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Many 401k retirement plans have large fees which might only be shown to the investor once, when they initially are enrolled in the plan. On top of this many of these 401k Plans fail to even beat the market returns. Many people that have 401k plans never check their funds or yearly/monthly gain/loss after the initial setup of the plan. Then when people are ready to retire and check their 401k balance they are greatly disappointed and are not able to retire. What you should do is always take any company match, it’s a free donation to your retirement (i.e. if you put in 6% of your salary your company matches 4.5%, therefore you put in only 6% of your salary but you get a total of 10.5% of your salary into the retirement account.) You also want to look at all the 401k investment options and study the stocks that are included in each plan. Additionally, look at how much percent of each stock the plan has, are they equal weighted or heavily favored in a few stocks. If they are heavily favored, are they good stocks in Positive technical trends? You can easily check if they are using the tools on YPInvestors. These are easy steps to grow your retirement account so that when you are ready to retire you can. In addition to any company matching, a second and great retirement plan is to setup a Roth IRA. You put money into this account after it is taxed, so this way when you take it out for retirement it is all tax free! This means your money grows tax free in the Roth IRA and you can pick any stocks or options you want! You have full control over your Roth IRA and can implement Sound Technical Analysis (from YPInvestors tools) to greatly increase your odds of high gains!
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