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Nearly 70% Of Americans Make 401(k) Rollovers Without An Advisor's Help

What departing employees don’t know about their 401(k) options can cost them dearly.

That’s because nearly 70% of workers don’t talk to a financial advisor about making 401(k) distributions, according a survey released today by Financial Engines, the workplace division of nationwide advisory firm Edelman Financial Engines, which is launching a new Fiduciary Distribution Service to capitalize.


I didn't realize Ric Edelman took over Financial Engines. Edelman was one of the pioneers in high-fee, high-commission financial advising. This can't be good news for Financial Engines advisees.

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