenges and opportunities facing individuals as they prepare for retirement.

One of the key takeaways from the episode was the importance of diversification in retirement portfolios. With market volatility on the rise and traditional investment options becoming more unpredictable, diversifying one’s portfolio has never been more crucial. The experts emphasized the need for a mix of stocks, bonds, and other assets to help mitigate risk and ensure a stable income in retirement.

Another important topic discussed in the episode was the role of technology in retirement planning. With advancements in artificial intelligence and data analytics, individuals now have access to a wealth of tools and resources to help them make informed decisions about their financial future. From robo-advisors to online retirement planning platforms, technology is transforming the way people save for retirement.

The episode also touched on the importance of starting early when it comes to retirement planning. The experts stressed the benefits of compound interest and the impact of even small contributions over time. By starting to save for retirement early, individuals can take advantage of the power of compound interest and set themselves up for a comfortable retirement.

Overall, episode 103 of 401(k) Real Talk provided valuable insights and practical tips for individuals looking to plan for their retirement in today’s uncertain economic climate. By focusing on diversification, embracing technology, and starting early, viewers can take control of their financial future and ensure a secure retirement. Tune in to future episodes for more expert advice and guidance on navigating the world of retirement planning.