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Joe thinks he is a pretty savvy investor. He watches CNBC and hops online to stay up to date on the latest financial news. Plus, he has great instincts when it comes to investing. Joe decides to choose his 401(k) investments alone – but it could cost him. A recent survey by Aon Hewitt and Financial Engines revealed that those "seeking help" with their 401(k) saw an annual return nearly 3 percent (292 basis points) higher than those who didn't. This can cost Joe big over time. For example, take $10,000 of Joe's nest egg to invest. Based on the median annual returns noted in the study, with help he could have $71,400 after 20 years, versus just $42,100 if he went at it alone. That's a possible difference of $29,300.
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