Your 401(k) Isn’t a Hedge Fund, So Stop Designing It Like One

There’s a line often attributed to Steve Jobs that gets repeated so often it risks losing its bite: simplicity is the ultimate sophistication. I’ll translate that into something this industry might actually understand, simplicity is the ultimate simplification. It’s not about dumbing things down; it’s about stripping away what doesn’t matter so people can focus on what does. In the 401(k) world, we’ve somehow managed to take that idea and run in the exact opposite direction.... By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.