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Written by:
James P
Date added:
September 20, 2013
Level:
University
Grade:
A
No of pages / words:
8 / 2219
Was viewed:
3033 times
Rating of current essay:
Essay content:
You're not going to build much of a nest egg with your money stuffed into low-yielding bond and money-market mutual funds, which is where too much of it sits.
A recent Fidelity Investments study of nine million 401(k) participants found that 16% of workers in their 20s have no money in stocks. Separately, many have all of their money in just one investment, and of those nearly 40% have all their assets in conservative investments, such as "stable-value" funds, which are little more than glorified money-market funds, or fixed-income funds...
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Separately, many have all of their money in just one investment, and of those nearly 40% have all their assets in conservative investments, such as "stable-value" funds, which are little more than glorified money-market funds, or fixed-income funds.
401(K) BASICS
? Max out: Contribute enough to capture your employer's maximum matching contribution...
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