Retirement Plan Process

As a registered investment advisor, we are governed under a standard of care where we are legally obligated to put clients’ interests ahead of our own. We call that a fiduciary standard of care.

And when someone has that fiduciary standard of care, and takes into account a participants interst has to be better than my own, all the work that we do is all about helping them get to the point where work is optional.

When I walked through the doors almost 20 years ago at Rather and Kittrell, as the first employee, I immediately learned that retirement plans were important to the business.

We work with retirement plans because we feel like we can have a positive impact on a larger group of people. If you have a company that has 100 or 200 or even more employees, and you do good work, and you care about the experience that each of those participants will have, then typically they’re going to have a better retirement outcome down the road if they appreciate the benefit, if the business appreciates the benefit.

Retirement plans are really interesting because there’s this herd mentality that if you have a few people who feel good about the retirement plan, whether it’s a 401k or a 403b, or a profit-sharing plan, whatever it might be. If the employees feel good about it, they talk positively about it, then it creates this momentum where everybody else wants to be involved and everybody else wants to have that experience and that’s ultimately what lends itself to having a successful retirement plan, is you have a lot of buy in, and people realizing the benefit and ultimately, if it’s done well, then people are going to have better retirements.