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Do-It-For-Me 401(k)

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You have more opportunities for success today with your 401(k) than ever before. The reason why is that more and more plans are offering a managed account option. A managed account is one for which you can hire a professional to do the investing for you. No more worrying about what funds to buy or getting hit by big mistakes.

The biggest mistake I see is  that too many young professionals have their 401(k) invested in their company stock. I like the confidence—I realize it’s hard to diversify (sell company stock) when you believe in your company—you should believe in your company.

But that doesn’t mean having all of your retirement savings invested in your company stock is the right move. A seasoned professional can help.

“More people are looking for do-it-for-me solutions,” says Fidelity’s Sangeeta Moorjani. And that’s where an investment advisor can come in and help you manage your 401(k).

E.J. Smith

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306.

He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com.

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