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How to Invest In Your 401(k)

Starting a new job? Here's a beginner's manual to understanding 401(k)s.

This month marks a significant milestone for my family as my oldest child, who graduated from college in May, begins his first full-time job, which gives him access to a 401(k) for the very first time.

Given the work my team at Morningstar does providing advice on 401(k) lineups, along with the many years I've spent researching and working on retirement products, I felt I was well-placed to offer my son a few tips on how to best invest in his own 401(k). I hope these guidelines will be valuable to others starting their careers or looking for a refresher.