401k plans have become the key investment for retirement income and need to be managed with better information and better investment options.401k accounts were originally intended as supplements to pensions and not as the main source of retirement income, as they have become today. 62% of private sector employees had a pension in 1980 versus only 7% in 2008.But the increasing importance placed on 401k  accounts to provide most of the retirement benefits to employees has not been matched by the investment and retirement planning education necessary to help employees make appropriate investment decisions. A professional financial manager like GFG can provide the supplemental education and the timely advice that is currently lacking.401k plans usually offer a preselected menu solely of mutual funds, narrowing the choice of investments and excluding individual stocks or bonds for improved control of outcomes. A registered investment advisor can offer a broader range of investment choices that may help improve returns and mitigate risk in a bear market.Please see the above “Why pay GFG for investment management” for the overall reasons to hire a financial advisor.