Keep Your Fingers Off the 401(k)
Retirement accounts functioned very differently just a couple of decades ago. We had to mail in a deposit to our retirement accounts, or banks drafted deposits out of our bank accounts. To make a change in our asset allocation, we had to call a broker, and our broker had the option either to agree with us or try and talk us out of making a bad decision.
Now, thanks to the internet, we can see our 401(k)s with the touch of a button. We can tweak and trade to our heart’s content, and there’s no one to dissuade us.