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View Diary: $6.6 Trillion Retirement Savings Deficit Shows 401(k)'s No Replacement for Pensions (47 comments)

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  •  You don't need a lot of choices. (1+ / 0-)
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    I had/have a myriad of choices ranging CD's to Dow 500 to penny stock type mutual funds in my 401K. Don't think that lack of choices was/is that big a problem nowadays.
    Basic asset allocation means that you can do pretty well with about 8-10 total options.

    Government bond funds (short term and long term)
    Domestic stock funds (small cap, midcap, large cap, dividend focused)
    Foreign bonds and stocks (probably covering at least two continents each).

    Assuming competent management and low expense ratios, that's a pretty damned good selection.

    -7.75 -4.67

    "Freedom's just another word for nothing left to lose."

    There are no Christians in foxholes.

    by Odysseus on Sat Jan 26, 2013 at 09:27:24 AM PST

    [ Parent ]

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