401k Participants Working with Advisors get Higher Returns

Participants in 401(k) retirement savings plans who pay for financial advice generate an average of 3.32 percentage points more in returns that do-it-yourself participants according to a study by Financial Engines.  Wei-Yin Hu, co-author of the study was quoted as saying “If your employer makes professional help available to you, you should use it”.

 

 

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