Do you need a personal financial advisor for your 401K?

A few months ago, following a health scare in the office, I started to seriously think about our family finances. I realized that there are so many loose ends which need to be tied: from beefing up term insurance to estate management. Each family in unique in its needs and spending habits and it is increasingly apparent that we might need the help of professionals, particularly given the convoluted legal system that we have and the dearth of investment options.

I’m really looking forward to seeing the finalized implementing guidelines to the PERA (Personal Equity and Retirement Account). It has set my hopes up that we will finally have the equivalent of the 401K in the United States which assists ordinary blue and white collar workers build a nest egg for the future.

Which then brings me to the role of a personal financial advisor. Here, that role is usually taken by insurance agents and bankers, both of whom have vested interests as their ultimate employers are the insurance companies and banks, not the individual. There is definitely a need for personal financial advisors.

While surfing the net, I came across the website of a company which I hope could be mirrored here some day. The Steidle Financial Group, LLC was set up to assist NJ-based individuals with their investment, insurance, estate and retirement planning. Hmmm… are you a small business owner or employee interested in but uncertain on how to proceed with 401K Administration, 401K Plan Retirement and Small Business 401K? Let this group assist.

Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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One Response

  1. I found your blog on MSN Search. Nice writing. I will check back to read more.

    Eric Hundin

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