Over time, I've moved all of my retirement funds into low-cost index mutual funds. While the investment choice is no guarantee that I'll have the biggest nest egg possible when I reach the age at which I'll begin withdrawing these funds, it puts me in a better position to have a higher investment balance than I would had I remained in high-cost investments.
Keep your retirement expenses low:
- Check your quarterly 401(k) statements.
- Read your investment prospectuses occasionally, and understand how the fees are communicated.
- Don't blindly accept the default investment allocation.
- Select low-cost index mutual funds over other options.