As it turns out, you can't merely wave your hand in a languorous way and say, "Be a dear and invest it in low-cost index funds won't you, Philip? There's a good chap." I mean, for one thing, who is Philip, is he the butler? And if so how does he have access to the accounts?
Financial advisors are no longer for the wealthy. They're now paying attention to the mass market.
I work at a job that I really really like. One of the few downsides is that there is no such thing as a 401(k) and I know there won't be ever. So as a 30-year-old, I have a Roth IRA set up for retirement. And all the articles say "Contribute to your 401(k)!" but what if that is not an option? Should I have a traditional IRA as well? Should I invest in a jar to stuff my money into? — K.K.