July 10, 2014
Most Americans don't get any professional financial advice about retirement. And boy, do they need it. Many small employers desperately want help initiating a 401(k) plan and wading through the myriad investment options they know nothing about. Employees have little idea how much to save or how to pick the right fund. Enter the financial advisor to save the day.
The retirement account system isn't perfect, but fixing it is a formidable task, says Texas Tech personal financial planning professor Michael Finke.