Fred Cook discusses the complexities of 401k strategies.
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-fred-cook-partner-wealth-advisor-with-cavu-financial-discussing-401k-strategies/
Fred Cook delves into the challenges and complexities of managing a 401k plan. He highlights the fact that 401k strategies can be messy and difficult to follow. While some individuals choose to manage their own plans, Fred Cook emphasizes that this can be overwhelming for those without investment expertise. Even for those who possess the necessary knowledge and skills, Fred points out the time constraints and the need for constant portfolio evaluation and adjustment as plans and funds change.
Furthermore, Fred Cook discusses the difficulties that arise when leaving a 401k with a previous employer. By doing so, individuals have less control over their investment choices and are limited to the options provided by that specific plan. This lack of control and flexibility can hinder effective investment management.