In recent years, the 401k investment plan has become a popular investment option among many company workers. Basically, a 401k plan is a retirement saving account in which employees can save a small portion of their salary into a long-term investment. According to the Internal Revenue Service (IRS), 401k is classified as a defined contribution plan, similar to a pension plan. So, how to choose 401k investment options?
Usually, there are several options available in this investment plan. As someone new to this type of investment, you might feel confused about how you can choose the best 401k investment option.