Christine Benz, On Monday February 14, 2011, 7:00 am EST
Investors spend a lot of time focusing on things they can’t control. For instance, they worry about what direction the market is headed, but there’s really no way to know and nothing anyone can do to influence its direction. It’s more productive to instead focus on things you’re truly in control of, such as limiting your investment costs and making sure you’re maximizing all of the tax-advantaged options that are available to you. That means contributing as much as you’re able to your 401(k) and also funding an IRA if you’re eligible.
