Everything You’ve Ever Wanted To Know About 401(k) Plans

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In your younger years, you’ll want to be a more aggressive investor

“When you’re younger, twenty-five to thirty-five you’ve got literally decades before you’re going to be able to access that money. You want it on the highest performing asset that you can get; the highest performing investment that you can get, and that really is stocks. The US stock market is really the most impressive wealth-building device ever created. You want to be invested with as much of your money as possible for as long as possible. So, a lot of advisors say, ‘Hey look you’re young. You’ve got decades left before retirement. You need eighty, ninety, maybe even one hundred percent of your investments in stock and really, that’s probably not too aggressive if you’re young and you can ride out.”