Understanding the Limits of Your 401(k)

Perched on this election eve it is easy to think about what the next President will have to deal with: How to lift the economy, try to find balance between policing Wall Street and encouraging creativity, baby boomer retirement costs, entitlement costs, Iraq, Afghanistan, decaying roads and bridges, pollution, and healthcare. That's a lot to take stock in. We also know that everyone who reads this space has looked at their 401(k) and said, "oh man". That's why right now is a good time to closely examine the ins and outs of your 401(k).

Here's why you care: The Wall Street Journal's Eleanor Laise has a great write on some of the pitfalls of your 401(k). Namely, things like too much company stock, not taking into account if retirement is around the corner or decades off, things like that... Notably, she also points out the issue of how much are you saving? That's why we think you should read her piece and consider your own plan for your next administration. Her piece is very utilitarian, and when you consider that your 401(k) is chalk full of companies we spotlight in pieces everyday we think you'll come to realize you care even more about the business pages.