The Pension Protection Act of 2006 shows once again the government's lack of understanding of the Law of Unintended Consequences. This law encourages employers to automatically enroll workers in the company 401k plan and help them choose where to invest.

Since most companies aren't in the business of giving investment advice, many bring in outside financial advisors to counsel workers.

Many investors know enough to be wary of "free lunch" investment seminars, but feel comfortable with their employer suggesting someone.

Not necessarily true, unfortunately. The company may not have vetted the financial advisor. Don't let down your guard.

It's particularly a threat to baby boomers in their mid-50s who may be told they can take early retirement, invest with that person and make more money at home than at work.

There is currently a claim against one well-known financial firm by former Kodak employees. Be careful!

We have many more articles on investing wisely with your 401k plan. Check them out below:

• Three 401k Warnings
• Avoid These 401k Mistakes!