Take a few hours today to set up your retirement savings for life - The White House Confirms It is Now Time to Go Direct
The White House confirmed in this January 2015 White House Memo, financial advisors are costing the average American billions of dollars in useless fees to conflicted financial advisors. Time is of the essence. Further, so-called “consumer advocates”, such as Better Markets, recommend continuing to use conflicted advisors, some with criminal records, in a so-called “fiduciary” data base. You work hard for your savings, do not let it be given on a silver platter to conflicted intermediaries. There is a better way.
Before 401k’s and IRA’s, lawyers and doctors, without pensions, did not go to “advisors”. They did not exist. They created their own retirement plan by going direct to the best money managers in the United States. Not On My Nickel takes you back to those days. You now have the tools, education and platform to go direct. Just as you do not use a travel agent any more, due to technology, you no longer need the financial intermediary.
Our direct platforms, tools and education are independent, unlike the “advisors” offered by your employer, that work for financial services firms. Their workplace training, education and their investment options are delivered to increase their bottom line, not yours.
Our easy-to-follow process shows you how to save hundreds of thousands of dollars when you directly invest your retirement savings into the top performing, low fee, active or passive money manager, without the financial advisor middleman. Cutting edge tools and benchmarks give you the confidence to know you have selected the best money manager for your retirement nest egg. There are just a handful of top money managers for your core retirement nest egg. Don’t you want to know who they are? Don’t you want them, the true fiduciaries, to manage your retirement savings?
Not On My Nickel’s benchmarking platform and tools are coming soon. Our beta has closed to focus on completing our platform, tools and App. Email us at firstname.lastname@example.org to get it first, whether it is for your 401k, SEP, IRA or small business.
A typical investor who hires a financial advisor spends $155,842* on fees over their investing lifetime.
That’s 51% of the average total investment portfolio!**
This is wasteful spending that should be invested in your retirement fund, not an advisor’s pocket.
Our independent, unbiased research of 1000s of firms results in the very few top core retirement mutual funds for you to choose from quickly. For the first time you have the unbiased research and the tools to analyze any investment option against a Benchmark, the NOMN Benchmark. For the first time you are empowered, through transparency, tools and a benchmark to know if you are choosing the best core investment option for your retirement nest egg.
Our proprietary methodology is grounded in 30+ years of experience in global capital markets, financial analysis and consumer investor advocacy. We have no hidden conflicts and fees. We usher in a new era of transparency that creates a new robust competition for the right to manage your retirement savings. You should not pay any conflicted intermediary or be forced by your employer into any mutual fund that is not managed by the best money manager, that delivers the best performance, at the lowest cost. You work hard for every dollar in savings for you future. Your retirement nest egg deserves to be invested only with the best money manager.
Save Your Sanity
Gain peace of mind investing with managers that have your best interest in mind.
Top managers must meet seven criteria:
- Superior, long-term results
- Low management fees
- Low portfolio turnover
- Sustainable economic value
- Low number of other funds managed
- A manager that uses an approved NOMN custodian, with over five years retirement investor custody experience
- An operating philosophy that proves clients come first!
Not On My Nickel is the ideal dedicated retirement platform and benchmarking service for busy people who want to save hundreds of thousands of dollars by eliminating the financial advisor from their retirement investing equation and learn, through online interactive tools, how to determine if they are invested with the top active or passive money manager, with low fees. Gain knowledge of the risk considerations as to clearing, custody and trade execution, potentially in “dark pools.”
The first independent direct education retirement platform now provides the knowledge on how to access the so very few low fee, top performing money managers, who file audited performance with the SEC, on your own, with no intermediary fees.
*Assumes advisor fees of 3.40%, the average published mutual fund fees and fund selling expenses on an initial investment of $10,000, with $3,000 annual contributions, compounded over 30 years, with an annual rate of return of 6%.
**CNN, June 28, 2012, cited 401(k) savers are paying 30% of the balance in fees. Fees grow to 51% of the balance by employing a traditional financial advisor for 401(k) participant advice.