{"id":234,"date":"2013-06-13T21:06:07","date_gmt":"2013-06-14T07:06:07","guid":{"rendered":"http:\/\/tcfa.us.tempcloudsite.com\/the-lie-of-professional-401k-management\/"},"modified":"2025-01-17T15:52:47","modified_gmt":"2025-01-17T21:52:47","slug":"the-lie-of-professional-401k-management","status":"publish","type":"post","link":"https:\/\/thecashflowacademy.com\/es\/the-lie-of-professional-401k-management\/","title":{"rendered":"La mentira de la gesti\u00f3n profesional del 401(k)"},"content":{"rendered":"

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When the ideas that would eventually evolve into 401(k) plans were presented, they painted a rosy picture for American workers. All we had to do\u00a0was put our hard-earned money into a fund and everything would be fine. Among other things, we were told the lie of professional 401(k) management.<\/p>\n

The lie of professional 401(k) management is that fund managers are interested in your financial security. In my book 401(k)aos<\/a>\u00a0I write:<\/p>\n

\u201cWith financial freedom tucked away under the watchful eye of these trusted financial companies, we could turn our focus to working hard in the here-and-now. The future was taken care of by people smarter than we are and who cared about us.\u201d<\/p>\n

All you have to do is look closely at your 401(k) plan statements to see how much those managers really care. Most mutual funds included in 401(k) plans charge you between 1 and 2 percent of the fund\u2019s assets \u2014 the Expense Ratio \u2014<\/p>\n

Compare the funds\u2019 returns to any major index to see if the professional advice you\u2019re getting is worth it. And don\u2019t be fooled by comparisons to Lipper benchmarks, that only compares your fund to similar funds, not to any external measurement.which translates to millions of dollars of our money.<\/p>\n

Then there\u2019s the company that manages your company\u2019s accounts. Don\u2019t even try to figure out how much they\u2019re charging you.<\/p>\n

\u201c\u2026reality is proving to be entirely opposite than expected. That future we dreamed of is in serious jeopardy for most people.\u201d<\/p>\n

Professional 401(k) fund managers are only interested in your money as long as it makes more money for them. Anything else they tell you is the lie of professional 401(k) management.<\/p>\n

For a free copy of my book 401(k)aos click HERE<\/a>. Like us on Facebook (facebook.com\/andytannerrichdadadvisor<\/a>) and follow us on Twitter (twitter.com\/andytannerstock<\/a>)! Thanks for reading!<\/p>\n

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When the ideas that would eventually evolve into 401(k) plans were presented, they painted a rosy picture for American workers. All we had to do\u00a0was put our hard-earned money into a fund and everything would be fine. Among other things, we were told the lie of professional 401(k) management. The lie of professional 401(k) management […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"\"images\"<\/a>\r\n

When the ideas that would eventually evolve into 401(k) plans were presented, they painted a rosy picture for American workers. All we had to do\u00a0was put our hard-earned money into a fund and everything would be fine. Among other things, we were told the lie of professional 401(k) management.<\/p>\r\n

The lie of professional 401(k) management is that fund managers are interested in your financial security. In my book 401(k)aos<\/a>\u00a0I write:<\/p>\r\n

\u201cWith financial freedom tucked away under the watchful eye of these trusted financial companies, we could turn our focus to working hard in the here-and-now. The future was taken care of by people smarter than we are and who cared about us.\u201d<\/p>\r\n

All you have to do is look closely at your 401(k) plan statements to see how much those managers really care. Most mutual funds included in 401(k) plans charge you between 1 and 2 percent of the fund\u2019s assets \u2014 the Expense Ratio \u2014<\/p>\r\n

Compare the funds\u2019 returns to any major index to see if the professional advice you\u2019re getting is worth it. And don\u2019t be fooled by comparisons to Lipper benchmarks, that only compares your fund to similar funds, not to any external measurement.which translates to millions of dollars of our money.<\/p>\r\n

Then there\u2019s the company that manages your company\u2019s accounts. Don\u2019t even try to figure out how much they\u2019re charging you.<\/p>\r\n

\u201c\u2026reality is proving to be entirely opposite than expected. That future we dreamed of is in serious jeopardy for most people.\u201d<\/p>\r\n

Professional 401(k) fund managers are only interested in your money as long as it makes more money for them. Anything else they tell you is the lie of professional 401(k) management.<\/p>\r\n

For a free copy of my book 401(k)aos click HERE<\/a>. Like us on Facebook (facebook.com\/andytannerrichdadadvisor<\/a>) and follow us on Twitter (twitter.com\/andytannerstock<\/a>)! Thanks for reading!<\/p>\r\n

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