10 Useful Web-Sites for 401k Plan Sponsors & Any ERISA Fiduciary

In the world of megabytes and Wi-Fi, the answer to a critical question often hovers in the electronic ether, a mere mouse click or two away. The realm of the ERISA fiduciary sometimes seems complex, especially for the 401k plan sponsor more concerned with meeting this month’s production quota or the quarterly sales target. Fortunately, like most industries, a handful of web-sites have sprung up offering useful information geared specifically to 401k plan sponsors and fiduciaries. Some of these sites are free and some are member-only. Some are sponsored by not-for-profit groups and others come from ongoing businesses. Fiduciary News has invested much research time into discovering those providing the most comprehensive – and credible – advice:

via 10 Useful Web-Sites for 401k Plan Sponsors & Any ERISA Fiduciary.

Daniel Kahneman, Nobel Prize Winner: Happiness Can Be Bought For About $60,000 Per Year (VIDEO)

Money can’t buy happiness — but lack of it can certainly make you progressively miserable, says one Nobel Prize-winning economist.

Daniel Kahneman, one of the founders of the now-popular field of behavior economics, delivered a fascinating TED talk earlier this year entitled “The Riddle of Experience vs. Memory,” and got into an interesting discussion with TED host and curator Chris Anderson. (Hat tip to Gates VP blog via My Money Blog.)

Arguing that experience is essentially divided into the “experiencing self” and the “remembering self,” Kahnemen suggests that happiness is essentially an act of deftly balancing the two. (They don’t always match up, it turns out.) Here’s Kahneman:

“We know something about what controls satisfaction of the happiness self. We know that money is very important, goals are very important. We know that happiness is mainly being satisfied with people that we like, spending time with people that we like. There are other pleasures, but this is dominant. So if you want to maximize the happiness of the two selves, you are going to end up doing very different things. The bottom line of what I’ve said here is that we really should not think of happiness as a substitute for well-being. It is a completely different notion.”

via Daniel Kahneman, Nobel Prize Winner: Happiness Can Be Bought For About $60,000 Per Year (VIDEO).