Paul Mauro • Westboro, MA
Legacy Financial Advisors, Inc. • SII Investments, Inc.
However, if 80%–90% of your future security is tied up with your retirement funds, whether 401(k)s or other plans, that is a concern. These types of plans are the number-one savings vehicle for most people, and most are not managed at all. There are very few people who have the time or expertise to manage their retirement portfolio properly: staying on top of it, looking at it regularly, making all of the changes that are required, and so forth.
They really should employ a professional advisor for their retirement plan, along with all of their other financial needs. I believe all money requires active management.
I do a lot of remote asset management for these plans, actually attaching software to the retirement account. Not every advisor can do this, and there are some hurdles to go through, but it is an important value-add for clients.
Disclosure: Paul Mauro is a Registered Representative and Investment Advisor Representative of SII Investments, Inc. Securities and advisory services offered through SII Investments, Inc., member FINRA and SIPC and a Registered Investment Advisor. Legacy Financial Advisors, Inc. and SII Investments, Inc. are separate and unrelated companies. SII does not provide tax or legal advice.
Photography by Greg Anthony
