One of the key debates is active vs. passive investing, especially since passive funds have outperformed active funds over the past few years. Passive funds also have the advantage of low cost because they usually track an index and don't have experts personalizing a portfolio.
But Jamie Cox, managing partner at Harris Financial Group, tells CNBC's "Power Lunch" on Monday there is a place for active management in this market.
"Passive strategies are the undisputed winners for accumulation-keep the costs at the absolute minimum and contribute at the highest frequency possible; however, when tasked with sustaining a 4% withdrawal rate over time, many active funds have better results, Cox said.
For investors who are in retirement or close to retirement, this makes active funds very attractive.
"Low-cost, active funds provide a nice portfolio base for most retirees," Cox said.