Lesson 14 Making the Most of Your 401(k), 403(b), or 457 Plan
Choosing the Right Plan Options
Use the glide slope approach explained later in Lesson 39, “Taking the Right Amount of Risk,” to elect the right ratio of stocks to bonds for your point in your career. The glide slope approach systematically reduces your equity exposure as you near your target retirement date. Try to come as close as you can to global diversification within the plan choices. If you have low-cost index funds available, use them as your first choice to represent the asset classes. If not, select the best available choices by evaluating cost, number of holdings, and degree that it represents a specific style class that you want to hold in your portfolio. Very often, ...
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