Quote:
Originally Posted by oddstray
Our financial guy didn't like any of the investment options in my 401K plan. He said they were great for younger workers, but lousy for someone looking at retiring soon. So we did an "in-service rollover" (which anyone can do after age 59) and he's investing the money in more appropriate ways.
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I have NEVER seen a financial adviser who wanted you to keep your money in the employer's 401(k) even when such funds are invested in low-cost no-load index funds with good performance records.
I would advise anyone to take a closer look to see what the financial adviser proposes to do with the funds first.