Take greater control of your 401(k)

   If your employer offers a 401(k) or similar plan, you’ve got a powerful retirement-savings tool. And yet, how well you do with your 401(k) depends greatly on your choices and actions. 
   What steps can you take to maximize the benefits of your plan? 
   For one thing, review the contribution rate that may have come with your plan if you were automatically enrolled in it. 
   If you can afford to contribute more than this level, consider doing so. 
   At the very least, put in as much as necessary to earn your employer’s matching contribution, if one is offered. 
   Next, you also should review the initial investment mix that may have come with your plan. Ideally, you’d want to spread your dollars among a mix of your 401(k)’s available investments to give yourself the greatest growth potential, given your risk tolerance and time horizon. 
   Taking control of your 401(k) in these ways can help go a long way toward getting the most from your plan – and may help you get closer to supporting the retirement lifestyle you’ve envisioned. 
   This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson. Member SIPC.

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