Skip to Content
Advisor Insights

4 Dumb Answers About IRAs and Retirement Plans

Natalie Choate shares some of the incorrect statements she's heard from IRA providers and plan administrators.

As a professional advisor helping clients with their IRAs and retirement plans, you meet your share of plan administrators who don't know what they're talking about. Here's a collection of erroneous statements that advisors have heard from IRA providers and plan honchos over the years--all true stories. When you hear one of these bloomers, you know the "expert" you're speaking with is talking through his or her hat.

From a 401(k) administrator to a deceased employee's son who was named as beneficiary of the plan: "We can't roll these death benefits to an IRA for you. All we can do is give you a lump sum distribution check." Wrong! Since 2009, qualified retirement plans have been required to offer the option of a "direct rollover" of death benefits to an inherited IRA for the designated beneficiary. This plan administrator needs to catch up with that law change.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.