The company I work for apparently pays for Financial Engines to do portfolio suggestions for our 401k. I've never used the service, because I'm always wary of paid financial advisers trying to steer me into things good for the financial adviser.

My 401k is currently in a 2035 fund (based on retirement year), and is doing about %15 this year.

Financial Engines suggests some big tweaks, and not being a "hands-on" investor, I'm hesitant to change what seems to be working.

Anybody here use Financial Engines, or know anything about them?

I used their services when I was still working.

Felt like they did an excellent job with my 401K. Of course I paid them, not my employer.

Our company used Financial Engines for its 401k. There were two levels of service:
1. Free, which analyzed your portfolio and made recommendations
2. Paid by individual client, which manages your entire portfolio.
I used the latter service for a while, but their plan was too conservative for my needs, and I felt better managing the portfolio myself.
The free service I would recommend, but also educating yourself in other aspects of investment.

If you're turning 15 percent, leave it alone.

You can figure it out yourself. Google "asset allocation calculator." There are many out there.

Here's a questionnaire-based one from Vanguard Link,

and an input-driven one from Bankrate Link

Here's a tutorial on asset allocation from the SEC Link

quote:

Originally posted by Fredward:
If you're turning 15 percent, leave it alone.

15% recently isn’t all that great. 15% average over ten years is a different story.