I have been an investment advisor for over 30 years. I see really smart people do really dumb things in their company 401(k) retirement plan account. Here are the top five biggest mistakes that I have seen Minnesota investors make. First, individual company 401(k)...
Most individual Minnesota company 401(k) retirement plan participants are not engaged in the investment management of their company 401(k) retirement plan account. These individual investors don’t pay any attention to their monthly or quarterly company 401(k)...
I just read the most recent Fidelity Investments study. The information reinforced the three main problems currently facing individual company 401(k) retirement plan participants. The first problem is the lack of will. Most individual company 401(k) retirement plan...
I would like to remind everyone that the month of April is Financial Literacy Month. There is a nonprofit organization called Money Management International that has set up a web site with Thirty Steps to Financial Wellness. There is some great financial information...
I am going to make an educated guess here. I have seen enough Minnesota company retirement plan menus in my career to know that following statement is true. The mutual fund options in your company 401(k) retirement plan menu are not very good. These mutual funds...
