Talk with a
When you enroll in your company's retirement plan, you decide how your retirement savings will be invested. Typically, you can choose from a variety of mutual funds, which can vary according to your plan's design.
Your plan's investment options can be found online in PlanTrac or in your enrollment packet. It's important to review each fund's investment objectives and to understand that your potential risk and reward are closely related.
In general, conservative mutual funds have lower returns, but lower potential risk; more aggressive mutual funds have higher returns, but carry a higher risk. It's also important to spread your investment dollars among different classes of investments to further reduce your risk. This is called asset allocation. Remember, you can periodically change your investment choices as your needs and resources change.
You can access our Investing Classroom to get a better understanding of investment topics through a series of informative courses--from basic to advanced.