I’m new to investmenting in 401k. can someone pls explain the contribution and the how to invest the money we have in the 401k account. #401k #investing
There’s a ton of information on lmgtfy.com/?q=401K
The first thing you need to do is max out the company match. Hopefully you’ve done that because you’re leaving free money on the table otherwise. As for investing options, I’ll let the other posters handle that
max out company match / do both Traditional 401k and ROTH 401k / move everything in the 401k portfolios to index funds / the end.
Why both?
Why not both?
Max it out and not just up to the employer match amount. Invest in index funds like s&p 500, total stock market, a little bit of international and make sure expense ratios are low because high fees eat away at your gains.
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Set paycheck deductions to put money in account. Make sure money in account goes to target fund. Profit.
Also, whenever you can, do web searches for things.
Also click on ads and buy stuff from time to time. That helps the stock price