You’ve made the responsible decision to start taking advantage of your employer’s 401k plan or maybe you’ve had one for a while but need some guidance on how to choose from the many investment options available to you. We at Frugalbrag applaud your efforts in taking your financial future seriously and have put together this guide to assist you in making some educated choices about which investments to select in your 401k plan. Now let’s begin looking at the basics so that you can make a more informed decision when selecting investments in your 401k plan.
- Why invest in a 401k
- Are fees that important?
- Can I just select the target date fund that’s closest to my retirement date?
- A note about diversification and risk.
- Putting it all together and taking action.
