I think that is really good advice. Fees compound over time and end up significantly affecting your end result. Unless a financial advisor can get really stellar results over time for you (Bernie Madoff?), you can probably come out ahead doing it yourself and not paying fees. It does require that you take the time and effort to educate yourself about investing though. For example, a little over 9 years ago I took the time and effort to research this. I ended up investing some money to take a class to learn a specific investment method (Snider Method), which has performed beautifully for me ever since. If I had just tried to figure it out on my own by trial and error, I don't think I would have been anywhere near this successful in building my retirement accounts.