Is Your 401(k) Plan Prepared For The New Money Market Regulations?
Submitted by Berk Cleveland Rathmell Wealth Strategies LLC. on September 9th, 2016Once upon a time we took it for granted that a money market account would earn an above average interest rate without risking losing money. In the midst of the 2008 financial crisis, the Reserve Primary Fund, our country’s oldest money market fund was forced to lower the net asset value (NAV) of its money market fund below $1 and all of its shareholders saw a loss.