The Lead Comment
Recently I wrote something about “paying twice” (http://www.secureretirementadvisorsllc.com/blog/%E2%80%9Cpaying-twice%E2...) which I encourage careful readers to revisit. There are now “national” services that will – for a fee—provide “guidance” of some type for your 401(k) plan and other similar accounts. Two specific services are mentioned in the Wall St. Journal article referenced directly below.
I mention “paying twice” because – one way or another – these services are not free. The participant will pay. In general, I won’t necessarily disagree with a participant paying for advice. I’m in the “paying for advice” business. But please keep in mind with these types of services, what you are getting – very likely – is an algorithm.
If your 401(k) or similar plan is critical to your achieving your retirement goals, at least talk to a Financial Professional who could show you what customized advice for you would look like – as opposed to simply an algorithm.
The How-To Articles
Help Maximizing Retirement Accounts . . . . Wall St Journal
Retirement is No Holiday from Debt . . . . Wall St Journal
The Finance - Economic - Political Articles
The $2.7 Trillion Medical Bill . . . . . New York Times
Breadwinning Wives & Nervous Husbands . . . . . New York Times
Risk-Averse Culture Infects U.S. Workers, Entrepreneurs? . . . . . Wall St Journal
The Future of the Web is Video . . . . . Big Picture
Facebook is for Old People . . . . . Big Picture
Truly and uplifting story.
Brookline Financial Advisor
If you’re looking for a Brookline Metro Financial Advisor – or if you’re happy to work virtually – visit me at my Coolidge Corner office. Or call or email me anytime with your questions!
Investments in securities do not offer a fixed rate of return. Principal, yield and / or share price will fluctuate with changes in market conditions and, when sold or redeemed, you may receive more or less than originally invested. The views are those of Bruce Mazo and should not be construed as investment advice. All information is believed to be from reliable sources; however, we do not make any representation as to its completeness or accuracy. Investors cannot directly invest in indices. Past performance does not guarantee future results.