401(k) investing strategies for couples
Consider assets from all retirement plans
For many couples, the 401(k) plans from current employers are just one part of the retirement investing plan puzzle. You likely have 401(k) plans from former employers, and perhaps assets in traditional or Roth individual retirement accounts.
If you have 401(k)s from former employers, it can make sense to consolidate them into a rollover IRA for each spouse, says Michael Lecours, a financial adviser with Ohanesian/Lecours Investment & Advisory Services in West Hartford, Conn. Consolidating the accounts can result in increased investment options and a simplified portfolio-management process, he adds, as there won't be so many different accounts of which to keep track.
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.