FINRA Investor News
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Smart Investing
New 401(k) Learning Center Launched NASD launched its Smart 401(k) Investing online learning center. The learning center pulls together the most critical information on 401(k) plans and outlines the different options and special features that anyone investing in 401(k) plans should consider. Whether you’re just starting out or you’re already retired, Smart 401(k) Investing has the information you need to understand your 401(k). Smart 401(k) Investing takes you through the process of enrolling and managing your 401(k) account and answers your questions about everything from 401(k) investment options to asset allocation and diversification, from moving your 401(k) when you change jobs to handling withdrawals when you retire. Smart 401(k) Investing is the second in NASD’s Smart Investing series. The Smart Investing series offers comprehensive information plainly, simply, and without bias to help investors reach their goals. The first in the series - Smart Saving for College - helps families better understand 529 plans and other college savings options.
Tools You Can Use
Kids Saving Calculator Would you shell out $4,700 for a pair of sneakers? How about $2,800 for a computer game or $300 for a fast-food meal? The sums may sound outlandishly high, but that is how much a 13-year-old could save if he or she invested for retirement, rather than spending $75 for a pair of sneakers, $45 for a computer game and $5 for a fast-food meal, according to the Web-based Kids Savings Calculator from NASD. The Kids Savings Calculator allows a child to enter his or her age, a typical purchase or any dollar amount, and then see how much the money might be worth if it was invested for 10 years, 25 years and to the age of retirement. The unique calculator is based on an 8 percent annual rate of growth.
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News Dispatches
Joint NASD/Industry Breakpoint Task Force Issues Report NASD recently issued a Task Force report on mutual fund "breakpoint" discounts, which recommends a number of operational enhancements, disclosure requirements and regulatory changes in response to problems in delivering breakpoint discounts to investors purchasing mutual fund shares with front-end loads. Breakpoint discounts are the volume discounts to the front-end load charged to investors who purchase Class A mutual fund shares, and the extent of the discount is dependent upon the amount that the investor has invested in a particular mutual fund family. The Task Force conducted an in-depth review of the financial industry’s interaction with mutual fund customers, including processing of mutual fund share purchases with front-end loads, to fully understand why investors who purchased Class A shares of mutual funds did not always receive every available breakpoint discount. This review enabled the Task Force to develop a series of recommendations designed to facilitate full and accurate delivery of these breakpoint discounts in the future. You also can read our Investor Alert -- Mutual Fund Breakpoints: A Break Worth Taking for more information on this issue
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