What’s Wrong with Your 401(k)?

401(k) plans are always in the news.  And they should be.  This type of retirement plan – synonymous with all retirement plans – is one of the most widely used retirement savings vehicles in the U.S.  In the past several years, there has been significant focus on 401(k) plan fees, and whether plan sponsors (your employer) and vendors (investment, mutual fund, and insurance companies) are disclosing just what fees are being deducted directly from participant accounts. Continue reading

What Should Your Financial Plan Really Look Like?

How should your financial plan be structured?  The graphic below shows an approach that I like to follow when working with clients (whether they are just starting out with very few assets, or quite established with significant assets).  Please note that this is not representative of a comprehensive financial plan, nor is it meant to represent your unique situation.  It’s simply a tool to help clients prioritize where to begin and how to deploy their assets most effectively.  And where exactly do we begin?  At the bottom:

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