Online retirement advice and low cost investment guidance

[obgyn65]

Some forum participants may find this information useful :

http://www.reuters.com/article/2013/04/11/column-miller-investing-idUSL2N0CY1BT20130411

"The cost of advice is often a turn-off, and few advisers are eager to sign up clients with small account balances. As an alternative, many savers, including an older and wiser Zeiger, are turning to websites that offer low-cost investment guidance."

Has anyone used FutureAdvisor ?

 

[FinanceDude]

"In-house financial adviser at the Mayo Clinic"..........how nice of a gig........

30 bp to have a computer program tell you what funds to buy? Sounds like a big moneymaker for the folks "advising" the 401K plan participants. Where can I sign up?

 

[MichaelB]

"In-house financial adviser at the Mayo Clinic"..........how nice of a gig........

30 bp to have a computer program tell you what funds to buy? Sounds like a big moneymaker for the folks "advising" the 401K plan participants. Where can I sign up?

I read that as 3 basis points

Two-thirds of Mayo Clinic employees are using Financial Engines, typically paying an annual fee of 0.03 percent of the holdings, says Frank Allen, an in-house financial adviser at Mayo Clinic.