A Simple Guide to Better 401(k) Decisions
Most people think managing a 401(k) is simple.Pick a few mutual funds, set your contribution, and let it ride.But that “set-and-forget” mindset is costing your 401(k) thousands. The average 401(k) plan offers 21 mutual funds.And most of them own the same stocks. If...
What Happens to Your 401(k) When You Do Nothing
A 401(k) investor told me last week,“I’m doing everything they say—buy?and?hold, stay calm, ride it out.So why does my 401(k) account keep dropping?” He wasn’t panicking.He is confused.And that confusion is what hurts your 401(k) the most. The myth is that “doing...
Why Your “Balanced” 401(k) Isn’t Actually Balanced
You think you’re diversified in your 401(k) mutual funds. “If I spread my money across asset classes, I’m protected.” Most 401(k) mutual funds.Are driven by the same underlying economic forces.When those forces move, everything you own can move with them. If your...
A Do-It-Yourself 401(k) Alternative
If you’re serious about improving your 401(k), you have 3 options: 1. Don’t hire help and continue banging your head against the wall. 2. Spend 1,000’s of hours studying financial jargon. With the hope of improving your 401(k) mutual fund picks. 3....
