I have been mentoring a friend of mine who wanted to take control of his 401k plan and manage his investments rather than choosing from the standard mutual funds that have performed poorly in the past year or so. As I have shown him the mechanics of expanding the choices in his plan and discussed [...]
My employer sponsors a 401k plan with investment options in company stock or selected mutual funds. There are good reasons to not put all of your retirement investments in company stock, but the mutual funds offered in the traditional plan may not cover all the investment vehicles you want to use. Please be aware that this traditional “Prototype” fund may not be your only choice.
For example, Fidelity’s “Non-Prototype” BrokerageLink™ program allows investments in stocks, bonds, exchange traded funds (ETFs), and more, depending on your experience and expertise.
