Little did we realize seventeen years ago when we formed Addis & Hill we were part of a phenomenon! Thankfully the fiduciary movement has taken hold and things are changing. Laws in the US and abroad are being put in place to protect the consumer from ruthless financial product pushers – those that collect big commissions based on the products they sell. Unfortunately that model of compensation can leave the investor holding the bag in many instances. Financial product sales people are held to a different standard – that of their employer. The fiduciary standard we believe is the higher standard. A fiduciary must act in the best interest of the client. Addis & Hill has no employer that we have to appease. Our independence is everything to us and we would not operate any other way.
Today Chip discusses the most frequently asked questions related to 401(k) contributions. Should you use a ROTH or a traditional 401(k) account? How does my