How to Streamline and Improve Your 401(k)

It’s important to remember some basic principles about your 401(k) that apply to all your investments.

Invest in the lowest cost, diversified investments offered. Try to opt for indexed funds and avoid heavy advisory fees. A program that provides lots of free or cheap stock trades is doing you no favors; it’s merely throwing temptations in your path for undisciplined trading that will guarantee you losses or diminished returns over the longer-term.

And be sure the managed cost of your 401(k) account is low. Those also will mount up. (See the Earl J Weinreb NewsHole® comments.)