August 7, 2022

Bucks: How You Solved Your 401(k) Problem

In this weekend’s Your Money column, I tell the tale of Alan Wenker, who spent 10 years hunting for a better 401(k) for his fellow workers and himself.

He finally determined that mutual funds from Dimensional Fund Advisors were the best choice and used a local financial adviser in Minneapolis to help him transfer his 401(k) plan’s assets to their new home.

Others may have found different solutions, though. In the column, I mention retirement plan administrators like Employee Fiduciary, the Online 401(k) and Invest n Retire. I also suggest looking at AssetBuilder’s 401(k) plans and keeping an eye out for Schwab’s new plans that will only contain exchange-traded funds.

Have you helped fix your 401(k) or other, similar retirement plan? If so, please tell us a bit about the size of the plan, the problems it faced, what you did to solve them and who helped you do so.

Article source: http://feeds.nytimes.com/click.phdo?i=435148aa35a3e86ae0145e314a5334cf

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