April 2016 Update- I really can’t believe THIS is even necessary!! Goes to show you what has become of the industry!
If you think the advice you’re being given by someone who wears a fancy suit and works for one of the behemoth firms, or banks, that we are all familiar with is in your best interests, have a gander at this article in the NY Times. If the balance in the retirement account isn’t doing what you might have hoped, there might just be a reason for it! That’s the reason behind what I’m doing here. The money management industry is slanted towards the benefit of those that work in it, not for the client! That they’ve been able to get away with it for all these years is a travesty that’s being imparted on the middle class of this country. It’s high time that people were made aware of what’s been happening to them all these years, and more importantly, do something about it! Get someone who has no conflicts and nothing but your interests in mind and let them guide you towards investments that are going to give you the best chance of growing your money, without the haircut of your financial services firm taking a % that helps pay for their fancy country club memberships. Can you tell I’m a little annoyed about the situation? It’s been going on for years and IT”S NOT RIGHT!