Why would I consider making changes to my 401(k) portfolio?
As a general principle, financial planning experts suggest investors should be:
- more aggressive when you have a long time horizon until retirement, because you’ll be able to ride out market fluctuations to increase your potential for higher returns
- increasingly conservative as you approach retirement, to protect your returns
How do I know what investment options I have available in my 401(k) plan?
Did you know that in a 401(k), you only have access to 20-30 different investment options that are chosen by your employer? When considering whether your 401(k) holdings are in line with your unique financial situation and goals, it’s important to understand all of the options that you have access to.
Check out our step-by-step guides to find out which investment options you have available in your 401(k) plan.