Investment Management & Trust - May 2019
How to protect your 401(k) money
According to the Investment Company Institute’s2018 Fact Book, an astounding $7.7 trillion is held in tax-qualified defined contribution plans, such as 401(k) plans. That resource will play an enormous role in the retirement security of millions of Americans over the coming years. Accumulating money in a 401(k) is one thing with many components—arrange for salary reductions to fund the plan, evaluate investment choices for the money, check on progress periodically and make adjustments as needed.
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