What Not to Ask When Shopping For a 401(k)

In the previous two articles in this series on retirement, I talked about How to Turn Your 401(k) Into a "Super Roth IRA" and Get the Max Out of Your 401(k). In this third part, I take a look at retirement from a different perspective, that of an employer.

How much is this going to cost me?

Asking how much something costs is a normal question any buyer will ask when considering the purchase of a product or service. One notable exception were Mercedes-Benz shoppers back in the 80’s whose salesmen would respond, “If you must ask, you can’t afford it.”

But what if I told you that this perfectly reasonable question can get a seemingly responsible business owner into an overly expensive deal that can be difficult to break free from. Even worse, it can expose the owner to legal liability if their employees can show that a buying decision was based on the answer?

Answers to "The 19 Questions to Ask Your Financial Adviser"

Answers to "The 19 Questions to Ask Your Financial Adviser"

If you are wondering what else you don’t know that you don’t know, Wall Street Journal columnist, Jason Zweig, recently wrote about “THE 19 QUESTIONS TO ASK YOUR FINANCIAL ADVISER”. All of these questions will help you to know your advisor a little better, and possibly learn some things you didn't even think to ask. I've included the questions and my answers to them below: