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Reply to "Move 401K Funds out of Employer Account to IRA Managed by Advisor?"
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[quote=Anonymous]The fee of your 401k may go up if you leave it at an old employer. Move it away from the employer since he will be done with them. There is zero reason for an advisor unless they help you save on taxes. You didn't mention it. The problem is not even where the money is, but it's highly taxable. Advisor is not allowed to invest your money the way you could invest it for you. They don't know your personal situation like you do. The advisor investing it for you, teaches you nothing. [/quote]
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