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I love it when folks ask me these questions and the conversation that ensues. The talks are always fun and interesting because, in general, most investors and their advisors often put the cart before the horse when determining investment strategies.
A ‘self-directed’ 401(k) or ‘self-directed brokerage account’ allows participants to work with an investment advisor to finally receive the advice and guidance they needed (and deserved) to preserve and plan for their retirement.