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5 tips for investment success

Company Retirement Plan » 5 tips for 401(k) investing success

Take the controls
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Take the controls

If you've left your company retirement plan on automatic pilot because you're afraid to take the controls, you're not alone. A September 2010 study by the Charles Schwab Corp. called "The New Rules of Engagement for 401(k) Success" found that only 47 percent of 401(k) participants feel "very confident" about making investment decisions.

Financial planner Jennifer Lane, founder and principal of Compass Planning Associates as well as author of "The Complete Idiot's Guide to Protecting Your 401(k) and IRA," says many people are so confused about what to do with their 401(k)s and other employer-provided plans that they ignore them altogether.

Instead of dodging decisions in hopes of coasting your way toward your retirement savings goal, follow these five tips to become a more confident, hands-on investor.




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