I'd say no more than around 10 percent in your company's stock. The biggest mistake people make is they put too much money in their company stock. People tend to be overconfident about their own companies. |
It will be easier to ride out the storm. |
That's easier to say than do. People think they are ready to assume more risk than they actually are. |
You need to do your own financial planning to find out how much you need to save. The problem in discussing 401(k) plans is every one is different. |