The Associated Press has published
a story that might interest employees who invest in 401(k) accounts.
Many 401(k) retirement plans offer investors access to online or
over-the-phone chats with someone who can answer investment questions,
and it appears that those who don't ask for help can end up with less
money in their portfolios.
A new Charles Schwab examination of the 401(k) plans it oversees
found that investors who rely on some professional advice for
investment decisions enjoy greater returns than those who go it alone.
The investors who used an independent investment adviser that Schwab
makes available to its 401(k) participants saw an average 14.1 percent
return last year. Those who didn't solicit advice, at least from the
adviser Schwab provides, saw only an 11.1 percent return. A similar gap
in returns occurred in 2005.
(continue reading...)
Posted on
Tuesday, December 4, 2007
by Brad Neese