Workplace retirement plan investments ballooned in the last decade. The average 401(k) balance increased by more than 450% between 2009 and 2019, according to Fidelity Investments. Meanwhile, the average 401(k) return reflects the stock market volatility of recent years. Vanguard’s How America Saves 2019 report found that the median 2018 return was a 6.5% loss, owing chiefly to the uneven stock performance that characterized much of 2018. The average five-year return notched 5.2%. A flawed 401(k) strategy can dampen a retirement outlook, but it’s not too late to fix it. Here are seven tips for making the most of investment opportunities inside an employer-sponsored plan.
Read more: 7 Ways to Fix a Flawed 401(k) Strategy
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