What is the fastest way to get my 401k to grow?

Answer 1

investment choices in a 401k are sometimes fairly moderate and we may be entering a period of more moderate returns overall. So the best way to watch your 401k grow is by increasing the amount you add to it.

If you max it out, you can also open a Roth IRA. there are some income limitations (110K/single, 150 married)

another trick is if you make over 94K, fica stops so you can increase your 401k towards the end of the year to compensate for a larger paycheck. Some other taxes stop at lower incomes, find out which they are and increase your contribution at that point.

another trick is if your company offers ESPP and you participate in both, raise your ESPP amount, then when the transaction is executed, increase your 401k amount to the maximum, thus getting a much smaller paycheck and suplement the smaller paycheck with money from the ESPP.
you must calculate how much your company will allow you to contribute per paycheck, when the execution dates for ESPP are and a few other factors, but it usually allows you to increase the your 401k with money from the discounted cost of ESPP.

good luck

Answer 2

Your employer can give you the option to put a certain percentage of you check in to your 401K,just max it out and watch it grow.

Answer 3

Study how market worked. be patient. study market cycles. president election affect market too. always put an stop order on your investment. monitor your investment carefully and act according to the information, not from noise. noise make you getting burn, act on information getting you retire in style

Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule