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description Blooom Overview
Blooom is a specialized robo-advisor that focuses exclusively on managing 401(k) accounts. It is a great tool for beginners who are confused by their employer-sponsored retirement plans and want an automated way to optimize their investments. It analyzes your current 401(k) and makes recommendations to lower fees and improve diversification. While it is a niche service, it is incredibly valuable for those who have limited options in their 401(k) and want to ensure their retirement savings are working as hard as possible.
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