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A 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 option
by wj 11y ago
A 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.