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Christopher Carosa, CTFA, is chief contributing editor for FiduciaryNews.com, a leading provider of essential news and information, blunt commentary and practical examples for ERISA/401(k) fiduciaries, individual trustees and professional fiduciaries.

Clark Griswold actually had it all figured out. Sort of. He figured wrong, but not in the way you think. When he assumed he’d get a Christmas bonus based on previous years, most people think his mistake was to spend it on a swimming pool before he actually received it. Much to his chagrin, despite receiving “the gift that keeps on giving,” that jelly-of-the-month club subscription couldn’t pay for the pool.

Christopher Carosa

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