Best Investment Strategies for a 401(k)

If you have one available to you, your 401(k) can easily become the cornerstone of your retirement plan. People under 50 can generally contribute up to $19,500 per year to their plan, while those 50 or up can sock away as much as $26,000. When the maximum allowed employer contributions are included in the mix, those limits jump to $57,000 and $63,500, respectively. That's some serious cash that you and your boss can invest in a tax-advantaged account on your behalf to help fund your retirement.

That large potential contribution amount, along with the tax advantages associated with having money in that type of account, should put your 401(k) high on your list when it comes to your own planning. Still, just having a 401(k) available isn't enough. You need to know how to leverage it effectively to build your nest egg. These six are among the best investment strategies for a 401(k) available to many participants.

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Source Fool.com