What is the best 401(k) allocation for me?
Deciding on an allocation for your 401(k) isn’t always easy. That’s especially true if you don’t have much experience with investing. However, it’s important that you take some time to research your options and find the best allocation for you. The best allocation is the one that will help you reach your goals, but will also have a level of risk and volatility with which you are comfortable.
Here’s a quick look at few tips for determining the best 401(k) allocation plan.
Consider your time horizon.
Your time horizon is one of the most important factors to consider when choosing your 401(k) investments. Simply put, your time horizon is the amount of time you have before you will need to access the money. Read more
3 Ways to structure your 401k plan vesting schedule
When you set up your 401k plan, one of the most important components will be how your participants obtain ownership of employer contributions. Obviously, one of the biggest benefits of a 401k plan is the ability for both the employee and the employer to contribute together towards the employee’s retirement.