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"The 401k is tied to dozens of Vanguard index funds" Would be great if someone would offer self-directed 401k plans. In theory, they exist, but in practice, th
by No1 11y ago
"The 401k is tied to dozens of Vanguard index funds"
Would be great if someone would offer self-directed 401k plans. In theory, they exist, but in practice, they're nowhere to be found.
- wj 11y agoA lot of plans (well, a growing number) are now offering a self-directed brokerage account so that participants can opt out of the preselected investment options and pick their own. You should ask your H.R. department about adding that as an option.
- No1 11y agoAs luck would have it, I have asked HR ;) They have no clue what self-directed means, who to contact at the 401k provider, and aren't really interested in making more work for themselves. Simply getting some paperwork forwarded along to the provider took a couple of months. Unless you're a C-level exec, it ain't gonna happen.
- wj 11y agoI think you are onto something there. I feel like it usually is the C-level exec that feels he can out perform both the advisor's models and the market in general.