Does managing your own 401(k), 403(b) or Deferred Comp plan intimidate you? The decisions you make have a huge impact on your long term results. Today is the first part of a two part series. We’ll offer some basic tips for your 401k.
Video: Tips for Your 401k
Watch Part 2
Mistakes To Avoid in Your 401k
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Tip 1: Asset Allocation
When investing, you make a trade off. Assets like stocks offer a lot of potential for return. But it comes with some wild swings in vlaue.
Investments in bonds or cash limit the volatility. But they don’t provide many opportunities for growth.