Today, Paul discusses an article about a recent lawsuit against an employer who mismanaged its employees’ retirement accounts. Employers are responsible for making decisions in their employees’ best interest, but oftentimes employers don’t know how to manage the accounts and don’t want to be responsible. Listen along as Paul and Jim talk about how your employer may be making you choose your investments or, even worse, choosing products for you for personal reasons. The result is that your employer spends their time looking out for themselves instead of reaching out for help and choosing products that work for you. Later in the episode, Paul and Jim talk about why investment companies want to sound sophisticated and tout their ability to analyze markets, and why you shouldn’t let any of their “advanced metrics” lead you into market timing.
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