Do they offer a 500 fund or other index?My wife’s 401k plan through a major brokerage/annuity firm offers NO total market index fund options on either the equity or fixed income side.To be fair, that was over 10 years ago, and a unique situation. It is almost unheard of today for any 401k to have no index option. I'm in several 401k plans of financial employers, all of them offer some type of index.They may or may not have access to S&P 500 index fund in the company's 401(k) plan.Many in the FIRE community stick to the S&P 500, while other investors focus on modal stocks
What do people who work in finance typically invest in?
Back when I worked for Capital Group (American Funds), our retirement plan was limited to the company's own mutual funds. There was no index fund or ETF option then.
It wasn't until 2014 with my current employer, that I finally had S&P 500 index in my 401(k) plan selection.
Statistics: Posted by Chardo — Wed Jul 17, 2024 11:17 am — Replies 14 — Views 1638