Five 401k Questions

On Friday 11.06.09, I will be talking with Gina and Kat about 401(k)s on their popular radio show MomsMakingaMillion. Here is a glimpse of what we will be discussing about your defined contribution retirement plan.

"So you're looking at your 401(k) and suppose its just average. Not too large and not too small. Can you pick too many funds?"

Five would be about the optimum number to own. Because you have to begin somewhere, most of us opt for the index fund that tracks the 500 largest companies. This is good first choice and if the 401(k) is really small, a decent only choice.

To read the full article about how to build a 401k from scratch...