Section III-A -Lesson 10
Investing Your 401k Money - Summary And Review
The following is a summary of the major points presented in this section about investing your 401k money and building wealth.
1) Your 401k plan is probably the best investment opportunity you'll ever have.
2) It will help you meet all sorts of needs in addition to retirement.
3) Don't even think about not participating.
4) Begin contributing immediately. Early money earns the most.
5) Set your contribution high enough to capture the maximum company match.
6) Select the most widely diversified common stock fund offered by your plan as your investment.
7) Allocate 100% of your contribution to this selection. Splitting your investment will only dilute your return.
8) Do not tinker with your plan in any way after setting things up. Do not vary your contribution or switch back and forth between investments. Leave well enough alone.
9) A typical Vanguard 401k menu of mutual funds is discussed.
10) A typical Fidelity 401k menu of mutual funds is discussed.
11) You can take withdrawals and loans if you really need the money.
12) You should move your money to an IRA when you leave.
Recommended Reading
For more complete guidance and advice about investing and managing your company 401k for maximum returns, you should check out our classic textbook, Financial Independence 101, A Simple Strategy For Building Wealth, on which this course is based
The book is now being offered in hardcover at the special price of $19.95 with free shipping (you save $9). It is also available for immediate download in PDF format at only $9.95. Check it out!
Do you know others who would enjoy and benefit from this course? Pass the word along. It's free. And we will never violate your privacy!
A Publication of About Your 401k.com
The book that inspired the birth of this website. Now available in either PDF or hardcover. Check it out!
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