HRP-MN helps HR Professionals develop partnerships, build relationships, increase education, and secure the right tools to help build your: Company, Credibility, Career, Community, and Commitment.
May Professional Development Meeting and Luncheon
401k Investors: Connecting Math, Emotion and Choices
Avoiding emotional decisions, especially when investing through 401k plans, is the key to successfully saving for retirement. Understanding the power of saving early and compound returns is much more likely to matter than any potential return. Cost is another element that can be impacted. In the current legal environment, monitoring the effectiveness of the retirement plan, especially its cost is essential.
The Learning Objectives for this presentation are:
1) Demonstrate the math showing that how much saved and how long one saves far outweighs annual returns: the power of compounding.
2) Explain a useful tool, based upon behavioral science, that helps people plan and commit, which may act as a foundation for good investment choices, against volatile securities markets.
3) Decode revenue sharing (or “rebate”) practices, sharing with managers and savers how to break retirement plan cost into three components: a) investment expense b) administrative cost and c) the cost of advice.
4) Summarize the Department of Labor’s fiduciary rules, which are set to take effect in April 2017, especially when coupled with the US Supreme Court’s decision in May 2015: Tibble v. Edison International.
Michael Smoots, JD
HR Practioners Pricing
$30 - Members
$50 - Non-members
$40 - Members
$60 - Non-members
The first 40 people to register will receive a copy of
Thinking Smarter by Shlomo Benartzi!
Friday, May 12 - Diversity Discussion Group
Wednesday, June 21 - Annual Legislative Professional Development Meeting and Luncheon - Stay Tuned for Details
Wednesday, July 19 - Paddleford Riverboat Cruise - 3-5pm - Stay Tuned for Details
Wednesday, August 16 - Marijuana in the Workplace Professional Development Meeting and Luncheon at Hazelden in St. Paul - Stay Tuned for Details
Upcoming HRCI and SHRM Webinars & Activities
Job Posting Updates
Did you know that another benefit of your HRP-MN Membership is free job postings?
Non-members may post for only $60 for 30 days.
Click here for additional information and to post your openings.