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ChiSquare1963 t1_iubkrft wrote

  1. Use a high yield savings account. Right now, you should be able to find one paying about 2%.
  2. A 401k is a long term investment account, so your goal should be to buy and hold investments. Choose investments when you open account, then ignore until five years before you plan to retire. Young people typically choose aggressive portfolios (75-95% stock), but people near retirement may want a less aggressive and less risky approach (50-60% stocks).
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