In a perfect world, every American would have access, and the cash, for a certified fiduciary financial planner. (Photo: Shutterstock)
Would 401(k) savers benefit from spending more of their savings on managed account services?
New research from Morningstar — a longtime evangelist for low-fee investing — suggests savers in workplace retirement plans could realize a more secure retirement if they paid for automated in-plan investment advice.
“The average person in a 401(k) plan is not making the right decisions for retirement,” said David Blanchett, head of retirement research for Morningstar Investment Management.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
