Make Your 401(k) Work Harder

January 9, 2012 11:00am by

Don’t let your 401(k) languish.

That is the ‘radical” conclusion of the Employee Benefits Research Institute, a D.C. think tank.

Brett Arends of the WSJ gets more specific, and suggests a five-step plan to fix your 401(k):

1. Take control.
2. Cut your costs.
3. Lighten up on U.S. stocks.
4. Look internationally.
5. Review your bond funds.

Most od the 401(k) plans I review unfortunately offer a rather limited range of investment options — few ETFs, too many similar funds. Rolling over your plan into a self-directed individual retirement account allows you many more options for retirement. All you need to do is change jobs or quit.

I have an idea: National 401(k) Roll Over Day — even if you don’t quit! What are the odds of getting that passed . . . ?

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Source:
How to Make Your 401(k) Plan Work Harder
Brett Arends
WSJ, January 8, 2012
http://online.wsj.com/article/SB10001424052970203462304577138834217346506.html

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