A friend recently sent me an email to tell me he was worried about his portfolio.
He had had a free consultation with an "advisor" onsite at his workplace, and that person had spotted some problems. The low-cost target-date 2035 fund that he had invested in through his 401(k) (that I had recommended) was way too conservative, for one thing. Meanwhile, the advisor thought my friend's rollover IRA, parked in an S&P 500 index fund, completely missed the boat because it didn't include small caps. The advisor's solution? A variable annuity.