I am 23 and have invested in my company's 401K since age 21. When I signed up for the 401K I decided to put in 3% of my pay, because it said the company will match up to 3%. Does this mean they are putting in 3% and I am putting in 3% also for a total of 6% (I have recently raised it to 5%)? Also, I know I put all of my money into stocks, one high risk, two medium and one low, I have no idea why I picked the ones I did, cause I do not know what all that info means in the packets for them. What is my best option to find out what the good stocks are, and am I doing well by putting it all in stocks? What is the normal % people put into their 401Ks at my age? Thanks...
2007-01-03
06:09:06
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6 answers
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asked by
Molly323
5