Can my financial advisor manage my 401k

One major difference is the vastly higher contribution limit with self-directed 401 (k)s. 2 3. Secondly, self-directed 401 (k) plans allow …

Here are three reasons why. Image source: Getty Images. 1. You are appropriately invested for your age. Your age determines how many years you have until retirement, which is also your 401 (k

Resolving Disputes With Your Financial Advisor

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401(k) Investing/Trading … research suggests that a financial advisor can improve investment returns by an average of 1.5% to 4%, depending on the time horizon and how those gains are measured …

Robo-advisor fees frequently start at 0.25% of the assets they manage for you, with many top providers charging 0.50% or less. On a $50,000 account balance, 0.25% …

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Should you manage your own 401 (k)?

“The downside of managing your own 401 (k), beyond the additional fees, is you potentially becoming your own worst enemy,” says Mark Hebner, founder and president of Index Fund Advisors, Inc., in Irvine, Calif., and author of "Index Funds: The 12-Step Recovery Program for Active Investors.”

Should you work with a financial advisor Near You?

If you work with a financial advisor near you, you’ll typically meet in person in a local office. Higher cost, higher minimums: This is often the highest-cost option, and some advisors also require a high minimum balance, such as $250,000 in assets.

Can I use NerdWallet as a financial advisor?

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Financial advisors help people manage their money and reach their financial goals.

Why don’t 401 (k) investors want to invest in mutual funds?

Participants in 401 (k) plans might feel restricted by the narrow slate of mutual fund offerings available to them. And within individual funds, investors have zero control to choose the underlying stocks, which are selected by the mutual fund managers, who regularly underperform the market.

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