Epstein Financial Blog


Springfield Thunderbirds

Epstein Financial Services is proud to support Domestic Violence Awareness & Prevention Night as the Springfield Thunderbirds face off with the Toronto Marlies at the MassMutual Center on Saturday, February 16 at 7:00 p.m.

Group Picture

The end of the year in nigh, and at Epstein Financial Services, we have a lot to be grateful for, not the least of which is our new home in the heart of the thriving East Longmeadow business community.

Thank you to all who attended our recent celebration. It was a pleasure to be among friends both old and new to celebrate the next chapter of Epstein Financial Services as we settle into our new location.

We were also excited to offer a special tasting of the new “Desirement Coffee” that Currency Coffee created for us—a special blend you can enjoy anytime you visit.

Use Other People’s Money to Generate Paychecks for Life

In this series, we’ve been talking about how to get your employees engaged in saving for their retirement plan. Today’s topic is one of my favorites, something called “OPM.”

Do Your Employees Have a Realistic Understanding of Their Own Retirement Plan?

Today I want to focus on something I call “needs-based versus greeds-based” rate of return. Before getting into the details of this and why it’s so important, I want to make sure that you have an opportunity to get my book “Save America, Save!: The Secrets of a Successful Retirement Plan.” It’s chock-full of all of my secrets on how to turn your 401(k) into a successful retirement plan.

The First Steps to Creating Paychecks for Life

Today I’m going to give you, the plan sponsor, the secret to turning your company’s 401(k) plan into a paycheck manufacturing company for you and your employees.

The Importance of Share Classes to Retirement Plan Sponsors

In my last few videos, I’ve been talking about things like revenue sharing and expenses. Today, I’d like to dive a little bit deeper into this topic by talking about share classes. We’ll focus on the different kinds of share classes that mutual fund companies have, why they have them, and what you need to be aware of as a plan sponsor to avoid a potential lawsuit.

Do You Know What Your Hard and Soft Dollar Fees Are?

As I mentioned in my last video, the recent court case of Tibble v. Edison is something, that you as a plan sponsor fiduciary, need to understand because it pertains to the fees and expenses in your plan and what types of share class or mutual funds you have in that plan.

Are You Truly Fulfilling Your Duties as a Retirement Plan Sponsor?

There’s a lot of activity right now in the 401(k) industry, but today I want to talk specifically about a court case that has been dragging out for the past six or seven years: Tibble v. Edison.

Don’t Get Sued—Know Your Revenue Sharing Fees

In case you didn’t know, revenue sharing has been the basis for the largest litigation and lawsuits by the largest law firms across America against you—the planned sponsor fiduciary.

1 Simple Way You Can Improve Investment Outcomes

Today I want to focus on what your employees can do to improve their investment outcomes.

We Can Help You Reduce Your Fiduciary Liability

What impact can fees have on your employees’ success in retirement?

Well, no one wants to pay more than they have to. However, when you are the fiduciary of a 401(k) plan, you have a duty of loyalty and prudence.

The Right Way to Give Investment Options to Your Employees

How can you provide a diversified investment lineup to your employees that meets your fiduciary obligations as a plan sponsor fiduciary? There are a couple things to keep in mind.

Using a Benchmark to Track Fiduciary Fees

On this installment in my series—based on my book, “Save America, Save!”—we’re talking about getting a benchmark analysis. One of the keys to being a great plan sponsor fiduciary is ensuring that the fees that you pay in your plan are reasonable. Who and how do you define “reasonable?”

How to Bulletproof Yourself From Fiduciary Liability

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We believe that you can design a retirement plan that can nearly bulletproof you from any fiduciary liability. You do this by hiring prudent experts; people who have a 3(38) ;3(21) ;or 3(16); designation.