Picking investments in your 401(k) is it’s a lot different than picking stocks. Thank goodness. Most people, myself included, are terrible stock pickers. In fact few 401(k)s allow you to pick individual stocks. When we talk about choosing your 401(k) investments, we’re talking about choosing mutual funds.
Let Me Tell You How Amazing Your HSA Is
Health related expenses have continued to skyrocket with no signs of letting up. For retirees, health care costs are estimated to be around $260,000 for a 65 year old couple during their retirement years, according to a recent study by Fidelity.
401(k) Workshop, Part 3: Develop a Wealth-Building Plan for Your 401(k)
In Part 2 we evaluated your current financial status by showing the importance of creating a simple budget, optimizing your cash flow, and creating a Personal Financial Statement. In Part 3 we’ll develop your investment plan based on your financial status in Part 2 and your financial goals in Part 1.