An article published in Forbes by John Wasik includes a good summary of the primary sources of investment information for individual company 401(k) retirement plan participants.
In addition to listing the pros and cons of each type of investment, the article provides a good reminder to be careful where you get your information and advice. Conflicts of interest are everywhere.
Why aren’t more people getting help in selecting the right investments? Wasik writes that fear, anxiety, and lack of education act a road blocks for most.
There are many moving parts in a company 401(k) plan. Each part plays its role; and each part has self-interest in how an individual company 401(k) retirement plan participant invests his or her money.
Providing investment advice to individual company 401(k) retirement plan participants has grown to be a highly specialized niche business. You pay for the level of advice and attention that you would like to have.
Seeking the right level of company 401(k) retirement plan investment advice is easier than ever. Make sure that a company 401(k) advisor is part of your investment advisory team.
Ric Lager
Lager & Company, Inc.
