How to Manage Your 401k Like a Pro

how to manage your 401k

Are you currently managing your own 401k? Do you feel like you have a good handle on what you are doing? For many, they most certainly do not, but they also don’t want to pay the high fees of someone else handling their money for them. So instead, they just choose a few options at random (or because that’s what their friend at work told them to invest in) and hope that these moves will earn them a decent return in the long run. Does this sound familiar? If it does, don’t feel bad, but take this time to actually do something about your lackluster investments! As your first order of business, I would sign up with a free investment tracking service like the one below so you can easily discover where your money is invested and how much money you are earning (or aren’t currently earning).

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