6 disastrous 401(k) mistakes
2. Sticking with the same funds for years
What was right for an investor at 25 may not be right for that same investor at 35 or 40. Mr. Castille noted that it takes time and skill to choose funds successfully over the longer term.
An allocation that grows with you may be a better idea. If you don’t have the time to assess your fund selections over time, a target date fund or an asset allocation fund may be a better choice, according to Mr. Castille.