With Hurricane Sandy bearing down on New Jersey in 2012, Gov. Chris Christie memorably took to the airwaves. "Get the hell off the beach!" he scolded the stragglers who did not take the storm threat seriously.
I feel the same way about brokerage windows within 401(k) plans.
They are risky, potentially very expensive and appropriate for only a very small fraction of 401(k) investors. Don't offer them in your plan. Period. If a weather professional (think the great Jim Cantore) wants to stand in the middle of a hurricane, that's his business. Everyone else – get off the beach!
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
