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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Need a guru for your 401(k)?
Posted on 08/11/2006 08:14 AM | Link | Post Comment
One day soon your company may let you turn your
account over to a professional adviser. Should you?
Anyone who has ever felt overwhelmed or confused by the proliferation of 401(k) fund choices -- and who hasn't? -- is going to love the latest addition to the retirement plan menu: advice.
In addition to providing booklets, Web sites and software to help you manage your money, employers are increasingly offering the simplest option of all, which is to let someone else do it. Today about 22 percent of 401(k)s and other defined-contribution plans make investment managers available, up from 14 percent two years ago. Within five years, industry experts predict, most will.
Professional help, of course, comes at a cost. So before you opt in, consider these five key questions:
account over to a professional adviser. Should you?
Anyone who has ever felt overwhelmed or confused by the proliferation of 401(k) fund choices -- and who hasn't? -- is going to love the latest addition to the retirement plan menu: advice.
In addition to providing booklets, Web sites and software to help you manage your money, employers are increasingly offering the simplest option of all, which is to let someone else do it. Today about 22 percent of 401(k)s and other defined-contribution plans make investment managers available, up from 14 percent two years ago. Within five years, industry experts predict, most will.
Professional help, of course, comes at a cost. So before you opt in, consider these five key questions:
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1 Comments:
I think I found a guru but I need to know if anyone has heard of him and what they've heard/experience they've had.
I got on a website recommended to me by a friend. The site was for a guy named Drew Miles. I downloaded a free chapter of his book and it sounded pretty good.
Does anybody know him?
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