Tips for Maximizing Retirement Plan Investments

Many aspects of an employer-sponsored retirement plan happen automatically, such as paycheck deductions for contributions, but not making purposeful investment decisions can result in missed opportunities. Here are some tips to maximize the investment potential for a retirement plan:

• Make contributions that max out the full employer match.
• Research the options for plan investments, such as investing in a low-cost and diversified fund.
• Do not treat the retirement plan as a savings account by taking distributions early.
• Start saving for retirement right now.

See Jeff Rose, 4 Serious Retirement Plan Errors to Avoid, US News, March 9, 2015.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.