Increase Investment Options

In the early days, 401(k) plans had very few investment options, such as just a couple of mutual funds. But nowadays? More and more plans have a plethora of options- so much so that a rookie would find it difficult to make heads or tails of them.

If you think your options are currently limited, talk to your employer about making a switch. Chances are that you and other employees might have been looking forward to more options that could better incorporate everyone’s objectives and risk tolerance. And happy employees = happy bosses!

Just don’t ask for more funds for the sake of having more funds. You have to really invest time into planning your investments. Hey, if you’re feeling confident, you could even point out some plans that allow self-directed stock investments!