Here is some DC advice that you should take seriously!

Here is some DC advice that you should take seriously!

How your 401(k) could disinherit your kids via

The above Tweet caught my attention earlier today.  I hope that you’ll take a few moments to read the article.  The advice that they give is critically important.  KCS partner, Dave Murray, experienced this issue while working with one of his clients.  In Dave’s case, a young woman, with a decent-sized DC plan balance passed away.  Her parents assumed that they would inherit her plan balance, but unfortunately years before she had designated a boy friend as her beneficiary.  Despite the fact that this young man was no longer in the picture, the plan document superseded her will, and he was given the proceeds. 

Given the serious consequences that this lapse can create, we’d recommend that you review your designated beneficiary(ies) annually.

ETPs, ETFs – WTH?! KCS’s February Fireside Chat

ETPs, ETFs – WTH?! KCS’s February Fireside Chat

We are pleased to share with you KCS’s February 2014 Fireside Chat.  This article is related to “ETFs”.

…What’s the Hype?!


As philosopher Jose Marti once said, “Like stones rolling down hills, fair ideas reach their objectives despite all obstacles and barriers.  It may be possible to speed or hinder them, but impossible to stop them.” So goes the growth in Exchange Traded Products (ETPs)! Although ETPs have been around since 1993, the growth in these investment products has been startling during the last decade, and especially in the last five years.  On a global basis, it is estimated that there exist more than 4,700 ETPs from more than 200 providers with assets exceeding $2.1 trillion and traded on 56 exchanges. Wow! 


Please click onto the link to gain access to the entire article.