Individual 401(k) investors are unfamiliar with fiduciary investment advisors. Independent, third-party investment advisors can provide investment advice to 401(k) participants.
Investment advisors affiliated with a company retirement plan provider cannot provide investment advice. Broker dealers are reluctant to allow representatives to provide fiduciary investment advice.
Registered Investment Advisors (RIA’s) provide a fiduciary level of investment advice. The same fiduciary investment advice is available to 401(k) retirement plan participants.
An RIA can help an individual company 401(k) retirement plan participant focus on “what to buy.” RIAs analyze and rank the default company 401(k) retirement plan mutual fund menu options.
There are better mutual funds available on your 401(k) plan menu than all the ones that you currently own. Trust me on this.
There is a huge investment performance gap with the mutual funds you currently own now. And the ones you should own. That gap has cost you thousands of dollars during the recent stock market advance.
The U.S. stock market averages are near all-time highs. So is your individual 401(k) retirement plan account. An RIA 401(k) investment advisor can help you put a stock market risk management plan in place. You do not need to remain an unwilling participant in the next great stock market decline.
It is easy to not pay any attention to your individual company 401(k) retirement plan account. This is especially true when the stock markets are rising.
The stock market is no longer going up all the time. The next great stock market decline is closer than it was a few months ago.
Add a fiduciary 401(k) investment advisor to your financial advice team.
Ric Lager
Lager & Company, Inc.
I have spent the last several years trying to figure out the best way to share my 401(k) advice content. I have tried Twitter, Facebook, company web site, and LinkedIn Groups. I now realize nothing beats a well-crafted newsletter delivered to your inbox once a week. Sign-up here.
If you are concerned about your current 401(k) mutual fund relative strength ranking, comment below. Let’s start a conversation. The preservation of your 401(k) principal might be at risk.
