401(k) investing strategies for couples
Analyze options from both plans
With that information in hand, take a more in-depth look at the options offered by both plans. "Each plan should be evaluated separately for portfolio offerings; fees and expenses; loads and no-load funds; three-, five- and 10-year returns; and underlying securities," says Ken Rupert of The Vita-Copia Group in Hampstead, Md.
Most company-sponsored retirement plans offer websites with information about each of the fund offerings. Personal finance sites such as Yahoo Finance and Morningstar also can help in the evaluation process. Examine the types of funds held in each retirement plan to make sure they don't have overlapping objectives. For example, you likely don't want U.S.-dominated large-cap funds in both 401(k) plans unless they are somehow very different -- for example, one that focuses on growth stocks while the other invests in value stocks.
Maximize your 401(k), and retire in style
No matter where you are in your career, be sure to make the most of your workplace retirement plan.