Expert Tips to Optimize 401(k) Contributions and Retirement Planning
Key Points:
The average 401(k) asset allocation in equities reached a record high of 71.9% in June 2021.
Rob Austin, Vice President of Data & Analytics at Alight, emphasizes the importance of optimizing employer contributions and rebalancing portfolios.
Super Savers contribute well above the recommended 10% to retirement savings for enhanced financial security.
Only 20% of individuals actively traded within their 401(k) accounts in the previous year.
Conclusion:
Effective 401(k) management involves proactive contribution planning, investment diversification, and consistent portfolio monitoring to capitalize on market trends and maximize returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.