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Look For Lifecycle and Balanced Funds In Your 401k

auto.jpgYour 401k plan will probably have an "auto-enrollment" feature soon.  The Department of Labor will have new rules in effect in about 60 days.

In addition to the automatic enrollment,  the employer plans will also include similar investment choices including target date funds (lifecycle), balanced funds and managed accounts.   These funds will be used as the default investments rather than money markets or stable-value funds. 

Posted on Wednesday, October 24 by Registered CommenterWise Owl in | Comments Off