Are Managed 401(k) Accounts Worth the Extra Cost?

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Are Managed 401(k) Accounts Worth the Extra Cost?

Whether or not you should pay for that extra hand-holding depends on your temperament, investment acumen and financial needs. Dreamstime/TCA

Tribune News Service

By Tribune News Service

Updated:

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By Donna Fuscaldo From Kiplinger’s Personal Finance

Professionally managed accounts within 401(k)s are having a moment. As of the end of 2024, nearly all participants in Vanguard plans had access to target-date funds, and almost 80 percent had access to accounts that financial advisers managed. But that advice comes at a cost.

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