Employees aren't getting best money-management advice, GAO says

04/3/2013 | Washington Post, The

A Government Accountability Office report says that workers are being given advice from money-management firms that isn't necessarily in their best interests. For example, workers leaving an employer often are urged to roll their 401(k)s into IRAs run by the companies that already manage their funds, although maintaining the 401(k) might be a better option, according to the report.

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