Article: 401(k) Plans
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401(k) Plans
I?ve been in and interested in the stock market so long (one year shy of forty years) I can remember when the mutual fund pages in my home town paper were just one page! Now it looks like there are more mutual funds then there are stocks listed on the New York stock exchange.
I wonder how many billions of investor dollars are supporting these funds. How many investor dollars are supporting all the brokerage firms? How many times has 401(k) monies been given to a ?financial expert? to manage after retirement, then three years later the $400,000 is down to $200,000. (Yet, the financial expert is still driving around in a new Lexus.)
I could tell you stories from the people I know, who have retired and aren?t so happy with these experts, but I bet you know some stories of ...
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