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Most 401(k)'s have fairly limited choices. You might have a selection of 8 or so funds to choose from. Usually there'll be a money market fund, an index fund, some target date funds, and international stock fund, and maybe a growth fund. Usually you don't have the ability to invest in individual stocks, though some plans offer this.

My usual advice for 401(k) investors is to look for a low cost index fund option, where you're charged very little in fees to invest and you'll match the market return. 14 years out from retirement is still a fairly long time, and if I were setting up a retirement fund for a 14 year stretch I wouldn't want that to stay in cash, but instead find a low cost index fund to direct it toward.

Do you already have information on the 401(k)'s fund choices? You could list them here and get some feedback on them.


Mike
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