How comfortable are you with how much risk you’re taking in your 401(k)?
Share to twitterHow comfortable are you with how much risk you’re taking in your 401? Does your employer offer a Roth option? Are you getting the full employer match? Those are some of the pertinent questions you should be asking about your workplace retirement account, says Denis Higgins, a CPA with Edelstein Wealth Management in Boston.
There’s no check engine light that goes on, so it’s easy to ignore a poorly tuned 401. Easy, but hazardous to your retirement wealth. Here are some things to check for under the hood.“Know that the plan rules are the rule book,” says Ed Slott, a retirement plan expert and CPA in Rockville Centre, N.Y. You should download a copy of your plan’s summary description so you have it to double check on what HR tells you.
I'm an associate editor on the Money team at Forbes based in Fairfield County, Connecticut, leading Forbes' retirement coverage. I manage contributors who cover retireme...
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